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LONDON - United Oil & Gas Plc (AIM:UOG) has published an updated technical presentation on its Walton-Morant licence in Jamaica, the company announced Friday.
The presentation, titled "Evidence for a Petroleum System - Jamaica Licence," provides additional geological information supporting the ongoing farm-out process for the exploration asset.
According to the company statement, the updated materials offer a more scientifically focused perspective on the licence’s potential, highlighting technical de-risking work completed across the block and evidence of a working petroleum system based on historical wells and regional analogues.
The presentation also details the Colibri prospect and surrounding leads, along with planned technical work that includes potential piston core surveying.
Brian Larkin, CEO of United Oil & Gas, stated that the Walton-Morant licence represents "one of the most attractive frontier exploration opportunities in the region." He noted that several parties have signed non-disclosure agreements as part of the farm-out process.
United Oil & Gas describes itself as having a development asset in the UK alongside the high-impact exploration licence in Jamaica. The company is listed on the AIM market of the London Stock Exchange (LON:LSEG).
The updated technical presentation is available on the company’s website, according to the press release.
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