UOG Found a Farm in Partner

[wbvs]

• UOG’s Walton-Morant Basin holds 2.4 billion barrels in prospective resources.

• The company is already in NDA-covered farm-out talks with oil majors and seeking $50 million to drill the first well.

• With the licence extended to 2028, the project has breathing room — and strategic interest is clearly building.

⸻

Why Petrojam Makes Sense

• Minister Daryl Vaz has reportedly pushed for local participation or a 40% national benefit.

• If so, Petrojam could be the state vehicle to deliver that — either through offtake, equity, or joint development.

• State involvement would de-risk the project politically, encourage farm-in partners, and anchor UOG’s long-term value.

⸻

⚡ Bottom Line

If UOG is in advanced talks with Petrojam, this is no longer just an exploration story — it becomes a nation-backed energy project.

That would mean:

• Serious re-rating potential

• A stronger farm-out position

• Long-term production pathway already forming

With a sub-

[wbvs]

Thank you tiger,i do take credit for NEPA and Petrojam alot here wernt familiar with these organization....

Jamaica State Oil Firm Farm in might excel 1

[wbvs]

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[wbvs]

• Opportunity to participate in unlocking the entire undrilled but highly

• prospective Cretaceous & Cenozoic basins offshore southern Jamaica.

• Just part of the 22,400 km2 Block being offered could contain the entire area

• of the Golden Lane Trend discovered in the Suriname-Guyana Basin.

• Huge Running Room - Combined 7.3 Bn bbls mean resource potential in 40 (2D &
3D) defined Prospects & Leads:
o Est. Mean 938 MMbbls(2+ Bn bbls upside) in just 5 Walton Basin Prospects mapped in area of existing 3D seismic.
o Additional Mean/mid-case 6.34 Bn bbls estimated in other 2D defined prospects capable of upgrade with new 3D.
• Favourable fiscal regime ensures attractive economics & low commercial thresholds where drill- ready
Colibri Prospect est. 406 MMbbls rec. mean resource potential - Commercial even at US$ 25/bbl.
• Very encouraging ADF pilot study of frequency-dependent fluid dispersion work strongly supports
presence of active hydrocarbons associated with Colibri prospect which reduces mature source risk.

• • 2-year Licence Extension granted to Jan 2026 with low-cost (up to US$ 3 million) work obligationsincluding
• a Piston Core Survey + Seismic Reprocessing.

[wbvs]

Price: 0.20

No Opinion

UOG PLC can spend 1 million USD At Colibri i.e prerequisite satisfiedToday 01:04

The Contract read ,'up to 3 million USD...

A 1 million dollar spent satisfied contract prerequisite.

And do a small scale farm out with petrojam

Just to let the contract ride out ....UOG DONT

HAVE TO RAISE THREE MILLIONS ,[1 MILLION USD IS SATISFACTORY ] the goal is to get colibri up and running

To satisfy 1Petroleum Well obligation


Note○Link to LSE in Heading

[wbvs]

Opportunity to participate in unlocking the entire undrilled but highly

prospective Cretaceous & Cenozoic basins offshore southern Jamaica.

• Just part of the 22,400 km2 Block being offered could contain the entire area

of the Golden Lane Trend discovered in the Suriname-Guyana Basin.

• Huge Running Room - Combined 7.3 Bn bbls mean resource potential in 40 (2D &

3D) defined Prospects & Leads:

o Est. Mean 938 MMbbls(2+ Bn bbls upside) in just 5 Walton Basin Prospects mapped in area of existing 3D seismic.

o Additional Mean/mid-case 6.34 Bn bbls estimated in other 2D defined prospects capable of upgrade with new 3D.

• Favourable fiscal regime ensures attractive economics & low commercial thresholds where drill- ready

Colibri Prospect est. 406 MMbbls rec. mean resource potential - Commercial even at US$ 25/bbl.

• Very encouraging ADF pilot study of frequency-dependent fluid dispersion work strongly supports

presence of active hydrocarbons associated with Colibri prospect which reduces mature source risk.

•☆☆☆☆ 2-year Licence Extension granted to Jan 2026 with low-cost (up to US$ 3 million) work obligationsincluding

a Piston Core Survey + Seismic Reprocessing.