Share Name Share Symbol Market Type Share ISIN Share Description
Westmount Engy. LSE:WTE London Ordinary Share GB00B0S5KR31 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25p -4.44% 5.375p 5.00p 5.75p 5.625p 5.375p 5.625p 14,984.00 11:18:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -0.4 -2.6 - 1.21

Westmount Energy Share Discussion Threads

Showing 1876 to 1898 of 1900 messages
Chat Pages: 76  75  74  73  72  71  70  69  68  67  66  65  Older
DateSubjectAuthorDiscuss
23/2/2016
16:30
Rumours of a major new COVEesk deal in the offering for WTE via John Craven & the ex Cove lads!?!?!
liquid millionaire
23/2/2016
16:15
The boys behind that serious multi bagger namely AIM listed [now taken over] Cove Energy are now at WTE
liquid millionaire
02/2/2016
08:56
The February oil stock challenge is still on....deadline for entries is midnight on Tuesday, i.e. tonight. http://uk.advfn.com/cmn/fbb/thread.php3?id=35085591
flyingbull
11/1/2016
12:30
What is their current holding in FOGL?
packman8
20/11/2015
08:25
Mr John Craven and Mr Dermot Corcoran
liquid millionaire
20/11/2015
08:05
20 November 2015 Westmount Energy Limited ("Westmount" or the "Company") Final Results The Company is pleased to announce it's Final Results for the year ended 30 June 2015. A copy of the results is available on the Company's website, www.westmountenergy.com, and will be posted to shareholders today. Notice is hereby given that the Annual General Meeting of Westmount will be held at No 2 The Forum Grenville Street, St Helier, Jersey, JE1 4HH, Channel Islands on 11 December 2015 at 11:00 am. CHAIRMAN'S REVIEW The past year has been very challenging for investors in Oil & Gas assets. During the year under review your Company had a loss of £222,239, with administrative expenses reduced to £126,754. As reported at the interim stage the Board has financed the ongoing corporate overheads of the company by disposing of shares in the portfolio; 200,000 shares in Sterling Energy Plc were sold during the year and since the year end the board has had to dispose of 250,000 shares in Falklands Oil & Gas Limited ("FOGL") to finance ongoing administration costs. Proposed Placing and Open Offer Despite the challenging industry conditions, the Directors still believe that there will be opportunities for investment in the sector and want the Company to be able to take advantage of attractive opportunities should they arise. In an effort to put the Company on a sounder financial footing and provide funds for working capital and investment, the Board has agreed to a conditional placing and Open Offer to existing qualifying shareholders (on a 1 for 1 basis) to issue up to a total of 15,830,300 new ordinary shares at a price of 4p per share to raise up to a total of £633,212 before costs The directors will subscribe for their pro rata entitlements in the Open Offer and a total of 6,000,000 new ordinary shares ("the Subscription") has been conditionally placed with two new investors, Mr John Craven and Mr Dermot Corcoran, who are investing in a private capacity. The Board believes that the placing and Open Offer provides new capital for the Company which together with the new shareholders will further enhance the Company's growth prospects. Further details of the Subscription and Open Offer are set out in a circular sent to shareholders today. The proposed Subscription and Open Offer, while raising a modest amount, in fact more than doubles the size of the share capital of the Company, which the Board believes is appropriate as the Company needs to increase its market capitalisation and resources if it is to be taken seriously going forward. The Board requires shareholder approval to amend the nominal value of the Company's ordinary shares in order to complete the Subscription and Open Offer ("the Resolutions"). The Resolutions will be put to shareholders at a General Meeting of the Company convened for 11 December 2015. The Board unanimously recommends that the all shareholders vote in favour of the Resolutions. Portfolio Westmount's portfolio of energy shares is mainly focused on the Falkland Islands where our largest holding, Falklands Oil & Gas Limited, is currently drilling. In conjunction with its partners, FOGL has this year drilled two oil discoveries in the North Falkland basin. The Zebedee well was an oil and gas discovery announced on 5 April 2015 and extended the Sea Lion field. The second, Isobel Deep oil discovery announced on 28 May 2015 has opened up a new play with exploration upside and could be revisited for a further well later this year. A consortium involving FOGL recently completed drilling the Humpback prospect in the South Falklands basin. The Humpback well was drilled to a total depth of 5,136 meters (measured depth). The well encountered non-commercial quantities of oil and gas within a number of sandstone intervals. The rig will shortly return to the North Falklands Basin to drill a second well on the Elaine/Isobel fan complex. The Elaine/Isobel fan complex, based on the operator's estimates, has multiple reservoir targets and gross mean un-risked resources of 400 million barrels of oil. In addition, your company has a holding in Argos Resources Ltd ("Argos") which has recently completed a transaction with Noble and Edison. The transaction provides Argos with exposure to a well on the Rhea prospect on licence PL001 in the North Falklands basin which should be drilled in the fourth quarter, without any financial exposure to Argos. I remain hopeful that