United Oil & Gas plc said a potential of more than 2.4 billion barrels of oil had been identified in its 100% owned 22,400km2 Walton Morant licence, Jamaica. RESOURCE Gaffney Cline & Associates published the figures in a new independent prospective resources report. United is due to drill the first exploration well offshore Jamaica for […]
Tag: Walton Morant – Jamaica
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 […]