Westmount Energy Share Discussion Threads

[ratiopetrolguy] 17/1/2022 14:07

Someone buy all the stocks without consider the price
Maybe he know something
We just need to wait and see

[ratiopetrolguy] 15/1/2022 13:00

November in kaieteur
Westmount hv 1% in kaieteur

[saloki] 15/1/2022 03:59

WHEN RAZIO DRILL?

[corrientes] 13/1/2022 12:28

That's a bit better !

[ratiopetrolguy] 13/1/2022 12:18

4 drills before us
1 kaieteur in November
3 in canje
Good year everyone

[corrientes] 13/1/2022 11:33

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.

[ratiopetrolguy] 13/1/2022 10:35

Hold tight canje campaign gonna shoot again!
Westmount stock of the year!!!!

[ratiopetrolguy] 11/1/2022 10:53

Yessss babyyyy we all gonna be rich!!!

[dogberry202000] 10/1/2022 22:48

It will cost around $8b for a two-year 24 well campaign across two of the most propective blocks, all free carried for $WTE through its investments in its partners who hold a share of the rights from the exploration of their blocks. Happy to hold while this plays out.

[corrientes] 10/1/2022 21:42

Years ago, on the strength of the majors' finds, WTE's share price would have been much much higher by this time in the cycle, but nowadays, just as in precious metal exploration, until a company actually finds something meaningful, the Market isn't terribly keen.

The difference is that speculation in both hard and soft commodities has been supplanted by technology spec where fortunes have been made for the risk takers. Maybe this will change, but it'll take a major shift in sentiment to make that happen. Thank goodness however, history shows that nothing is forever.

[ratiopetrolguy] 10/1/2022 10:55

“What really excites me about this accomplishment is the support it provides for our strategy to test deeper targets – an approach that will open up the possibility for further exploration of the *block’s potential*,” said Mike Cousins, ExxonMobil Senior Vice President of Exploration and New Ventures. “While reservoir data is still being evaluated, these offshore discoveries will clearly add to the *block’s* resource estimate

[ratiopetrolguy] 07/1/2022 20:50

We all gonna be rich!!!!! after fanferthooth discovery it's open lot of good prospects in canje and kaieteur blocks!!!

[mick] 07/1/2022 17:45

Fangtooth has to be very positive for the Santonian prospects in Canje and Kaieteur. See below from Oil Now today.

While the recent Fangtooth-1 discovery augments the list of over 20 significant finds in the Stabroek Block by operator ExxonMobil, its value should not be overlooked or underappreciated, says Hess Corporation’s Chief Executive Officer (CEO), John Hess.

During Goldman Sachs’ Global Energy and Clean Technology Conference 2022 held on Thursday, Hess, who spoke extensively about the exploration outlook of Guyana, noted that Fangtooth-1 is actually the first test of the deepwater horizon of the Lower Campanian and Santonian plays. Hess said success in this relatively new territory for the partners proves his well reported conclusion that the Stabroek Block holds multi-billion-barrel exploration potential that is far beyond the 10 billion barrels of oil equivalent resources already discovered.

The Hess CEO said, “…we were happy to announce more discoveries, being Fangtooth-1 and Lau Lau-1. Both of these are significant in pay counts and have significant high-quality reservoirs as well as aerial extent so they will add to the 10 billion barrels of oil equivalent already discovered and they should be fairly significant adds and will go into the queue of development opportunities.”;

20 billion barrels projected at Guyana’s largest oil block; region is hotbed for investments, analyst says

He continued, “But Fangtooth itself is meaningful because it was the first of the deeper horizon of the Lower Campanian and Santonian that we just tested and the other times we tested those horizons it was focusing from the shallower horizon and these horizons which by the way are 15,000 feet for the shallow horizon and 18,000 feet for the deeper horizon.”

Furthermore, the Hess executive said Fangtooth-1 shows that the joint venture partners still have a lot of running room for exploration in Guyana. “And when we say there is multi-billion barrels of exploration potential remaining above and beyond what was discovered, Fangtooth validates that,” Hess added.

He said too that Fangtooth-1 is a really significant discovery since it has opened up another deep play for the partners to pursue.

Taking this into account, he said Guyana is truly a unique cash flow story for investors, whether they are in the hydrocarbon industry or not, to take their money. For 2022, he said the partners are excited about the organic leverage it still has on the block and will continue its efforts to grow the queue of developments as well as their resource base of “low cost, high value, low carbon oil.”