with further exploration and appraisal wells to follow that the FOGL and Argos share price have potential for improvement. New Ventures Over the past year, the fall in the oil price together with the risk off investment environment has resulted in a difficult environment to evaluate, execute and finance merger and acquisition activity in the energy sector. As we have seen, share prices across the sector have been adversely affected, in particular companies exposed to high cost production and debt have been the hardest hit. Given the new oil price environment, efforts are continuing to find a suitable transaction for investment and we continue to engage in discussion with a number of entities as well as brokers and our advisors. I have found that, particularly where exploration teams are concerned, that we are competing with private equity groups, which given the Company's current size and financing ability makes it challenging. However, I remain hopeful of finding a suitable transaction and efforts will continue. The modest fundraising from the Subscription and Open Offer, the welcome addition of two experienced oil & gas executives and investors joining the share register together with the proposed amendments to the share capital should leave your Company in a stronger position and assist with the search and evaluation process. Finally, I take the opportunity to thank all our shareholders for your patience and support. GERARD WALSH Chairman
liquid millionaire
20/11/2015
08:05
20 November 2015 Westmount Energy Limited ("Westmount" or the "Company") Final Results The Company is pleased to announce it's Final Results for the year ended 30 June 2015. A copy of the results is available on the Company's website, www.westmountenergy.com, and will be posted to shareholders today. Notice is hereby given that the Annual General Meeting of Westmount will be held at No 2 The Forum Grenville Street, St Helier, Jersey, JE1 4HH, Channel Islands on 11 December 2015 at 11:00 am. CHAIRMAN'S REVIEW The past year has been very challenging for investors in Oil & Gas assets. During the year under review your Company had a loss of £222,239, with administrative expenses reduced to £126,754. As reported at the interim stage the Board has financed the ongoing corporate overheads of the company by disposing of shares in the portfolio; 200,000 shares in Sterling Energy Plc were sold during the year and since the year end the board has had to dispose of 250,000 shares in Falklands Oil & Gas Limited ("FOGL") to finance ongoing administration costs. Proposed Placing and Open Offer Despite the challenging industry conditions, the Directors still believe that there will be opportunities for investment in the sector and want the Company to be able to take advantage of attractive opportunities should they arise. In an effort to put the Company on a sounder financial footing and provide funds for working capital and investment, the Board has agreed to a conditional placing and Open Offer to existing qualifying shareholders (on a 1 for 1 basis) to issue up to a total of 15,830,300 new ordinary shares at a price of 4p per share to raise up to a total of £633,212 before costs The directors will subscribe for their pro rata entitlements in the Open Offer and a total of 6,000,000 new ordinary shares ("the Subscription") has been conditionally placed with two new investors, Mr John Craven and Mr Dermot Corcoran, who are investing in a private capacity. The Board believes that the placing and Open Offer provides new capital for the Company which together with the new shareholders will further enhance the Company's growth prospects. Further details of the Subscription and Open Offer are set out in a circular sent to shareholders today. The proposed Subscription and Open Offer, while raising a modest amount, in fact more than doubles the size of the share capital of the Company, which the Board believes is appropriate as the Company needs to increase its market capitalisation and resources if it is to be taken seriously going forward. The Board requires shareholder approval to amend the nominal value of the Company's ordinary shares in order to complete the Subscription and Open Offer ("the Resolutions"). The Resolutions will be put to shareholders at a General Meeting of the Company convened for 11 December 2015. The Board unanimously recommends that the all shareholders vote in favour of the Resolutions. Portfolio Westmount's portfolio of energy shares is mainly focused on the Falkland Islands where our largest holding, Falklands Oil & Gas Limited, is currently drilling. In conjunction with its partners, FOGL has this year drilled two oil discoveries in the North Falkland basin. The Zebedee well was an oil and gas discovery announced on 5 April 2015 and extended the Sea Lion field. The second, Isobel Deep oil discovery announced on 28 May 2015 has opened up a new play with exploration upside and could be revisited for a further well later this year. A consortium involving FOGL recently completed drilling the Humpback prospect in the South Falklands basin. The Humpback well was drilled to a total depth of 5,136 meters (measured depth). The well encountered non-commercial quantities of oil and gas within a number of sandstone intervals. The rig will shortly return to the North Falklands Basin to drill a second well on the Elaine/Isobel fan complex. The Elaine/Isobel fan complex, based on the operator's estimates, has multiple reservoir targets and gross mean un-risked resources of 