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You've been ramping this all over the place EarlofAim. Its hardly surprising its crashed back down to earth.
Put him on ignore BT I just did prize clown.
What's wrong with it is that you have posted the exact same information at least 20 times now. We all saw it in the first post.
Blaimthrower
nothing I've posted is My opinion, rather it's official Rns I'm posting,
what's wrong with that?
Of course it can't tell you that. It will just keep copying and pasting the same stuff as this company goes down the toilet and so does it's attempt at a P&D
United Oil & Gas Plc (AIM: "UOG"), the oil and gas company with a portfolio of development, appraisal and highly prospective exploration assets, issues the following corporate update in relation to its Jamaica licence.
Highlights:
- Two-year extension of the Jamaican Walton Morant Licence to 31 January 2026.
- Large 22,400km2 offshore exploration block situated to the south of the island of Jamaica.
- 2.4 billion bbl of unrisked mean prospective resource potential audited by Gaffney Cline & Associates, including the initial drill ready Colibri prospect of 406 million barrels of unrisked mean prospective resources.
- Attractive fiscal terms and supportive host government.
- Potential NPV10 of c. $23 billion* to United at 100% working interest over the c. 25-year production life of the licence based on successful discovery and development of the 2.4 billion bbl of unrisked mean prospective resource potential.
- Success-case breakeven oil price of c. $25 per bbl*.
- Conventional exploration and potential development techniques, featuring the potential for a low carbon emissions oil development.
- Significant interest from potential industry partners with marketing to scale up considerably following confirmation of licence extension.
Jamaica Update
United Oil and Gas Plc is pleased to announce that following the announcement made on 22 January 2024, the Jamaican Ministry of Science, Energy, Telecommunications and Transport ("MSETT") have signed an amendment to the Production Sharing Agreement ("PSA") therefore confirming the extension of the Walton Morant Licence to 31 January 2026.
United Oil & Gas Plc (AIM: "UOG"), the oil and gas company with a portfolio of development, appraisal and highly prospective exploration assets, issues the following corporate update in relation to its Jamaica licence.
Highlights:
- Two-year extension of the Jamaican Walton Morant Licence to 31 January 2026.
- Large 22,400km2 offshore exploration block situated to the south of the island of Jamaica.
- 2.4 billion bbl of unrisked mean prospective resource potential audited by Gaffney Cline & Associates, including the initial drill ready Colibri prospect of 406 million barrels of unrisked mean prospective resources.
- Attractive fiscal terms and supportive host government.
- Potential NPV10 of c. $23 billion* to United at 100% working interest over the c. 25-year production life of the licence based on successful discovery and development of the 2.4 billion bbl of unrisked mean prospective resource potential.
- Success-case breakeven oil price of c. $25 per bbl*.
- Conventional exploration and potential development techniques, featuring the potential for a low carbon emissions oil development.
- Significant interest from potential industry partners with marketing to scale up considerably following confirmation of licence extension.
Jamaica Update
United Oil and Gas Plc is pleased to announce that following the announcement made on 22 January 2024, the Jamaican Ministry of Science, Energy, Telecommunications and Transport ("MSETT") have signed an amendment to the Production Sharing Agreement ("PSA") therefore confirming the extension of the Walton Morant Licence to 31 January 2026.
Oilyrag
Read Rns 25 Jan
Earl is this a 500 bagger or 1000 bagger...before you sell for 2% profit later today ?
Just tell me how on earth you come up with an NPV of $23B and keep a straight face?
Elon Musk: ‘Civilization Will Crumble’ Without Oil And Gas In Short Term
Siladitya Ray
Forbes Staff
Covering breaking news and tech policy stories at Forbes.
Aug 29, 2022,08:07am EDT
Updated Aug 29, 2022, 08:29am EDT
TOPLINE
Tesla CEO and world’s richest person Elon Musk on Monday backed additional efforts to drill for natural gas and oil in the short term
Elon musk on oil.......
https://www.reuters.com/business/energy/oil-gas-should-not-be-demonized-elon-musk-says-2023-12-16/
0.425p buy
Someone offloading, no support.
There were some sizeable stakeholders who offloaded at about £0.0120 about 4 months ago, it would be good to see some of the big players showing their support and confidence in the ability to deliver,
TR1 will reveal
Post License Extension Rns
so this is new.....
post Highlights:
- Two-year extension of the Jamaican Walton Morant Licence to 31 January 2026.
- Large 22,400km2 offshore exploration block situated to the south of the island of Jamaica.
- 2.4 billion bbl of unrisked mean prospective resource potential audited by Gaffney Cline & Associates, including the initial drill ready Colibri prospect of 406 million barrels of unrisked mean prospective resources.
- Attractive fiscal terms and supportive host government.
- Potential NPV10 of c. $23 billion* to United at 100% working interest over the c. 25-year production life of the licence based on successful discovery and development of the 2.4 billion bbl of unrisked mean prospective resource potential.
- Success-case breakeven oil price of c. $25 per bbl*.
- Conventional exploration and potential development techniques, featuring the potential for a low carbon emissions oil development.
- Significant interest from potential industry partners with marketing to scale up considerably following confirmation of licence extension
Eall
Nothing new, still no interested parties.
But let's not read one rns let's read every rns and here's something you won't speak about in any of your posts.
United Oil & Gas Plc (AIM: "UOG"), the full-cycle oil and gas company with a portfolio of production, development, exploration and appraisal assets announces that it has received a default notice ("Default Notice") from Kuwait Energy Egypt Limited ("Kuwait Energy" or "Operator") for a total of USD $3,822,143 for outstanding cash calls in relation to the Abu Sennan concession. Pursuant to the joint operating agreement ("JOA") relating to the Abu Sennan concession, the Company has 30 days ("Default Period") to remedy the default from the start of the default period which is 28 January 2024.
And let's not forget the bp debt.
The Company is in discussions with its debt provider (current balance owing USD $1.089 million) and will update the market in due course.
Feb 27th and due course for news.
Not very clued up are you eall
Post License Extension Rns
so this is new.....
post Highlights:
- Two-year extension of the Jamaican Walton Morant Licence to 31 January 2026.
- Large 22,400km2 offshore exploration block situated to the south of the island of Jamaica.
- 2.4 billion bbl of unrisked mean prospective resource potential audited by Gaffney Cline & Associates, including the initial drill ready Colibri prospect of 406 million barrels of unrisked mean prospective resources.
- Attractive fiscal terms and supportive host government.
- Potential NPV10 of c. $23 billion* to United at 100% working interest over the c. 25-year production life of the licence based on successful discovery and development of the 2.4 billion bbl of unrisked mean prospective resource potential.
- Success-case breakeven oil price of c. $25 per bbl*.
- Conventional exploration and potential development techniques, featuring the potential for a low carbon emissions oil development.
- Significant interest from potential industry partners with marketing to scale up considerably following confirmation of licence extension.
Jono44
Read January 25 rns
Jono44
you have no clue what you talking about,
Oil price is important for new investors to invest in oil companies, whether its Exploration or oil producing.
another pointy is Break even point.
UOG Jamaican oil break even is $25 only!!!
now every dollar is worth millions to the producers.
so all is linked
UOG No longer an oil producer so oil price is irrelevant.
Interested parties already had a look and walked away.
Https://oilprice.com/Latest-Energy-News/World-News/OPEC-Sees-Strong-Long-Term-Oil-Demand.html
commentary :
Oil remain strong for the long term, demand is getting stronger as the world population grows rapidly
Oil remain strong for the long term, demand is getting stronger as the world population grows rapidly