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UNITED OIL & GAS PLC - Jamaica Piston Coring Investor Presentation
Investor Meet Podcast - AI
1 month ago
UNITED OIL & GAS PLC - Jamaica Piston Coring Investor Presentation
In this episode, we explore United Oil & Gas PLC's significant offshore energy project in Jamaican waters. The company is focused on the Walton Morant license, covering 22,500 square kilometers and potentially holding over 7 billion barrels of recoverable oil. Analysts suggest that even a single major discovery could yield an NPV of around $4 billion. UOG is currently conducting a piston coring survey to gather direct evidence of oil migration, which is crucial for attracting major partners to fund drilling operations. Results are expected in early Q1 2024, potentially accelerating the company's path to unlocking significant value in this promising area.