United Oil & Gas plc has acquired the Walton Morant licence in Jamaica on a 100% operated basis, with its initial exploration period extended by 18 months. TARGETS The Jamaican Government approved the move which sees United take Tullow’s 80% equity in the licence for a nominal fee to become the operator and 100% equity […]
Tag: oil and gas
Cuadrilla views fracking as still an option in the UK
The future of hydraulic fracturing – fracking – for gas exploration in the UK remains open, said Australian engineering firm AJ Lucas (Lucas). MORATORIUM As of February 2020, Lucas owned 97% of shares in British oil and gas exploration company Cuadrilla Resources operating in Lancashire. In 2019, the Government imposed a moratorium following a report […]