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KINGSTON - United Oil & Gas Plc, an AIM-listed company, has announced the submission of a permit application for a piston core survey to the National Environmental and Planning Agency (NEPA) in Jamaica. This move is part of the company’s technical de-risking strategy for its exploration asset in the Walton and Morant basins.
The application represents a significant step in United’s work programme and follows an extended preparation phase that included enhancing the technical scope of the project. The core survey aims to collect between 40 and 60 seabed sediment samples to analyze the hydrocarbon potential and reservoir quality within the licence area.
In addition to the piston core survey, United plans to conduct a Multibeam Echosounder (MBES) survey over parts of the Morant Basin not covered by existing 3D seismic data. This will be complemented by heat probe analysis at selected locations to gather data on heat flow and sediment thermal conductivity, which will contribute to refined basin modeling and petroleum system analysis.
The Walton-Morant Licence, covering 22,400 square kilometers, has over 40 identified leads and prospects. Independent (LON:IOG) assessments by Gaffney Cline have certified eleven of these prospects to potentially hold over 2.4 billion barrels of unrisked mean prospective resources. United’s internal estimates suggest the total exploration potential could exceed 7 billion barrels across the licence area.
The data from the piston core survey is expected to support United’s ongoing farm-out efforts by offering potential partners a clear path to early-stage involvement in the Walton-Morant Licence. The company believes that this programme will further de-risk what it considers one of the most compelling frontier exploration opportunities globally, and it has already attracted interest from parties under non-disclosure agreements (NDAs).
Brian Larkin, CEO of United Oil & Gas, commented on the importance of the survey in unlocking the value of the basin, emphasizing the company’s commitment to maximizing the value of the programme.
This information is based on a press release statement from United Oil & Gas Plc.
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