RE: Context Summary Of A Tiny Global Oil Firm UOG PLC29 May 2025 13:07
Better BL interview than a few weeks ago; shallow water, only letting companies that can write a cheque.
was talking about a $50 million project, Walton basin lower hanging fruit - $25 million of seismic sitting on; Morant bigger but harder to exploit.
to identify hydrocarbon system. Excuses for late permitting but good relationship with Jamaican authorities. Discussed SP rise and recent fall; stock momentum. Want to get farm out over the line: farm out giving equity but retain operatorship short term; good relationship; would like to look back with people making a fortune; Fundamentals strong again. Company clearly undervalued with security of tenure. Fully focused on unlocking value.