("United" or "the Company")
United signs Vessel Contract for
This milestone comes as
Highlights:
· Contract signed with
· The programme comprises the collection of 40 to 60 seabed cores from the Walton and Morant Basins, together with bathymetric, multibeam, and heat-flow surveys.
· Operations expected to last two to three weeks; initial results expected early Q1 2026
· Represents critical technical de-risking step supporting ongoing farm-out discussions and shareholder value creation.
· Port infrastructure remains operational, with inspection and readiness procedures being coordinated with the relevant Jamaican authorities.
Survey Scope and Strategic Context
The piston coring and surface geochemical campaign, to be conducted by
The survey will acquire seabed core samples and supporting datasets designed to confirm the presence of thermogenic hydrocarbons, refine basin modelling, and enhance the definition of key prospects, including Colibri and Oriole.
Collected data will be analysed for geochemical and thermal signatures to confirm the presence of a working petroleum system offshore
The survey operations are expected to take two to three weeks, with initial analytical results expected in early Q1 2026.
Commitment to
United continues to work closely with the
The Company recognises the challenges faced by coastal and fishing communities, particularly in the west, and will maintain engagement through its Country Manager in
"While Jamaica focuses on recovery from the recent hurricane, United remains fully committed to supporting the country and advancing our planned operations responsibly and is working with local authorities to support relief efforts. Further updates will be provided in due course."
Signing the vessel contract with
The piston coring and geochemical survey will provide vital new data to confirm the presence of hydrocarbons and materially de-risk the
This programme represents a key value catalyst for United, strengthening our technical position and supporting our drive toward a successful farm-out and future drilling activity."
Further supporting materials are available on the Company's website.
Brokers
The Company confirms that
**ENDS**
APPENDIX
Additional Information and Resources
· Independent Risking Review Study (September 2025):
https://www.uogplc.com/wp-content/uploads/2025/09/UOG-Risking-Review-Sept-25.pdf
· Piston Coring Presentation (October 2025):
https://www.uogplc.com/wp-content/uploads/2025/10/Jamaican-Piston-Core-Presentation-Oct-2025.pdf
· Investor Presentation Recording:
https://www.youtube.com/watch?v=_Xcx4SV2zrE
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Enquiries |
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Beaumont Cornish Limited (Nominated Adviser) |
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+44 (0) 20 7628 3396 |
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+44 (0) 20 7186 9030
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+44 (0) 207 186 9900 |
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Notes to Editors
The business is led by an experienced management team with a strong track record of growing full cycle businesses, partnered with established industry players and is well positioned to deliver future growth through portfolio optimisation and targeted acquisitions.
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