RE: NPV of $70 Billion! UOG next multi bagger!7 Nov 2024 11:06
Jamaican farm out is ‘Life changing’ those are the very words used.
‘Production expected to start 2025 the prospects are “truly life-changing, truly mind-blowing,” noting that a discovery “can double the island’s gross domestic product. The scale is quite substantial,” he pointed out, noting that “we are looking at early commercialization.”
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.
“We 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,”
Current entry as we edge a day closer is an absolute steal!
IMHO DYOR GLA