RE: Sub Β£2m cap π11 Apr 2025 08:59
A well will likely be drilled in 2025. United has a 100 % working interest. Authorities also recently granted United a two-year extension on production sharing and other arrangements to keep it at the forefront of efforts to make Jamaica an oil producer.
Of the 15 nations in the CARICOM grouping, Guyana, Trinidad, Suriname, and Barbados are actual producers, with Grenada, the Bahamas, and a few others showing interest in developing their untapped resources. Larkin says the firm will keep its faith in Jamaica.
βWe continue working to secure a strategic partner to unlock the immense potential within the license, including recent positive interest that has been shown by several parties. Following securing an extension to the license, our 2024 work program is underway, and we will update the market at the next suitable opportunity,β Larkin added.
A WELL WILL BE DRILLED 2025