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UOG

0.92%
NEUTRAL

United Oil & Gas CEO Discusses Jamaica Licence and Upcoming Milestones

Why we think this is neutral

This RNS announcement is a CEO interview, which does not contain any specific financial or operational updates. While the interview provides some high-level information about the company's plans, it does not include any quantifiable metrics or news that would significantly impact the sentiment.

Key Points

  • Discusses technical and commercial potential of Jamaica licence
  • Provides update on ongoing farm-out discussions
  • Mentions plans for Piston Core Survey permit application

Summary

The oil and gas company discusses the technical and commercial potential of its Jamaica licence, ongoing farm-out discussions, and plans for a permit application.

In the CEO interview, Brian Larkin outlines the key highlights for United Oil & Gas, including the importance of the recent Walton-Morant licence extension, the basin-wide prospectivity and onshore seeps that support a multi-well campaign, and the strategy for future cashflow generation and unlocking shareholder value. The interview provides an update on the ongoing farm-out discussions with parties under NDA and the permit application for the Piston Core Survey.

Key Dates

January 2028
Walton-Morant licence extension expiry
GENERAL UPDATE