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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Westmount Energy Limited | WTE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.025 | -1.72% | 1.425 | 12:44:45 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.45 | 1.425 | 1.45 | 1.425 | 1.45 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 18/3/2022 16:52 by ratiopetrolguy This Eco deal bad for us the value downBut we hv 5 million pound in eco shares And we hv gazania drill , kaieteur drill, orduink drill, block 4b drill , canje drills, Namibia 3d sisemic , A lot of exposure to best assets in oil world But I think wte need to purchase more stocks in eco to be 5% stake owner so if made discovery it's game changer for us also |
Posted at 18/3/2022 10:06 by mr hangman Would be interesting to know how much WTE paid for their stake in JHI, I have a feeling Gil Holzman, has bent you guys over pulled your pants down & done you with a massive strap on, but there is a silver lining you have some ECO shares |
Posted at 15/3/2022 14:26 by ratiopetrolguy Somebody know how much shares wte will give buy eco |
Posted at 23/2/2022 13:55 by ratiopetrolguy We hv 3 infulence drills this year:1. Gazania q3 wte hv 1,500,000 eco shares Discovery make this invest to be worth 6 million dollarals 50% upside. 2.kaieteur block q4 drill , wte hv 5% hold in catalaya inc. if the made discovery the make ipo with 1 billion worth wte make 150% profit and upside. 3.canje block q4 - wte hv 7.7 % at jhi stocks if make discovery it's will worth 30 million pounds 200% upside.. So be patient the chances with us!!!! |
Posted at 18/2/2022 12:14 by ratiopetrolguy So if the gazania 1 will be discoveryThe 1,500,000 eco shares that hold buy wte will worth 5 million dollars |
Posted at 17/2/2022 09:58 by aberloon2 Does WTE still hold 1,500,000 shares in ECO? |
Posted at 19/1/2022 09:23 by mick A pity WTE didn't increase its stake in JHI. |
Posted at 13/1/2022 11:33 by corrientes rpG - this'll continue to go up, but I'm not sure whether your ramping might cause some punters to hesitate because you make WTE look like yet another useless oil spec. That suits me just fine at the moment. |
Posted at 14/10/2021 12:08 by robs12 @bionicdog - I don't think so. People just catching on to the potential here and that a result is just days away. Doesn't take much volume at all to shift the share price a lot here, it is very tightly held.WTE holds 7.2% of JHI, who in turn have 17.5% of the Canje block - so an effective 1.26% of the block. Sapote-1 is described as potentially the largest drill on Canje to date, and Jabilo-1 (previous drill) was targeting 1Bnbbls. So if a positive result and commercial, WTE should have at least 1.26% x 1bn = 12.6Mbbls, worth at say $10/bbl, approx £92m - on this well alone. WTE market cap is ~£20m after yesterday's and today's rises. With another 12 drills lined up starting Q1 next year, and seven prospective areas identified so far, then the potential at Canje is huge. hxxps://oilnow.gy/un Of course, what WTE is worth will be down to what JHI is worth and what they do. JHI's plan is to (hopefully) make the discoveries then sell up. I suspect there will be many suitors knocking on JHI's door if things go well. WTE have talked of a potential RTO previously - guess that might be another route... And that's without even taking Kaieteur into account.. |
Posted at 12/8/2021 12:30 by phoebus_av WTE looks fantastic value at these levelsHuge thanks again Harel for posting such excellent information. The news that Exxon is seeking to undertake a 12 well campaign on Canje is massive news for WTE and transforms the outlook for the company and the shares. Despite being about to drill Sapote-1, the biggest drill for WTE in terms of net barrels and closest to the main action on the massively successful Stabroek Block and Block 58, the market seems to have practically written off WTE and is pricing it as if this next drill is last chance saloon for the company when nothing could be further from the truth. With further drill program announcements due soon on Kaieteur, thanks again Harel, and ECO expecting to announce drill plans on Orinduik by end Q3, it seems that WTE may soon have exposure to an extraordinary number of wells in Guyana over the coming 18 months making the current share price an absolute steal. WTE first entered Guyana in February 2017 when it took part in ECO's listing placing on the LSE. At that time only the Liza, Liza Deep and Payara discoveries had been made on the Stabroek Block. Since then Exxon has made over 20 discoveries on block totalling over 9 billion barrels, several discoveries have been made on the adjacent Block 58 in Suriname and a few others in other adjacent blocks. During this time WTE has steadily built a portfolio of indirect interests in three licences adjacent to Stabroek and one in Suriname via shareholdings in JHI, Cataleya, ECO and Ratio. This has been largely funded using WTE shares issued at an average of around 12.25p over this period, a 50% premium to the current share price The fact these holdings are indirect means that WTE will not have to go cap in hand to shareholders to fund the huge number of wells expected, but can sit back and enjoy the ride. Although modest in percentage these interests give WTE exposure to P50 net recoverable in the order of 150 MMB. Previously Stabroek partners suggested that due to extremely low break evens that barrels in the ground in this area are worth around $7 per barrel, which puts WTE's blue sky potential at around £750M or 520p per share as against a current market cap of only £12.M and 8.5p share price. Clearly that will not all be realised, but it will take very little in the way of success to seriously move the needle here and it looks like WTE is going to have a huge number of largely Exxon operated rolls of the dice to do so. The shareholder register is also very interesting with several directors holding significant positions in the company including Chairman Gerard Walsh 8.28%, Dermot Corcoran 3.64%, ex-Cove CEO John Craven 3.64% and ex-Cove Chairman Tom O’Gorman 3.23%. It should be noted that Cove Energy was a huge success story with the directors turning it from tiny exploration company with minority stakes in oil major operated blocks in a prolific area into a £1.2 billion takeover success story. Sound familiar? I think these guys know a good thing when they see it. Given the unprecedented exploration success in Guyana and Suriname, WTE's increased investment in the adjacent blocks funded at a significant premium to the current SP, the huge number of mostly Exxon operated wells WTE have to look forward to at no extra cost, the large oil potential for such a small market cap and the major BOD holdings and great track record, it is remarkable that the share price is currently at the lowest since WTE first moved into Guyana more than 4 years ago. Draw your own conclusions, but for me, this is a very strong buy at these levels. |
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