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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Westmount Energy Limited | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.45 | 1.40 | 1.50 | 1.45 | 1.45 | 1.45 | 0.00 | 07:47:54 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Offices-holdng Companies,nec | -2.7M | -2.97M | -0.0206 | -0.70 | 2.09M |
From Apr 2021 to Apr 2024
TIDMWTE
RNS Number : 9564A
Westmount Energy Limited
07 June 2021
7(th) June 2021
WESTMOUNT ENERGY LIMITED
("Westmount" or the "Company")
Re-commencement of drilling operations at Jabillo-1, Canje Block, offshore Guyana
Westmount Energy Limited (UK AIM: WTE.L, USA OTCQB: WMELF) is pleased to note the announcement by the Maritime Administration Department, Guyana, that the Stena Carron drillship will re-commence exploration drilling operations at the Jabillo-1 wellsite on the Canje Block, offshore Guyana on the 5(th) June 2021.
Jabillo-1 is the second of 3 exploration wells scheduled for drilling on the Canje block in 2021(1) . Previously published information indicates that Jabillo-1 is a circa 1,000 MMbbl oil prospect targeting a Late Cretaceous, Liza-age equivalent, basin floor fan(1) .
Westmount holds an indirect interest in the Canje Block as a result of its circa 7.7% interest in the issued share capital of JHI Associates Inc. ("JHI")(2) . Following a 2018 farm-out to Total, JHI is carried for the drilling of the Jabillo-1 well and is funded for the drilling of additional wells.
The Canje Block is currently operated by an ExxonMobil subsidiary, Esso Exploration & Production Guyana Limited (35%), with Total (35%), JHI (17.5%) and Mid-Atlantic Oil & Gas Inc. (12.5%) as partners.
Westmount is also pleased to announce that the Company's updated corporate presentation can be viewed on, or downloaded from, its website at http://www.westmountenergy.com/presentations/ .
(1) JHI's Website https://www.jhiassociates.com
(2) Based on JHI's issued share capital as at 30th August 2019
For further information, please contact:
Westmount Energy Limited www.westmountenergy.com David King, Director Tel: +44 (0) 1534 823059
Anita Weaver
Cenkos Securities plc ( Nomad and Broker) Tel: +44 (0) 20 7397 8900
Nicholas Wells/Neil McDonald (Corporate Finance)
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END
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(END) Dow Jones Newswires
June 07, 2021 02:00 ET (06:00 GMT)
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