News Oil & Gas

United granted further two years for Walton Morant

United Oil & Gas plc said it had been granted a two-year extension for its 100% Walton Morant licence, Jamaica. POTENTIAL Following completion of the approval process, the licence will run to 31 January 2024. United believes that there is a hydrocarbon system in Jamaica including source, reservoir, and seal rocks. An independent evaluation by […]

News Oil & Gas

United marks ‘exceptional success’ from Egypt assets

United Oil & Gas said its Egyptian assets had performed beyond expectations during the first half of 2021. ABU SENNAN Revenues for H1 2021 are expected to be $10.3 to $10.5 million. Group cash balance was $2m, total cash collections of $8.2m and cash capital expenditure of $3m. United invested $2.2m in the Abu Sennan […]

News Oil & Gas

United positive for the future on strength of 2020

United Oil and Gas plc said its strong financial and performance during 2020 has well placed the company to build on its successes and withstand uncertain hydrocarbon prices. In its trading report for 2020, the oil and gas production, development, exploration and appraisal group, announced it had total revenues of $9 to $9.2 million for […]

News Oil & Gas

United acquires Walton Morant from Tullow

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 […]