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Pin to quick picksWestmount Engy. Share News (WTE)

Share Price Information for Westmount Engy. (WTE)

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Share Price: 1.375
Bid: 1.30
Ask: 1.45
Change: 0.00 (0.00%)
Spread: 0.15 (11.538%)
Open: 1.375
High: 1.375
Low: 1.375
Prev. Close: 1.375
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AIM WINNERS & LOSERS: Science Group reports record results in 2020

Tue, 09th Mar 2021 10:41

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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Westmount Energy Ltd, up 16% at 13.45 pence, 12-month range 11p-23p. Notes announcement by the Maritime Administration Department, Guyana, that the Stena Carron drillship will commence drilling operations at the Jabillo-1 wellsite on the Canje block on Wednesday. Westmount holds an indirect interest in the Canje block as a result of its 7.7% interest in JHI Associates Inc. The Canje Block is currently operated by an ExxonMobil subsidiary, Esso Exploration & Production Guyana, with Total, JHI and Mid-Atlantic Oil & Gas Inc as partners.

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Invinity Energy Systems PLC, up 8.1% at 148.13p, 12-month range 25p-245p. The storage battery manufacturing company says it continues to build on record 2020 orders of 18.6 megawatt hours. Says pipeline 143.7 megawatt hours, up 18% from November. "Our timing is good from a macro perspective; our core markets of the UK, the United States and Australia are all accelerating broad initiatives that will be good for Invinity. Finally, we're seeing a reduction in the interruptions the pandemic has caused in our delivery schedules. I am more optimistic than ever," says Chief Executive Larry Zulch.

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Science Group PLC, up 7.9% at 339.80p, 12-month range 161p-340p. The scientific consultancy services firm reports record revenue for 2020 of GBP72.7 million, up 29% on 2019, and swings to pretax profit of GBP6.3 million from GBP1.6 million loss. "Notwithstanding a global pandemic, the group achieved record results in 2020 benefitting from both its acquisition strategy and organic development which have combined to create a financially and operationally resilient organisation," company says.

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AIM - LOSERS

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Prospex Energy PLC, down 19% at 1.7p, 12-month range 1.4p-93.13p. The investment company focused on European gas and power projects says it has raised GBP750,000 via a placing of 50.0 million shares at a price of 1.5p each. Proceeds will be mainly used to fund planned programmes at the El Romeral integrated gas production and power station operation in southern Spain, and the Podere Gallina licence onshore Italy where first gas at the Selva field is expected to commence later in 2021, subject to the granting of a production concession.

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Helios Underwriting PLC, down 10% at 175.00p, 12-month range 70p-226p. The Lloyd's of London insurer raises GBP53.5 million via placing and subscription for a total of 33.4 million shares at a price of 160p each. Issue price represents a discount of 18% to the closing price of 195p on Monday. "This is a period of unprecedented opportunity for Helios, with a hardening market coupled with the opportunities we see to make further LLV acquisitions which would be value enhancing for our shareholders. Helios is uniquely positioned to capitalise on these opportunities," says Chief Executive Nigel Hanbury. Firm intends to raise up to a further GBP3.0 million via open offer.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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12 May 2020 17:14

Westmount Energy Acquires Further Shares In JHI Associates

Westmount Energy Acquires Further Shares In JHI Associates

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12 May 2020 15:39

Westmount Energy takes stake in JHI Associates

(Sharecast News) - Westmount Energy has purchased 1,350,000 shares in JHI Associates, it announced on Tuesday, through the issue of 15,930,000 new ordinary Westmount shares, representing around 12.7% of its enlarged issued capital.

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31 Mar 2020 16:58

Westmount Energy Swings To Interim Loss But Remains Hopeful On Basin

Westmount Energy Swings To Interim Loss But Remains Hopeful On Basin

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4 Dec 2019 16:03

UK Shareholder Meetings Calendar - Next 7 Days

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31 Oct 2019 13:12

Westmount Energy Annual Profit Quadruples As Guyana Assets Deliver

Westmount Energy Annual Profit Quadruples As Guyana Assets Deliver

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31 Oct 2019 11:45

Westmount Energy profit rises as it focuses on single-asset firms

(Sharecast News) - Westmount Energy reported an operating profit of £2.01m for the year ended 30 June on Thursday, up from £0.56m year-on-year.

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30 Aug 2019 10:54

Westmount Invests Over USD3 Million In Cateleya Energy

(Alliance News) - Westmount Energy Ltd on Friday said it agreed to make an additional USD3.2 million investment in Cateleya Energy Corp, a Canada-registered oil exploration firm.The energy

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28 Aug 2019 12:56

Westmount Energy Raises GBP570,000 Via Extended Subscription Pact

(Alliance News) - Westmount Energy Ltd on Wednesday said it has raised GBP570,000 by extending a previously announced share subscription agreement.The company has issued 4.4 million new at

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23 Aug 2019 09:38

Westmount Energy Raises GBP5 Million To Invest In Guyana-Suriname

(Alliance News) - Westmount Energy Ltd on Friday said it has launched a conditional subscription to raise GBP5.0 million to pursue its ongoing investment strategy, focused on the Guyana-Suriname a

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23 Aug 2019 08:08

Westmount Energy looks to raise ?5m via share placing

(Sharecast News) - Oil and gas investment firm Westmount Energy said on Friday that it is looking to raise up to £5m in a placing of 38.46m new ordinary shares of 13p each.

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14 May 2019 13:45

Westmount Energy Invests In Oil Explorer In Guyana-Suriname Basin

LONDON (Alliance News) - Westmount Energy Ltd said Tuesday it has invested USD2.5 million in Cateleya Energy Corp in a private placing.Westmount has acquired 253,685 shares in Cateleya a in

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13 May 2019 13:28

Westmount Energy Halves Eco Atlantic Stake After GBP1.3 Million Sale (ALLISS)

LONDON (Alliance News) - Natural resources-focused investment firm Westmount Energy Ltd said Monday it more than halved its stake in Eco Atlantic Oil & Gas Ltd in a sale that raised GBP1.3 the

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13 Mar 2019 11:57

Westmount Energy Reports Double Digit Profit Growth In First Half

LONDON (Alliance News) - Westmount Energy Ltd on Wednesday said its profit grew nearly a third in the first half of its current financial year driven by strong performance of its investment said a

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27 Feb 2019 13:51

UPDATE: Westmount Energy Increase Stake In JHI Associates To 3.0% (ALLISS)

LONDON (Alliance News) - Westmount Energy Ltd said on Wednesday it has made a further investment in oil exploration company JHI Associates Inc for CAD1.0 million and the issue of 7.2 million in in

Read more
27 Feb 2019 12:55

Westmount Energy Increase Stake In JHI Associates To 3.0% (ALLISS)

LONDON (Alliance News) - Westmount Energy Ltd said on Wednesday it has made a further investment in oil exploration company JHI Associates Inc for CAD1.0 million and the issue of 7.2 million in in

Read more

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