focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWestmount Engy. Share News (WTE)

Share Price Information for Westmount Engy. (WTE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1.40
Bid: 1.30
Ask: 1.50
Change: 0.00 (0.00%)
Spread: 0.20 (15.385%)
Open: 1.40
High: 1.40
Low: 1.40
Prev. Close: 1.40
WTE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: abrdn Asia ups dividend; Jadestone inspects tank

Thu, 10th Aug 2023 17:54

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

----------

abrdn Asia Focus PLC - Investment firm focused on Asian small caps - Declares fourth interim dividend for the year ended July 31 of 1.61 pence net, compared to 1.6p a year prior. In total, the four interim dividends declared for financial 2023 - including this dividend - amounted to 6.41p per share, compared to 6.4p the previous year.

----------

Jadestone Energy PLC - Oil and gas production company focused on the Asia-Pacific region - In July, production at the company's Montara venture in offshore Australia was temporarily shut in following a gas alarm within the FPSO's 4S ballast water tank. Says that an inspection has identified the location of a small defect between tank 4S and oil cargo tank 5C, which poses no safety or structural risk, nor any risk of a hydrocarbon leak to sea. Jadestone is now focused on final inspections in ballast water tank 4P prior to returning this tank to service, offloading crude oil from tank 5C, and re-entry to 4S in order to finish the inspection.

----------

Westmount Energy Ltd - Oil and gas investing company focussed on high impact drilling outcomes in emerging basins - Notes the proposed transaction announced by Eco (Atlantic) Oil and Gas Ltd regarding its acquisition of a 60% operated interest in the Orinduik Block, offshore Guyana, through the acquisition of Tullow Guyana BV, which is a wholly owned subsidiary of Tullow Oil PLC. Westmount didn't specify financial details, but said the acquisition of Tullow was in exchange for a combination of upfront cash and contingent consideration. Upon completion, Eco will hold a 75% participating interest in Orinduik, and will become operator of the block. Westmount holds 1.5 million shares in Eco, which represents 0.4% of its issued common shares.

----------

TI Fluid Systems PLC - Oxfordshire-based maker of automotive fluid storage, carrying, delivery, and thermal management systems for light vehicles - Declares an interim dividend of 2.3 euro cents per share. The dividend will be paid in sterling. Says the dividend will be converted from euro to sterling using the London closing spot rate on August 18.

----------

ACG Acquisition Co Ltd - Special purpose acquisition company looking to benefit from favourable price conditions for new economy metals and other mining materials - Says that it continues to discuss potential improvements to the transaction structure with its Anchor Investors and Appian Capital Advisory LLP, but has yet to reach an agreement regarding the proposed acquisition. The long‑stop date for a decision is August 18, after which either of ACG or Appian Capital may terminate the agreement. Subsequently, the book-building conducted in connection with the placing remains paused, and ACG has determined to cancel the retail offer. Any funds previously paid will be returned to retail investors through PrimaryBid in accordance with the corresponding provisions of the Prospectus. In mid-June, ACG announced that it had agreed the acquisition of the Atlantic Nickel nickel sulphide mine in Santa Rita and the Mineracao Vale Verde copper mine in Serrote, both in Brazil, from funds advised by Appian.

----------

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
20 Nov 2015 08:12

Westmount Energy Loss Widens, Plans Capital Raising (ALLISS)

Read more
31 Mar 2015 12:10

Westmount Energy Swings To Loss As Oil Drags On Share Prices

Read more
30 Jul 2014 13:24

Westminster Has Not Seen Hit From Ebola Outbreak, Monitoring Closely

Read more
11 Apr 2014 12:31

DIRECTOR DEALINGS: Westmount Energy Transfers 200,000 Shares

LONDON (Alliance News) - Westmount Energy Limited PLC Friday said Director Peter Richardson transferred 200,00 shares to his personal investment company Godrevy Holdings Limited at a price of 17.5 pence per share. As a result, his beneficial interest remains unchanged at 400,000 shares. Sha

Read more
27 Mar 2014 14:32

Westmount Energy Swings To Profit From Loss In The First-Half

LONDON (Alliance News) - Westmount Energy Ltd Thursday said it swung to a profit in the first-half of the year, from a loss the previous year, although the company said it has had a difficult trading year. Westmount Energy is a Jersey-based investment holding company which provides seed cap

Read more
27 Mar 2014 11:46

Westmount Energy Appoints Board Chairman

LONDON (Alliance News) - Westmount Energy PLC said Thursday Gerald Walsh has been appointed Chairman of the board. Walsh takes on the role from Mervyn Bradlow who will remain a director of the company. Shares in Westmount Energy last traded at 20 pence per share. By Alice Attwoo

Read more
27 Nov 2013 12:05

Westmount Energy Pretax Loss Widens On Investment Losses

Read more
27 Nov 2013 07:57

AIM IN BRIEF: Albemarle & Bond Sees No Signs Of Recovery

Read more
24 Dec 2010 12:55

London close: Footsie finishes above 6,000

A late spurt by Footsie in the truncated afternoon trading session did the headline writers a favour and pushed the blue-chip index above the 6,000 level. Trading volumes were low, and corporate news was as thin as the veneer of snow still covering large parts of Britain. Struggling sportswear r

Read more
24 Dec 2010 08:37

London open: JJB backers rally round

Trading is every bit as quiet as might be expected on the day before Christmas, with the blue-chip index marginally easier, disappointing those hoping for a move above the 6,000 level. Struggling sportswear retailer JJB Sports has done its best to inject a bit of excitement into proceedings with de

Read more
24 Dec 2010 07:28

Small caps: Media Corp upbeat, Cyprotex on track, Westmount to return 45p...

Media Corp has seen the best start to a year ever for its online advertising arm, Eyeconomy, with the company describing business as "exceptionally strong". Advertising bookings are a record since the 2011 financial year started in October, Media Corp added. Purple Lounge, Media Corp's online gami

Read more
22 Sep 2009 10:37

Small caps round-up: Avanti Communications, Cash Converters, Gable...

Satellite operator Avanti Communications swung to a full-year pre-tax profit of £1.8m compared with a loss of £1.4m last time, while revenue increased to £8m from £5.9m previously. Franchised used goods retailer Cash Converters saw profit before tax in the year to 30 June 2009 rise to $23.3m from $

Read more
17 Aug 2009 09:37

Small caps round-up: Hill & Smith, Innovation, BlueStar...

Infrastructure and construction products group Hill & Smith reported a 1% rise in first-half pre-tax profit to £20.2m, while revenue was down 7% at £196.8m. The dividend increased to 4.7p per share compared with 4.3p last time. 'Whilst the extent to which these signs of improvement are maintained

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.