leadf
logo-loader
viewUnited Oil & Gas PLC

United Oil's Larkin says taking over as operator in Jamaica is 'extremely exciting development'

United Oil & Gas PLC's (LON:UOG) Brian Larkin speaks to Proactive London's Andrew Scott after announcing they've received approval from the Jamaican Government to take forward the Walton Morant Licence, Jamaica, on a 100%-operated basis, with the initial exploration period extended for 18 months. He says they're planning to complete a work programme to further de-risk the Colibri prospect and perform detailed interpretation of the numerous follow-on targets. Larkin adds that the 'cost-effective' activity will be informed by the feedback from companies who have engaged with the company and the previous licence operator in the data room process to date.

Quick facts: United Oil & Gas PLC

Price: 2.66 GBX

AIM:UOG
Market: AIM
Market Cap: £16.63 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of United Oil & Gas PLC named herein, including the promotion by the Company of United Oil & Gas PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Emperor Energy welcomes strong support for SPP as it progresses with Judith...

Emperor Energy Ltd's (ASX:EMP) Carl Dumbrell joins Proactive's Andrew Scott soon after receiving firm commitments to raise $656,000 through its share purchase plan (SPP) – attracting more than double the minimum $300,000 target. Net proceeds will go towards strengthening the company’s balance...

14 hours, 32 minutes ago

2 min read