United Oil & Gas commissions drilling feasibility study for Jamaica’s Walton-Morant licence

United Oil & Gas PLC (AIM: UOG) has commissioned a drilling feasibility study for its Walton-Morant offshore licence in Jamaica’s Gulf of Mexico, engaging NRG Well Management to assess rig availability, market rates and procurement timelines. The 22,400-square-kilometre licence holds over 7 billion barrels of prospective resources, including the Colibri prospect (406 million barrels) and Thunderball lead (603 million barrels), though water depths of up to 1,900 metres at Thunderball may pose operational challenges. The study, due in coming weeks, will evaluate day rates, long-lead equipment procurement and logistics across the region’s ports in the Gulf of Mexico, Guyana, Suriname and Trinidad, without committing to drilling. Any future programme remains contingent on Jamaica’s regulatory approvals and commercial agreements.