Westmount Energy Share Discussion Threads

[corrientes] 22/10/2021 13:29

ratio wants to give the impression he's plain nuts, but don't be fooled ; he makes up this 'grammar' as he goes along for a bit of attention. Given the number of wells TO BE DRILLED, I believe the low, if it happens, will remain in double figures.

[aberloon2] 22/10/2021 13:19

I’m more confident after seeing the trades today.

[mr hangman] 22/10/2021 11:40

This fool has just posted on the ECO thread, grammar is certainly not his strong point

[ratiopetrolguy] 22/10/2021 11:35

Remember the rule
Or 7 price or 40
Now it's look like another dust and it's mean 7 price

[corrientes] 21/10/2021 17:02

ratio - you mean you need to pray it falls steeply, but there are many more wells to be drilled.......

[aberloon2] 21/10/2021 12:44

Might be good, who knows? If it fails I’ll buy more on the crash.

[ratiopetrolguy] 21/10/2021 11:48

It's not looking good
We need to pray

[jaforsadi] 20/10/2021 11:44

This is going tone huge

[aberloon2] 20/10/2021 11:37

Eco going north, same news we’re waiting on? Fingers crossed

[corrientes] 19/10/2021 09:00

With so many more drills to follow, I can't see the share price falling back too much in the event of a dry well this time round. Under the law of averages, surely they can't keep on being unlucky.

[aberloon2] 19/10/2021 08:48

sp moving upwards, encouraging

[ratiopetrolguy] 18/10/2021 18:16

Last week to the results of the sapote drill
Or 40 stock price or 7 stock price

[ratiopetrolguy] 18/10/2021 18:14

Last week to the results of the sapote drill
Or 40 stock price or 7 stock price

[robs12] 15/10/2021 17:59

Just to repeat an older post:

"@ratiopetrolGuy....3-4 pound is what I am hoping for in a couple of years time ;-)

If ratiopetroleum is one of your holdings, I can understand the upset...it's not been so good for them so far.

I think WTE sold most of their stake in Ratio for a profit."

[plunger2] 15/10/2021 14:48

The longer the drill goes on the greater the likelihood that the well is being/about to be tested.
If it's being tested it's not a duster.

And if it's a find...........WHOOSH ;)

DYOR

[robs12] 15/10/2021 14:45

Exxon think it's worth the risk - they've identified 7 prospects so far, and lining up 12 drills on the block, starting next year...

[aberloon2] 15/10/2021 13:55

It’s not their only play though, I think it’s worth the risk

[ratiopetrolguy] 15/10/2021 13:43

If the drill failed the ppl that buy now gonna lose 70%

[aberloon2] 15/10/2021 08:40

Little tick up, I was expecting a bigger pullback if news wasn’t good. Fingers crossed this is the start of good times for WTE.

[bionicdog] 14/10/2021 18:31

Didn't move like this before prior drills.

[aberloon2] 14/10/2021 13:33

It’s all down to the drill bit, boom or bust, better that than trusting some oil company management I could name, at least it’s a quick death …

[robs12] 14/10/2021 12:08

@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/uncategorized/exxon-targeting-2022-start-up-for-major-12-well-campaign-at-canje-block/

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..

[bionicdog] 14/10/2021 10:03

This must be a bit more than drilling excitement.