RE: Has anyone seen this $23 billion NPV to UOG!13 Feb 2024 11:43
Hi petroinvestor, I have worth a look
taken from 25 Jan rns
Highlights: for UOG ❤️
- 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.