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United Oil & Gas Plc - Update on Walton-Morant Licence

United Oil & Gas Plc ("UOG", "United" or the "Company"), the London Stock Exchange listed oil and gas exploration and development company, is pleased to announce commencement of seismic acquisition on the Tullow Jamaica Ltd ("Tullow") operated Walton-Morant licence, offshore Jamaica.

Further to the announcement of 2 March 2018, the Company is pleased to report the commencement of seismic acquisition in the Walton Morant licence, offshore Jamaica.  "Polarcus Adira", a vessel contracted to acquire 2,250km2 of 3D seismic, arrived in Kingston on Friday 23 March 2018.  After a quick turnaround, the vessel departed for deployment on the Sunday 25 March 2018, with data acquisition successfully commencing on 3rd April 2018.

The seismic acquisition is expected to take approximately 8 weeks and is centred on the high-graded Colibri prospect.

 

United Oil & Gas Plc, Brian Larkin

 

"We are very pleased with progress to date on our Jamaica licence and we look forward to seeing the initial results. We will update shareholders on completion of the survey in approximately eight weeks. In addition, we continue to evaluate similar high impact licences in neighbouring regions, which we believe could offer transformational growth opportunity, as we look to develop our business".

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014

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