Kosmos Energy Share Price (KOS)

Here are the key takeaways:

​Potential Oil Discovery: Following tests off the south coast earlier this year that identified hydrocarbons, Jamaica is closer to a "drill decision" than it has been in the past. While commercial production is still years away (likely the mid-2030s if successful), the results have been described as "very positive" by the Jamaican government.

​Economic Drivers: Jamaica imports all of its fuel, costing the country roughly $1.5–$2 billion annually. Proponents argue that the country needs to pursue these oil reserves to achieve energy security and fund improvements in healthcare, education, and social infrastructure, especially given the country's economic struggles post-pandemic and the impact of recent disasters like Hurricane Melissa.

​Environmental Conflict: The prospect of drilling has drawn sharp criticism from environmentalists. Critics argue that pursuing fossil fuels contradicts Jamaica's global advocacy for a fossil fuel non-proliferation treaty and its commitments to protect coastal ecosystems like mangroves and coral reefs. They also emphasize that the island is highly vulnerable to the climate crisis and that the potential for an oil spill poses a catastrophic risk to its tourism and fishing industries.

​The Dilemma: The article highlights a broader, difficult debate for developing nations in the region: the choice between maintaining a "moral high ground" regarding the global transition to green energy versus the urgent, "bread-and-butter" necessity of generating revenue and reducing debt.

United Oil & Gas Plc (AIM: UOG), the oil and gas company with a high-impact exploration asset in Jamaica and a development asset in the UK, is pleased to provide an update on the analysis of piston core samples from its recently completed Seabed Geochemical Exploration ("SGE") survey over the Walton-Morant Licence offshore Jamaica.

United has undertaken a geochemical analysis on the 42 piston cores acquired across the Walton-Morant Licence. The analysis has identified C4 and C5 hydrocarbons, including butanes and pentanes, in select piston cores within the headspace gas dataset. United note that these higher order hydrocarbons are not typically associated with biogenic gas systems and are therefore consistent with a potential thermogenic contribution.

There is an established body of evidence for an active petroleum system in Jamaica in general, and on the licence in particular, including repeat satellite slick anomalies, thermogenic hydrocarbon geochemistry from existing onshore and offshore wells, onshore and offshore oil seeps, and onshore surface outcrops. Furthermore, petroleum systems modelling suggests the presence of oil-mature source rocks. The 2026 SGE survey is the first on the licence to be optimally positioned using 3D seismic, multibeam echosounder (MBES) seabed mapping, and satellite-derived slick anomaly data. Taken together, the data are interpreted as consistent with an active petroleum system offshore Jamaica.

United will integrate the results into its geological understanding and risking models, and the dataset will support ongoing technical evaluation and farm-out discussions.

Brian Larkin, CEO of United Oil & Gas, commented:

"The 2026 piston core survey results represent an important step forward in our understanding of the Walton Morant licence. We have identified butane and pentane hydrocarbons in the analysis. These results enhance our understanding of the licence and provide an important input as we advance towards a drilling decision. We look forward to integrating the results into our subsurface work and continuing to progress discussions with interested parties. We believe United's technical evaluation of the licence's potential will support our ongoing farm-out process as we work to advance this world-class licence which contains approximately 7 billion of prospective resources."

Qualified Person Statement

Paul Ryan, who has over 20 years of relevant experience in the oil and gas industry, has reviewed and approved the information contained in this announcement. Paul Ryan is a qualified person as defined in the guidance note for Mining Oil & Gas Companies of the London Stock Exchange and is a member of the Geoscience Exploration Society of Great Britain (GESGB), the American Association of Petroleum Geologists (AAPG) and the Society of Petroleum Engineers (SPE).

Kosmos energy need to jv with uog plc and the Walton Morant License.I think Jamaica fits kosmos energy DNO IMO GLA

In your dreams..

ConMan94, Kosmos only own just under 27% of GTA