400 million barrels of oil. In addition, your company has a holding in Argos Resources Ltd ("Argos") which has recently completed a transaction with Noble and Edison. The transaction provides Argos with exposure to a well on the Rhea prospect on licence PL001 in the North Falklands basin which should be drilled in the fourth quarter, without any financial exposure to Argos. I remain hopeful that with further exploration and appraisal wells to follow that the FOGL and Argos share price have potential for improvement. New Ventures Over the past year, the fall in the oil price together with the risk off investment environment has resulted in a difficult environment to evaluate, execute and finance merger and acquisition activity in the energy sector. As we have seen, share prices across the sector have been adversely affected, in particular companies exposed to high cost production and debt have been the hardest hit. Given the new oil price environment, efforts are continuing to find a suitable transaction for investment and we continue to engage in discussion with a number of entities as well as brokers and our advisors. I have found that, particularly where exploration teams are concerned, that we are competing with private equity groups, which given the Company's current size and financing ability makes it challenging. However, I remain hopeful of finding a suitable transaction and efforts will continue. The modest fundraising from the Subscription and Open Offer, the welcome addition of two experienced oil & gas executives and investors joining the share register together with the proposed amendments to the share capital should leave your Company in a stronger position and assist with the search and evaluation process. Finally, I take the opportunity to thank all our shareholders for your patience and support. GERARD WALSH Chairman
liquid millionaire
20/11/2015
08:00
Interesting developments imho at WTE
liquid millionaire
20/11/2015
08:00
Interesting developments imho at WTE
liquid millionaire
02/4/2015
07:18
Nice t0 see the FOGL strike. Shouldn't do too much harm, by reflection, over here.
cwa1
23/3/2015
19:00
volume today 684,000 4 trades x 171,000. normal days this share does not trade.
vraic
12/3/2015
18:27
Half year figs and statement { which should confirm we still hold the 1.446,600 shares in FOGL } due soon .
vraic
18/11/2014
11:18
Annual report arrived today , AGM in St Helier Jersey 10 December 3 pm. Still looking for a deal, in the meantime still holding energy shares with investments in the Falklands.
vraic
28/4/2014
12:04
They have already announced a small profit for last 6 months and but have been frustrated in finding the right deal. As stated "In line with our stated strategy, your board continued to look for an acquisition that would create value for shareholders. A large part of the year has been taken up with a specific proposal, outside the resource sector, that the majority of your board believed could have delivered significant value to shareholders. Westmount Energy Limited remains a highly attractive, Jersey based, investment vehicle quoted on AIM. The company is well positioned to evaluate and take advantage of new investment opportunities should they hold value creating potential for shareholders. The board together with our advisors continue to seek a suitable strategic acquisition, primarily but not exclusively within the resource sector where the board has core experience". With price rising maybe they have at last found the right deal and with ex Director of Cove on board, if they have, the share price will see a big reaction
loobrush
28/4/2014
11:42
loobrush - what happened to the action you were talking about in November last year? Their holding in SEY is now worth even less than it was the last time I posted.......is anybody else watching this one?
thecynical1
27/11/2013
12:09
even if you add some value for the listing, where is the value? They need to find an oil/gas/mineral project to put in here. jmo.
thecynical1
27/11/2013
11:04
why? market cap - 1.4 million......cash plus 'assets' ( shares in SEY et al ) - approx 980,000.........em....why do you think this is worth buying at this price?
thecynical1
15/11/2013
17:12
Ex Director of Cove has this share as a shell Over the past six months your board have been actively engaged in negotiations and discussions with various potential investors and companies who were either interested in injecting new capital or merging their companies with Westmount with a view to creating increased shareholder value. The process is ongoing. This is from the last accounts in MARCH -full year results due out imminently only 13 million shares in issue most tied up. Current price only 20 p If deal is announced price will rocket Well worth getting on board now before the action.
loobrush
17/6/2013
06:49
guess they are waiting for someone to approach them about a reverse takeover......
thecynical1
29/5/2013
08:16
Looks like this is doing spectacularly well.....the value of the assets is now nowhere near the 2 Million market cap...........is anybody else watching this?
thecynical1
19/1/2013
12:56
has everyone given up on this and moved on???
thecynical1
27/8/2012
14:30
I see this is popular at the moment! Anybody know what TOG has planned with this little baby or is he is now concentrating on FAST?
thecynical1
14/3/2012
08:19
the bid in the fifties...
thecynical1
Chat Pages: 76  75  74  73  72  71  70  69  68  67  66  65  Older
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