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An announcement from United Oil & Gas Plc ( (GB:UOG) ) is now available.
United Oil & Gas Plc has signed a contract with TDI Brooks International for the R/V Gyre survey vessel to conduct a piston coring and surface geochemical programme on the Walton Morant Licence offshore Jamaica. This initiative is a significant step in supporting ongoing farm-out discussions and shareholder value creation, as it aims to confirm the presence of hydrocarbons and de-risk the basin. The survey, expected to start in December 2025 and last two to three weeks, will provide critical data for basin modelling and enhance the definition of key prospects. United remains committed to supporting Jamaica’s energy development and recovery efforts following a recent hurricane.
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 licence in Jamaica. The company is led by an experienced management team with a strong track record of growing full-cycle businesses. It is 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: 51,968,444
Technical Sentiment Signal: Sell
Current Market Cap: £5.49M
For detailed information about UOG stock, go to TipRanks’ Stock Analysis page.