By 2026, 4 FPSOs will deliver 50 million barrels of oil, US$4 billion annually to Guyana – Bharrat

It was on Wednesday the Guyana Government disclosed that the country scored big again with two significant discoveries.

The administration said the Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs and was drilled in 6,030 feet (1,838 meters) of water. It is located approximately 11 miles (18 kilometers) northwest of the Liza field.

As for the Lau Lau-1 well, it encountered approximately 315 feet (96 meters) of high-quality hydrocarbon-bearing sandstone reservoirs. The well was drilled in 4,793 feet (1,461 meters) of water and is located approximately 42 miles (68 kilometers) southeast of the Liza field.

OilNOW also reported earlier this week that Fangtooth was drilled by the Stena DrillMAX, and Lau Lau was drilled by the Noble Don Taylor, which are two of six drillships supporting exploration and development drilling across three blocks operated by ExxonMobil offshore Guyana.

Exxon has found an average of 1.7 billion barrels of oil per year in Guyana since 2015

The Stabroek block is 6.6 million acres (26,800 square kilometers). ExxonMobil affiliate Esso Exploration and Production Guyana Limited is the operator and holds 45% interest. Hess Guyana Exploration Ltd. holds 30% interest and CNOOC Petroleum Guyana Limited holds 25% interest.

[mr hangman] 07/1/2022 16:52

Ho no, when I was thinking of dipping a toe in, the kiss of death has arrived

[mick] 06/1/2022 23:36

From what I hear, Fangtooth was a success in the Santonian deep play which offers encouragement for the Santonian prospects in Canje.

[rayrac] 06/1/2022 21:41

Just remember Corrientes, this is all still in the Stabroek block and headed southeast towards the Kawa 1 drill area. Not as yet, further out to sea into the Canje blocks.

[corrientes] 06/1/2022 16:25

It's interesting that even ExxonMobil seem to be implying this as well. To me, that is a real seal of approval for WTE's strategy.

[ratiopetrolguy] 06/1/2022 10:56

The westmount flight gonna start all welcome aboard

[corrientes] 05/1/2022 14:29

If these prolific discoveries continue at the present rate, the odds must increase for the smaller outfits, ie those not in the key areas, to eventually strike lucky. In that case WTE's chances of success, being pert of such setups, surely improve significantly ?

[mick] 05/1/2022 13:57

More good news for Exxon and Hess on Stabroek. Any implications for Canje/Kaieteur/Orinduik prospects?

ExxonMobil makes two discoveries offshore Guyana
IRVING, Texas – ExxonMobil today said it made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana.
Fangtooth and Lau Lau discoveries will add to previous recoverable resource estimate of 10 billion oil-equivalent barrels
Positive result supports strategy to test deeper exploration targets within Stabroek block
More than 3,200 Guyanese now support ongoing exploration and production activities
The Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs. The well was drilled in 6,030 feet (1,838 meters) of water and is located approximately 11 miles (18 kilometers) northwest of the Liza field. The Lau Lau-1 well encountered approximately 315 feet (96 meters) of high-quality hydrocarbon-bearing sandstone reservoirs. The well was drilled in 4,793 feet (1,461 meters) of water and is located approximately 42 miles (68 kilometers) southeast of the Liza field.

These discoveries will add to the previously announced recoverable resource estimate for the block, of 10 billion oil-equivalent barrels.

“Initial results from the Fangtooth and Lau Lau wells are a positive sign for Guyana and continue to demonstrate the potential for the country’s growing oil and gas sector, ExxonMobil and our co-venturers in the Stabroek block,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil.

“The Fangtooth discovery is a successful result of our strategy to test deeper prospectivity, and the Lau Lau discovery adds to the large inventory of development opportunities in the southeast part of the Stabroek block. Both discoveries increase our understanding of the resource, our continued confidence in the block’s exploration potential, and our view that the many discoveries to date could result in up to 10 development projects.”

[spiker4] 05/1/2022 09:19

Sure thing. But boy that is near!

[ratiopetrolguy] 05/1/2022 01:49

March 2022 remember this date

[spiker4] 04/1/2022 16:42

@ ratiopetrolGuy - You have a Crystal Ball? Timescale please? Lol..

[ratiopetrolguy] 04/1/2022 15:41

Don't be sleepy !
Canje block campaign gonna shoot again
Westmount will be 15 again
Remember this post!

[bionicdog] 03/1/2022 15:38

I've had a lot more than my purchase price back in special dividends.