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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: 2.8644 GBX

AIM:UOG
Market: AIM
Market Cap: £17.91 m
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United Oil & Gas positioned as 'only full life cycle E&P producer listed on AIM'

United Oil & Gas PLC's (LON:UOG) Brian Larkin explains to Proactive London's Katie Pilbeam how Rockhopper Exploration PLC (LON:RKH) sold its entire 18.3% stake in UOG to a small number of institutional investors and one private investor in a placing. Larkin also talks about their...

2 weeks, 1 day ago

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