REG - United Oil & Gas PLC - SGE Survey Analysis Update

United Oil & GasAnnouncement

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RNS Number : 5281Z  United Oil & Gas PLC  08 April 2026

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

 

08 April 2026

 

United Oil & Gas plc

("United" or "the Company")

 

SGE Survey Analysis 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 the analysis of piston core samples from its
recently completed Seabed Geochemical Exploration ("SGE") survey over the
Walton-Morant Licence offshore Jamaica.

 

United has undertaken a geochemical analysis on the 42 piston cores acquired
across the Walton-Morant Licence. The analysis has identified C4 and C5
hydrocarbons, including butanes and pentanes, in select piston cores within
the headspace gas dataset. United note that these higher order hydrocarbons
are not typically associated with biogenic gas systems and are therefore
consistent with a potential thermogenic contribution.

 

There is an established body of evidence for an active petroleum system in
Jamaica in general, and on the licence in particular, including repeat
satellite slick anomalies, thermogenic hydrocarbon geochemistry from existing
onshore and offshore wells, onshore and offshore oil seeps, and onshore
surface outcrops. Furthermore, petroleum systems modelling suggests the
presence of oil-mature source rocks. The 2026 SGE survey is the first on the
licence to be optimally positioned using 3D seismic, multibeam echosounder
(MBES) seabed mapping, and satellite-derived slick anomaly data. Taken
together, the data are interpreted as consistent with an active petroleum
system offshore Jamaica.

 

United will integrate the results into its geological understanding and
risking models, and the dataset will support ongoing technical evaluation and
farm-out discussions.

 

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

 

"The 2026 piston core survey results represent an important step forward in
our understanding of the Walton Morant licence. We have identified butane and
pentane hydrocarbons in the analysis. These results enhance our understanding
of the licence and provide an important input as we advance towards a drilling
decision. We look forward to integrating the results into our subsurface work
and continuing to progress discussions with interested parties. We believe
United's technical evaluation of the licence's potential will support our
ongoing farm-out process as we work to advance this world-class licence which
contains approximately 7 billion of prospective resources."

 

Qualified Person Statement

Paul Ryan, who has over 20 years of relevant experience in the oil and gas
industry, has reviewed and approved the information contained in this
announcement.  Paul Ryan is a qualified person as defined in the guidance
note for Mining Oil & Gas Companies of the London Stock Exchange and is
a member of the Geoscience Exploration Society of Great Britain (GESGB), the
American Association of Petroleum Geologists (AAPG) and the Society of
Petroleum Engineers (SPE).

 

 

**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

 Shard Capital Limited (Joint Broker)                   +44 (0) 20 7186 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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