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The latest announcement is out from United Oil & Gas Plc ( (GB:UOG) ).
United Oil & Gas has announced the mobilisation of the survey vessel R/V Gyre from Trinidad to Jamaica to undertake an offshore surface geochemical exploration survey on the Walton Morant Licence. The vessel is expected to arrive in Kingston within about a week, complete inspection and then begin operations around 27 January, starting with a multibeam echo sounder survey followed by heat flow measurements and seabed piston coring. Core samples will be sent to a US laboratory for detailed geochemical analysis, with preliminary data expected one to two months after fieldwork and final results around mid‑2026. By targeting seabed features such as pockmarks that may be associated with hydrocarbon seepage, the programme aims to confirm the presence of thermogenic hydrocarbons and provide direct evidence of an active petroleum system, which would materially de‑risk the licence’s 7.1 billion barrels of unrisked prospective resources and inform future exploration and strategic decisions in this key Jamaican basin.
The most recent analyst rating on (GB:UOG) stock is a Hold with a £0.13 price target. To see the full list of analyst forecasts on United Oil & Gas Plc stock, see the GB:UOG Stock Forecast page.
Spark’s Take on GB:UOG Stock
According to Spark, TipRanks’ AI Analyst, GB:UOG is a Neutral.
The score is driven primarily by deteriorating financial performance, with revenue at zero and continued losses in 2023–2024 alongside shrinking equity. Technical indicators are also soft (price below key moving averages and negative MACD), and valuation support is limited due to a negative P/E and no dividend yield.
To see Spark’s full report on GB:UOG stock, click here.
More about United Oil & Gas Plc
United Oil & Gas Plc is a UK-listed independent oil and gas company focused on a UK development asset and a high-impact offshore exploration licence in Jamaica. Led by an experienced management team and partnered with established industry players, the company positions itself as a full-cycle explorer and developer aiming to grow through portfolio optimisation and targeted acquisitions, with a particular strategic emphasis on de-risking its large prospective resource base in Jamaica.
Average Trading Volume: 52,572,696
Technical Sentiment Signal: Strong Sell
Current Market Cap: £5.29M
Learn more about UOG stock on TipRanks’ Stock Analysis page.