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United Oil & Gas Secures Environmental Permit for Jamaican Exploration

Story Highlights
  • United Oil & Gas has received an Environmental Permit for the Walton Morant Licence in Jamaica.
  • The permit enables offshore surveys to enhance technical data and supports the farmout process.
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United Oil & Gas Secures Environmental Permit for Jamaican Exploration

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United Oil & Gas Plc ( (GB:UOG) ) just unveiled an update.

United Oil & Gas Plc has received an Environmental Permit from Jamaica’s National Environment and Planning Agency for its Walton Morant Licence, marking a significant step towards operational activities. The permit allows for non-invasive offshore surveys, which will enhance the company’s technical dataset and support ongoing technical workstreams. The Walton Morant licence is seen as a compelling opportunity with billion-barrel-scale potential, and the company is focused on advancing the farmout process in parallel with survey preparations.

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: 67,650,287

Technical Sentiment Signal: Sell

Current Market Cap: £3.31M

For a thorough assessment of UOG stock, go to TipRanks’ Stock Analysis page.

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