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Share Price: 1.50

Bid: 1.40

Ask: 1.60

Change: 0.00 (0.00%)

Spread: 0.20 (14.286%)

Open: 1.50

High: 1.50

Low: 1.50

Prev. Close: 1.50

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IN BRIEF: Westmount confirms first Canje Block well has been drilled

Thu, 04th Mar 2021 14:37

Westmount Energy Ltd - South America-focused energy investor - Says investee JHI Associates confirms Bulletwood-1, the first well on the Canje Block in offshore Guyana, was drilled in 2,846 metres of water by the Stena Carron drillship to its planned target depth of 6,690 metres. Notes Westmount holds an indirect interest in the Canje Block as a result of its 7.7% interest in JHI Associates. Says the well encountered "quality" reservoirs but non-commercial hydrocarbons.

"Data collection at Bulletwood-1 confirms the presence of the Guyana-Suriname Basin petroleum system and the potential prospectivity of the Canje Block. Bulletwood-1 is the first of three wells scheduled to be drilled on the block in 2021, with drilling of the independent prospects Jabillo-1 and Sapote-1 to follow over the coming months," says Westmount.

Current stock price: 12.74 pence, down 22% on Thursday

Year-to-date change: down 27%

By Zoe Wickens; zoewickens@alliancenews.com

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

25 Sep 2023 17:04

LONDON MARKET CLOSE: FTSE 100 down amid China worries

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25 Sep 2023 15:54

Westmount Energy shares rise as Argos acquired by JHI Associates

(Alliance News) - Westmount Energy Ltd on Monday noted an announcement by Argos Resources Ltd, regarding the completion of an acquisition by JHI Associates Inc of the North Falklands Basin production licence, PL001.

10 Aug 2023 17:54

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9 Jun 2023 10:09

IN BRIEF: Westmount buys GBP538,633 of shares in Africa Oil Corp

Westmount Energy Ltd - oil and gas investing company focussed on high impact drilling outcomes in emerging basins - Buys 300,000 shares in Africa Oil Corp, for an aggregate cost of GBP538,633. Says that this purchase will increase its indirect exposure to exploration drilling on the Canje and Orinduik blocks, offshore Guyana, from next year onwards. Adds that the acquisition will increase its liquid exposure to the scheduled well, appraisal drilling and testing program on the Venus discovery, offshore Namibia, this year.

24 Mar 2023 15:45

Westmount confident in investments as losses narrow

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24 Mar 2023 11:48

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Westmount confirms first Canje Block well has been drilled

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