United Oil & Gas plc said it had settled the final outstanding sum of $839,200 with its debt provider.
JAMAICA
The company has also completed the necessary paperwork to withdraw fully from Egypt.
Chief executive Brian Larkin added: “We’re delighted to have reached a settlement agreement with our debt provider and express our gratitude for their longstanding support, particularly during the recent challenging period in Egypt.
“We look forward to collaborating with them again in the future.
“In the meantime, we will focus on the momentum that we are gaining with the Jamaican farm-out process.”