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United Oil & Gas Plc ( (GB:UOG) ) just unveiled an update.
United Oil & Gas Plc has been granted the Beach Licence, allowing it to conduct seabed sampling operations within the Walton Morant Basin, offshore Jamaica. This development follows the recent extension of the Walton Morant Licence to January 2028 and the granting of an Environmental Permit, marking significant progress in the company’s Jamaican work program. The seabed sampling will provide valuable geochemical insights to enhance the technical evaluation and prospectivity of the Walton Morant licence area, making it more attractive to potential partners.
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 in growing full-cycle businesses, partnering with established industry players, and is positioned for growth through portfolio optimisation and targeted acquisitions. United Oil & Gas is listed on the AIM market of the London Stock Exchange.
Average Trading Volume: 45,280,559
Technical Sentiment Signal: Sell
Current Market Cap: £4.02M
See more data about UOG stock on TipRanks’ Stock Analysis page.