United Oil & Gas Moves Forward with Exploration in Jamaica Through Piston Core Survey Permit Application

 

United Oil & Gas Plc (LSE:UOG) has applied for a permit to conduct a piston core survey off the coast of Jamaica, advancing its exploration activities in the region. The survey is designed to collect seabed core samples to evaluate the hydrocarbon potential of the area, which supports the company’s strategy to reduce exploration risks on the Walton-Morant Licence. This step is aimed at attracting farm-in partners and unlocking the value of what is regarded as a promising frontier basin. The data gathered will contribute to improved basin modeling and a deeper understanding of the petroleum system.

About United Oil & Gas Plc

United Oil & Gas Plc operates in the oil and gas sector with assets including a development project in the UK and a high-impact exploration licence in Jamaica. The company benefits from an experienced management team skilled in growing full-cycle energy businesses and is focused on driving growth through strategic portfolio management and acquisitions. United Oil & Gas is traded on the AIM market of the London Stock Exchange.

• Average Trading Volume: 62,406,558 shares

• Technical Sentiment: Sell

• Market Capitalization: £2.52 million

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