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United Oil & Gas Plc Reports Progress in Jamaican Exploration Efforts

Story Highlights
  • United Oil & Gas Plc made significant progress in its Walton Morant license in Jamaica.
  • The company secured a license extension, received permits, and improved drilling success probabilities.
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United Oil & Gas Plc Reports Progress in Jamaican Exploration Efforts

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United Oil & Gas Plc ( (GB:UOG) ) has issued an announcement.

United Oil & Gas Plc announced its unaudited results for the first half of 2025, highlighting significant progress in its Walton Morant license in Jamaica. The company secured a two-year license extension, received key environmental permits, and completed successful fundraising efforts, indicating strong shareholder support. The Walton Morant license, with its vast potential of 7 billion barrels and favorable fiscal terms, is attracting interest from potential partners, enhancing the company’s farm-out discussions. Recent independent studies have improved the drilling success probabilities for key prospects, further de-risking the project and positioning United Oil & Gas for transformational value creation.

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 license in Jamaica. The company is led by an experienced management team with a strong track record of growing full-cycle businesses and is listed on the AIM market of the London Stock Exchange.

Average Trading Volume: 19,879,891

Technical Sentiment Signal: Sell

Current Market Cap: £4.27M

For an in-depth examination of UOG stock, go to TipRanks’ Overview page.

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