United Oil & Gas plc has completed its exit from the Abu Sennan joint venture licence, onshore Egypt. JAMAICA The company said it had finalised all paperwork for the withdrawal from its 22% working interest, effective 1 January 2024. Formal approval from state oil company Egyptian General Petroleum Corporation and the Minister for the Deed […]
Tag: Walton Morant – Jamaica
United appoints Iman Hill as Jamaica consultant
United Oil & Gas plc has appointed non-executive director Iman Hill as a consultant for the Walton Morant project, offshore Jamaica. Ms Hill, who joined United in September 2020, is a petroleum engineer with 30 years’ experience in the oil and gas industry. She has global expertise in the technical and commercial aspects of the […]
United appoints Herona Thompson as Jamaica manager
United Oil & Gas plc has appointed Herona Thompson as country manager in Jamaica. Ms Thompson is a geologist experienced in the petroleum industry, having worked for the Government of Jamaica as well as the private sector on national and international projects. She will play a key role in overseeing and implementing United’s work programme […]
United warns of impact of rejected £1m fundraise
United Oil & Gas plc today warned its business could be hindered if shareholders’ opposed yesterday’s £1 million fundraise. The placing to raise the funds is conditional on, among other things, shareholders’ approval at the general meeting on 15 March. “Failure to secure the funds could hamper the company’s business and impact on its exploration […]
United agrees two-year extension to Walton Morant
United Oil & Gas plc has agreed a two-year extension to the initial exploration period of its 22,400km2 Walton Morant block offshore Jamaica. CONFIDENT Pending the final signature by the Ministry of Science, Energy, Telecommunications and Transport (MSETT) on an amendment to the production sharing agreement (PSA) the licence will run to 31 January 2026. The company […]
United’s preferred partner for Walton Morant exits talks
United Oil & Gas plc preferred potential farm-out partner for the Walton Morant licence has withdrawn two weeks after talks entered a critical stage. LICENCE EXTENSION The company said it would focus on the “recent positive interest” in the Jamaica asset shown by other parties. “The board believes that the renewed interest in exploration opportunities […]