REG - United Oil & Gas PLC - Receipt of Environmental Permit - Walton Morant

United Oil & GasAnnouncement

24/07/2025 07:00

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RNS Number : 3184S  United Oil & Gas PLC  24 July 2025

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

 

24 July 2025

United Oil & Gas plc

("United" or "the Company")

 

Receipt of Environmental Permit - Walton Morant Licence, Jamaica

 

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 confirm formal receipt of the Environmental Permit from Jamaica's
National Environment and Planning Agency ("NEPA") for UOG's planned offshore
surveys at its 100% owned Walton Morant Licence.

 

This follows the Company's 30 June 2025 announcement, confirming that the
approved permit had been listed on NEPA's website. The permit is now in hand
and is valid for five years.

 

The Environmental Permit encompasses a range of non-invasive offshore surveys,
including bathymetric, geotechnical, and environmental baseline studies. It
represents a key milestone in progressing toward the next phase of operational
activities under the licence. A final outstanding permit, known as a Beach
Licence, is expected shortly and will complete all approvals required before
any operational activities can commence.

 

These surveys will further enhance United's technical dataset and are designed
to further de-risk the licence by providing critical data to support
prospectivity, including potential hydrocarbon presence in the seabed. While
not required for the farmout, they will support ongoing technical workstreams,
underpinned by the recent licence extension to January 2028.

 

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

 

"With the Environmental Permit now secured and the Beach Licence expected
shortly, we are moving into a position to advance technical operations and
rebuild momentum across one of the most exciting and underexplored basins in
the region.

The Walton Morant licence presents a compelling opportunity, with
billion-barrel-scale potential, drill-ready targets, and a source rock
interval of similar age to that found in the prolific basins of
Guyana,Trinidad & Tobago, and elsewhere in the Caribbean region.

Encouraging industry interest continues, and advancing the farmout remains a
core strategic priority. The farmout process is progressing in parallel to
survey preparations and is not contingent upon them. Our focus is on unlocking
value through both technical de-risking and commercial engagement."

 

 

END

 

 

 

 

 

 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

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

 

 

 

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)

 

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