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United Oil & Gas Plc ( (GB:UOG) ) has shared an update.
United Oil & Gas Plc announced the results of an independent Risking Review Study by Iapetus Geoscience Limited, which underscores the potential of their Surface Geochemical Exploration survey at the Walton Morant Licence offshore Jamaica. The study suggests that successful piston coring could significantly increase the Geological Chance of Success for multiple high-impact prospects, enhancing the technical case for the Walton Morant Licence and making it more attractive to potential farm-in partners. This development is seen as a major step in de-risking the basin and advancing commercial engagement, with the potential to boost pre-drill confidence and support United’s strategy of continuous technical de-risking.
More about United Oil & Gas Plc
United Oil & Gas Plc is an oil and gas company with a development asset in the UK and a high-impact exploration licence in Jamaica. The company is led by an experienced management team with a strong track record of growing full-cycle businesses, partnered with established industry players, and is well-positioned to deliver future growth through portfolio optimisation and targeted acquisitions. United Oil & Gas is listed on the AIM market of the London Stock Exchange.
Average Trading Volume: 20,085,388
Technical Sentiment Signal: Sell
Current Market Cap: £4.42M
For a thorough assessment of UOG stock, go to TipRanks’ Stock Analysis page.