Westmount Engy. Share Price (WTE)

Oh well - that excitement was short lived; looks like someone's dropped the ball and the co-ordinates actually relate to a drill in the Stabroek block not Canje - despite various publications and the Mariners Notice stating otherwise.

I should have said BS date of 31/12/2025 of course.

WTE has a 4.13% stake in this private company , value according to balance sheet at 31/12/2026 of £1.378m. The only asset Cataleya has is a 50% holding in Kaietur block in Guyana. Catalaya website is being updated (has been for many months and gives little info).

Does anybody know what is going on at Kaietur? It is a significant part of WTE's portfolio so it would be nice to know..

As aside, I notice Mr. Evans has made a further acquisition in WTE.

Interesting. The JHI/ECO deal is not yet completed, the JHI shareholder vote to ratify it was only a couple of days ago, and the final court order to approve it is tomorrow. The drill (if real) not formally announced yet.

Did all the JHI shareholders know that this drill (if real) was happening, and if not, would they have voted differently? Highly likely that they did know, but a possibility that this could all unravel...?!

And how does this fit in...

"Westmount has entered into a Memorandum of Agreement with a JHI management shareholder, conditional upon closing of the Acquisition, to purchase for a nominal amount an additional 4,000,000 common shares in Eco (equivalent to 5,670,542 JHI shares) immediately upon closing of the Acquisition. These additional 4,000,000 common shares in Eco are bound by the lock-up provisions contained in the lock-up agreement entered into by JHI management shareholders and Eco. Subject to completion of that purchase and the closing of the Acquisition, Westmount will hold a total of 9,527,432 common shares in Eco. This holding includes the conversion of currently held JHI shares and warrants using the exchange ratio and formula outlined in the JHI Circular, the newly purchased 4,000,000 Eco shares, plus Westmount's existing holding in Eco of 1,500,000 common shares."

An MoA is usually legally binding I think, but the ECO acquisition is due to complete end Q3 (or before) and the drill by end July.

All a bit unusual.

Tomorrow will probably be quite exciting.

Https://dpi.gov.gy/ministry-of-public-utilities-and-aviation-marad-notice-to-mariners-no-083-2026-offshore-guyana/