AIM-listed United Oil & Gas, the oil and gas company with a high-impact exploration asset in Jamaica and a development asset in the UK, has announced that a Piston Core Presentation has been published on the Company's website.
This presentation outlines the scope and objectives of the upcoming piston coring and surface geochemical survey on the Walton Morant licence, and its importance in advancing technical understanding and supporting ongoing farmout discussions.
Key highlights include:
- Overview of licence scale and potential
- Summary of recent progress and next steps
- Objectives and methodology of the piston core survey
- Introduction to survey operator TDI Brooks International Limited
- Key findings form the independent Iapetus Geoscience Risking Review
The presentation can be accessed at:
https://www.uogplc.com/investors/presentations/
Brian Larkin, CEO of United Oil & Gas, commented:
This presentation outlines the next key milestone for United as we prepare to commence the piston coring survey. The programme will involve collecting around 40-60 shallow seabed cores to test for thermogenic hydrocarbons, direct evidence of a working petroleum system within the Walton Morant Basin.
This is a significant step forward realising the potential of the licence and strengthening our position in ongoing farmout discussions.
We remain focused on unlocking value for our shareholders. With several parties under NDA, farm-out discussions are continuing, and the insights gained from the piston core survey are expected to further enhance our position.
We encourage all investors to review the updated presentation to appreciate the scale and potential of the opportunity we are pursuing.'
Source: United Oil & Gas
