United Oil & Gas to start drilling key prospect within 18 months

United Oil & Gas, a newly floated Irish oil and gas exploration company, is less than 18 months away from drilling its flagship Jamaican prospect after receiving 3D-survey imaging of the licence.

In an announcement to the stock market last week, the company said it had received survey data that identified a high-grade target, which it said was of “excellent quality” after a programme of seismic imaging of 2,250 square kilometres of the ...