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An update from United Oil & Gas Plc ( (GB:UOG) ) is now available.
United Oil & Gas Plc has submitted a permit application for a piston core survey in Jamaica, marking a significant step in their exploration efforts. This survey aims to collect seabed samples to analyze hydrocarbon potential, supporting the company’s strategy to de-risk the Walton-Morant Licence and attract potential farm-in partners. The initiative is part of a broader effort to unlock the value of what is considered a potentially world-class frontier basin, with the survey’s data expected to enhance basin modeling and petroleum system analysis.
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 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: 62,406,558
Technical Sentiment Signal: Sell
Current Market Cap: £2.52M
See more data about UOG stock on TipRanks’ Stock Analysis page.