United Oil & Gas Management Presentation
UNITED OIL & GAS Walton Morant Licence | Management Presentation
WALTON MORANT, JAMAICA - RECAP
World-class frontier exploration opportunity
Excellent database
• Over $40m invested since 2014
Hertford-1
.
Modern 2D and 3D seismic in key areas of prospectivity
Compelling evidence for a working petroleum system
•
.
Onshore/offshore oil seeps; Shows in all 11 previous wells
High-quality source, reservoir, and sealing lithologies all present in the
directly analogous onshore
Numerous, material, drill-ready prospects identified
•
2.4 billion barrels of mean unrisked resource potential across 11
potential targets
Drill ready Colibri contains 406 mm barrel recoverable unrisked mean
resource potential
Positively engaged Government and attractive fiscal terms
Standalone success-case NPV for Colibri of $4bn
•
Success-case breakeven oil price of c. $25 per barrel
1 Unrisked Mean Prospective Resources per GaffneyCline Report, 2020; 22.4Bnbbls is UOG's arithmetic sum of the Unrisked
Mean Prospective Resources for each prospect/lead; 3 United calculation based on development concepts by OPC; Definitions:
mmbbls - million barrels of oil
E
Lucea
Windsor-1
Retrieve-1 Cockpit-1
Hopewell
Content-1
Litchfield
Santa Cruz-1
Onshore and
offshore oil
seeps
Portland Rid-1
Litchfield Seep (CGG, 2018)
Arawak-1
Blower Rock
Pedro Bank-1
LO
5
High quality source and reservoir
rock sampled in the onshore
WSW
ENE
Mid Miocene
Late Eocene
Early Eocene
Top Colibri
>4,500
m/s
<2,500
2km
Drill-ready Colibri
structure, mapped on
good quality 3D
seismic, with
distinctive, conformable
velocity anomalyView entire presentation