REG - United Oil & Gas PLC - Walton Morant Licence - Grant of Beach Licence

United Oil & GasAnnouncement

02/09/2025 07:00

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RNS Number : 5491X  United Oil & Gas PLC  02 September 2025

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

 

2 September 2025

United Oil & Gas plc

("United" or "the Company")

 

Walton Morant Licence - Grant of Beach Licence

 

 

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 announce that it has been Granted the Beach licence. This licence
enables United to undertake seabed sampling operations within the Walton
Morant Basin, offshore Jamaica

 

This milestone builds on the recent extension of the Walton Morant Licence to
January 2028 and the granting of the Environmental Permit, announced on 24
July 2025, marking continued progress in United's permitting for the work
program for the Jamaican licence.

 

The Beach Licence is a continuous licence and renews annually on the 1(st)
April and authorises United to conduct a piston core survey in the foreshore
and seabed areas and to collect seabed samples for geochemical analysis, an
essential step in assessing hydrocarbon potential. These surveys will enhance
United's technical dataset and are specifically designed to de-risk the
licence by providing critical information to support prospectivity, including
potential hydrocarbon indicators in the seabed. The sampling programme will
support ongoing technical workstreams to further de-risk the licence.

 

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

 

"The granting of the Beach Licence marks another important step forward in our
efforts to unlock the potential of the Walton Morant Basin. Seabed sampling
will provide valuable geochemical insights that support our technical
evaluation and further enhance the prospectivity and value potential of the
Walton Morant licence area. With parties engaged in the data room, this
progress helps make the asset even more attractive to potential farm-in
partners We are grateful to the Jamaican authorities for their continued
support and look forward to advancing our work programme in the region."

 

**ENDS**

 

 

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