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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 | 08:00:00 |
| 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 2022 to Apr 2024
TIDMWTE
RNS Number : 8727O
Westmount Energy Limited
14 June 2022
14 June 2022
WESTMOUNT ENERGY LIMITED
("Westmount" or the "Company")
Termination of Eco-JHI 'All Paper' Transaction
and
New Corporate Presentation
Westmount Energy Limited (UK AIM: WTE.L, USA OTCQB: WMELF), the AIM-quoted oil and gas investing company focussed on the Guyana-Suriname Basin notes the termination of the proposed 'all paper' acquisition of JHI Associates Inc. ("JHI") by Eco (Atlantic) Oil and Gas Ltd. ("Eco") announced today.
JHI is a private, Ontario-registered, company established in 2014 and focused on oil exploration opportunities in the emerging Guyana-Suriname Basin. The company's main asset is a 17.5% working interest ("WI") in the Canje Block covering over 4,800 square kilometres, offshore Guyana. This block is located adjacent to and in the same geologic basin as the Stabroek Block which has delivered twenty six substantial oil discoveries since 2015, with reported discovered recoverable resources of approximately 11 billion oil-equivalent barrels to date.
The Canje Block is currently operated by an ExxonMobil subsidiary, Esso Exploration & Production Guyana Limited (35%), with TotalEnergies E&P Guyana B.V. (35%), JHI Associates (BVI) Inc. (17.5%), and Mid-Atlantic Oil & Gas Inc. (12.5%) as partners.
Westmount holds a total of 5,651,270 shares in JHI, representing approximately 7.16% of the issued common shares in JHI as of 31(st) December 2021. Westmount also holds 1,500,000 shares in Eco representing approximately 0.49% of the issued common shares in Eco as of 11(th) May 2022.
New Corporate Presentation
In addition, Westmout is pleased to announce that the Company's new corporate presentation can be viewed on its website at http://www.westmountenergy.com/presentations/
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 Tel: +44 (0) 20 7397 8900 Broker) Nicholas Wells / Neil McDonald (Corporate Finance)
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END
DOCKZGMVKDRGZZM
(END) Dow Jones Newswires
June 14, 2022 12:15 ET (16:15 GMT)
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