RCS - United Oil & Gas PLC - Walton Morant Licence - Technical Planning Update

United Oil & GasAnnouncement

13/08/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250813:nRSM0721Va&default-theme=true

RNS Number : 0721V  United Oil & Gas PLC  13 August 2025

  United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas

 

13 August 2025

United Oil & Gas plc

("United" or "the Company")

 

Walton Morant Licence - Technical Planning Update

 

 

United Oil & Gas Plc (AIM: "UOG"), the oil and gas company with a
high-impact exploration asset in Jamaica and a development asset in the UK, is
pleased to provide an update on planning activities for the technical
programme at its 100%-owned Walton Morant Licence.

 

Since securing the Environmental Permit for non-invasive offshore surveys, the
Company has completed a substantial body of preparatory work to scope and plan
the offshore technical programme, including piston coring, multibeam
echosounder bathymetry, and other permitted data acquisition. This work
positions United to move efficiently into the next operational phase within
any optimal window.

 

Key planning activities completed include:

 

·      Survey design and operational planning for piston coring and
seabed mapping.

·      Detailed interpretation of available 3D seismic volumes and 2D
seismic lines, integrating structural and stratigraphic mapping with seabed
data to high-grade and optimise piston core locations.

·      Continued engagement with local stakeholders to ensure to ensure
compliance, timely responsiveness/approvals, strong community and stakeholder
relations and support.

 

Next Steps and Further Technical Enhancements

 

The Beach Licence, the final approval required for nearshore survey
operations, is expected shortly.

 

In addition, the Company is evaluating the reprocessing of part of the
existing seismic dataset, with the objective of further improving imaging
quality and refining structural and stratigraphic interpretation. Enhanced
seismic resolution from this work will support prospect definition,
de-risking, and target prioritisation across the Walton and Morant basins.

 

Brian Larkin, CEO of United Oil & Gas, commented:

 

"With permitting now at an advanced stage, we are moving forward with detailed
planning for a suite of offshore technical studies that will further
strengthen our understanding of this highly prospective licence.

Engagement from prospective partners remains active, with parties continuing
to review and evaluate the data in our secure virtual data room. Walton Morant
contains multiple drill-ready prospects with independently assessed
billion-barrel scale potential, and the recent progress on permitting reflects
the practical steps being taken to prepare for future activity. This positions
the asset more strongly for both technical and commercial advancement as we
progress farm-out discussions alongside operational readiness."

**ENDS**

 

 Enquiries
 United Oil & Gas Plc (Company)
 Brian Larkin, CEO                                      brian.larkin@uogplc.com

 Beaumont Cornish Limited (Nominated Adviser)
 Roland Cornish | Felicity Geidt | Asia Szusciak        +44 (0) 20 7628 3396

 Tennyson Securities (Joint Broker)
 Peter Krens                                            +44 (0) 20 7186 9030

 Optiva Securities Limited (Joint Broker)
 Christian Dennis                                       +44 (0) 20 3137 1902

 Shard Capital Limited (Joint Broker)                   +44 (0) 207 186 9900

 Damon Heath | Isabella Pierre

About Reach announcements

 

This is a Reach announcement. Reach is an investor communication service aimed
at assisting listed and unlisted (including AIM quoted) companies to
distribute media only / non-regulatory news releases into the public domain.
Information required to be notified under the AIM Rules for Companies, Market
Abuse Regulation or other regulation would be disseminated as an RNS
regulatory announcement and not on Reach.

 

Notes to Editors

United Oil & Gas is an oil and gas company with a development asset in
the UK and a high impact exploration licence in Jamaica.

 

The business is led by an experienced management team with a strong track
record of growing full cycle businesses, partnered with established industry
players and is well positioned to deliver future growth through portfolio
optimisation and targeted acquisitions.

United Oil & Gas is listed on the AIM market of the London Stock
Exchange. For further information on United Oil and Gas please
visit www.uogplc.com (http://www.uogplc.com)

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAEAEPAFEFSEAA