Tweet
Based on the correspondence I shared and the latest publicly available information as of November 10, 2026, United Oil & Gas PLC has not publicly identified the company expected to become its Jamaican farm-out partner.
However, there are some important developments worth noting.
What we know about the potential partner
1. Several interested parties: United Oil & Gas disclosed in June 2026 that it was engaging with several potential partners under non-disclosure agreements (NDAs). It described the counterparties as being of a high calibre.
2. October 20, 2026 announcement: CEO Brian Larkin confirmed that the company's immediate focus remained on concluding the farm-out process. No partner was named.
3. October 21, 2026: The Jamaica Gleaner reported that the company had completed its drilling rig and logistics study, strengthening its preparations for a potential exploration programme. Again, no farm-in partner was disclosed.
4. The financial commitment: The incoming partner would likely need to contribute substantial funding towards offshore exploration, potentially including an initial well estimated to cost approximately US$30 million or more.
My assessment of Richard Martin's correspondence
Richard's response is particularly interesting.
He initially indicated that he would consult a director in Houston through his US oil and gas advisory network. However, Brian Lidsky's subsequent response makes it clear that he was unwilling to disclose any additional information.
This does not establish that Richard's contacts had identified a prospective partner. Nor does it establish that negotiations have reached an advanced stage.
However, there are some important developments worth noting.
What we know about the potential partner
1. Several interested parties: United Oil & Gas disclosed in June 2026 that it was engaging with several potential partners under non-disclosure agreements (NDAs). It described the counterparties as being of a high calibre.
2. October 20, 2026 announcement: CEO Brian Larkin confirmed that the company's immediate focus remained on concluding the farm-out process. No partner was named.
3. October 21, 2026: The Jamaica Gleaner reported that the company had completed its drilling rig and logistics study, strengthening its preparations for a potential exploration programme. Again, no farm-in partner was disclosed.
4. The financial commitment: The incoming partner would likely need to contribute substantial funding towards offshore exploration, potentially including an initial well estimated to cost approximately US$30 million or more.
My assessment of Richard Martin's correspondence
Richard's response is particularly interesting.
He initially indicated that he would consult a director in Houston through his US oil and gas advisory network. However, Brian Lidsky's subsequent response makes it clear that he was unwilling to disclose any additional information.
This does not establish that Richard's contacts had identified a prospective partner. Nor does it establish that negotiations have reached an advanced stage.