Research Vessel Reaches Jamaica to Confirm Massive Oil Find

0:00 Guys, welcome back to the program. Well, oil oil oil Jamaica Jamaica Jamaica. So, what's happening is that a research vessel is on its way from Trinidad to really look into what is happening in Jamaica in terms of advancing the Walton Morant license exploration program. 7.1 billion barrels of prospective resources offshore Jamaica. Really happy for that. If that really comes true, that's going to be really, really cool. Now the strategic unlock at a glance. The prize is the Walton Morant license zone which holds an unrisk prospective resource of over 7.1 billion barrels. The action a research vessel RV guy is deploying to conduct advanced seabed surveys offshore Jamaica. What is the objective here? Uh

0:47 to confirm the presence of hydrocarbons commercial crude really versus nonpetroleum substances. And the strategy here is a capital efficient approach to validate an active petroleum system and attract partners for future drilling. So Jamaica is looking down 7.1 billion barrels of unrest prospective resources. And Jamaica has attracted petroleum interests for years based on sesmmetic data suggesting substantial deposits. However, a critical gap remains distinguishing oil like substances seen in previous surveys from definitive definitive commercially viable crude. So, they've been seeing things over the years, but no one has really really put a handle on it. So, this is going to take place now to ensure or to see if Jamaica really has

1:34 that 7.1 billion barrel of oil show. That's going to be something else. I can tell you that. Now we're balancing exploration potential with capital uh discipline. So the traditional part really is exploratory drilling high capital requirement which is the US 30 million. It requires external funding partners and immediately to do so it's very very high cost. The current strategy really um is that is a seabed survey which is a cost effective derisking. um it validates hydrocarbon presence first and the prerequisite is actually to attracting partners. So what you have here is the high cost you have to do um a strategic value. So the service basically unlocks drilling capital. The

2:21 service success unlocks the drilling capital. It's very very high cost to do these things. So they're looking at that right now. Then you have the mobilization of the RV GIA. Now the operator is TDI Brooks International. It departed Trinidad around the 24th to the 25th. Arrival is expected on the 27th in Kingston, Jamaica. The immediate deployment to Walton Moran zone. So this survey basically represents a key milestone in advancing Jamaica's exploration program according to CEO of United Oil and Gas. So they're the ones really carrying out the project. So they're validating the petroleum system. It's a three-phase technical workflow. One of course is the mapping which is the multi-beam echo sounder surveys. identify the seabed features anomalies. So they're looking to see what is there

3:06 uh in mapping they're going to look there to see what is really on the seabed what is the feature what is the anomaly and two they're going to measure which is a heat flow measurement to detect thermal anomalies linked to hy hydrocarbon systems. So first they map then they measure the heat flow uh heat flow um just to see whatever thermal anomalies are under there which could be linked to hydrocarbon systems or commercial oil and of course of course in number three you have a sample being taken up as a physical sediment to test for hydrocarbons. So it's a process it's a process a three-phase technical workflow going on. All right. Then of course they're targeting the seafloor anomalies. So what they're going to do

3:53 is where scientists are targeting specific depressions and pock marks, right? Some hundreds of meters in diameters that suggests active hydrocarbons. All right. The critical test is distinguishing between the oil like substances and crude oil itself. Okay. That is what they're going to be doing. They're on the hunt to see what is happening. So there are some depressions on the seabed some of them hundreds of meters in diameter which suggests that there's active carbon hydrocarbons or commercial oil may be present. So the test of course is going to distinguish between the oil like substances and the crude oil. Now samples will be shipped to TDI Brooks US laboratory. Rigorous chemical analysis will be done to identify the unique

4:39 fingerprint of a working petroleum system and of course the results will play a central role in the risking the license and informing future strategic decisions. So after the test is done samples are going to be going to the laboratories right TDI Brooks US laboratories interesting US again rigorous chemical analysis to identify the unique fingerprint of working on the petroleum system. So once it's present, they're going to have to get a a chemical analysis there, identify the unique fingerprint of working on the petroleum system and the results of course going to play a critical role in the risk in the license and informing future strategic decisions. So if there's actually oil there, crude oil, commercial grade, well of course then you know um they're going to have to be licensed and stuff like that and this is

5:25 going to inform where a license comes and how they move forward. 2026 will be a critical part and a milestone of course because you have the arrival and start you have the preliminary results expected in one to two months so you're looking at uh February March so maybe in April you should have something so mid 2026 final analysis could be done comprehensive lab reports delivered by mid 2026 and then you have a strategic decision to make where partnering search based on confirmed data so you have arrival which is going on now then you're going to have the um preliminary results in quarter 1 and quarter two. You have a final analysis here which is going to come somewhere in mid 2026 so maybe around June. And of course a strategic decision comes after that where you look for partners to start

6:10 doing the commercial drilling and get oil out of the ground. It's going to be something else. I tell you it's going to be good for Jamaica. I can tell you that. And of course in the end we are locking the value of the Caribbean because really and truly we're bridging the gap between 7.1 billion prospect and a commercial reality. The next step of course is the technical certainty secures it around US 30 million funding for drilling. So you have to drill that's going to cost $30 million US and then of course United Oil and Gas is executing a clear road map to validate Jamaica's any future energy future. So guys, this is going to take almost like a year to see what is happening and you guys have to make about a year to come through basically some couple months in this year and um if it comes through that we have commercial oil in Jamaica, it's going to be a good thing for

6:55 Jamaica and I wish the people of Jamaica all the best in this of