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UOG Found a Farm in Partner

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  • #1

    UOG Found a Farm in Partner



    • 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-
    Tags: None
  • #2
    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

    Comment

    • #3

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      • #4
        • 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.
        Last edited by wbvs; June 16, 2025, 07:36 PM.

        Comment

        • #5
          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

          Comment

          • #6
            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.

            Comment

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