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United Oil & Gas Plc ( (GB:UOG) ) just unveiled an update.
United Oil & Gas PLC has published a Piston Core Presentation on its website, detailing the upcoming piston coring and surface geochemical survey on the Walton Morant licence in Jamaica. This survey is a critical step in advancing technical understanding and supporting ongoing farmout discussions. The programme will involve collecting shallow seabed cores to test for thermogenic hydrocarbons, which could indicate a working petroleum system within the Walton Morant Basin. This development is expected to strengthen United’s position in farmout discussions and unlock value for shareholders.
More about United Oil & Gas Plc
United Oil & Gas 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: 38,561,429
Technical Sentiment Signal: Sell
Current Market Cap: £3.49M
For an in-depth examination of UOG stock, go to TipRanks’ Overview page.