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Westmount Engy. Share News (WTE)
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Westmount Engy. Information
Share Price Information for Westmount Engy. (WTE)
Share Price is delayed by 15 minutes
Get Live Data
Share Price:
1.40
Bid:
1.30
Ask:
1.50
Change:
0.10 (7.14%)
Spread:
0.20 (15.385%)
Open:
1.40
High:
1.50
Low:
1.50
Prev. Close:
1.40
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Don't have an account? Click here to register.Westmount Energy plunges on wider annual loss
Fri, 20th Nov 2015 12:02
(ShareCast News) - Shares in Westmount Energy plunged on Friday, after the group reported a wider annual pre-tax loss and unveiled plans to raise funds.In the year to 30 June, the London-listed company posted a pre-tax loss of £222,239, 8.09% wider year-on-year, on the back of a difficult year for investors in the oil and gas markets, due to a slump in oil prices.Despite the disappointing results, the group remained confident there will be opportunities for investment in the sector in the medium-term future and has decided to raise funds through a conditional placing and open offer.The company said it aims to raise £633,212 via the issue of 15.8m shares at 4p each, with the conditional subscription accounting for £240,000 through the issue of 6m to two private investors, Dermot Corcoran and John Craven.Meanwhile, the open offer will account for the remaining £393,212 through the issue of 9.8m shares to existing shareholders on a one-for-one basis.Westmount added its directors will take up their full entitlements in the open offer, which will comprise 2.6m open offer shares.Westmount Energy shares were down 25.93% to 5.00p at 1222 GMT on Friday.
More News
24 Oct 2018 13:05
UPDATE: Westmount Energy Raises New Funds After Swinging To Profit (ALLISS)
LONDON (Alliance News) - Westmount Energy Ltd said Wednesday it raised GBP1.6 million from three existing significant shareholders via the issue of convertible unsecured loan notes.The said
Read more24 Oct 2018 10:11
Westmount Energy Swings Annual Profit On Investment Returns
LONDON (Alliance News) - Westmount Energy Ltd said Wednesday it swung to an annual profit in what it described as a "successful" year.For the financial year ended June 30, the a a
Read more2 Oct 2018 10:25
InfraStrata Sells Stake In 3 Petroleum Licences To Westmount Energy
LONDON (Alliance News) - InfraStrata PLC on Tuesday said it sold its interest in three offshore UK oil & gas licences to Westmount Energy Ltd for an undisclosed sum.The decision to of
Read more28 Aug 2018 13:27
Westmount Energy Buys 1.1 Million Shares In JHI Associates
LONDON (Alliance News) - Westmount Energy Ltd said Tuesday it bought 1.1 million shares in JHI Associates Inc for GBP809,840, funded from its existing cash resources.JHI is an oil company a
Read more1 Jun 2018 11:22
Westmount Energy Takes 1% Interest In Ratio Petroleum(ALLISS)
LONDON (Alliance News) - Westmount Energy Ltd said Friday it has bought 1.2 million shares in Israel-based oil and gas company Ratio Petroleum Energy Ltd Partnership.In several acquisitions
Read more14 May 2018 12:52
Westmount Energy Issues Shares After Warrant Administrative Error (ALLISS)
LONDON (Alliance News) - Westmount Energy Ltd said Monday it has netted a potential GBP174,180 despite an administrative error meaning warrant exercise applications were received after the said 18
Read more21 Mar 2018 14:23
CANADA STOCKS-TSX higher as oil prices rise
March 21 (Reuters) - Canada's main stock index rose on Wednesday, boosted by energy shares as oil prices hovered near six-week highs, while investors also focused on a it
Read more21 Mar 2018 14:12
Westmount Energy Swings To Profit Amid Improving Guyana Outlook
LONDON (Alliance News) - Westmount Energy Ltd on Wednesday swung to an interim profit in its first half due to stronger oil prices during the period.Westmount said its
Read more8 Feb 2017 14:31
Westmount Energy acquires stake in Eco (Atlantic) Oil & Gas
(ShareCast News) - Westmount Energy's shares are up 2% as it acquired a stake in Eco (Atlantic) Oil & Gas Ltd (EOG) to obtain a low-cost exposure to the Orinduik block in the Guyana basin. The company subscribed for about 3.13m shares Eco at 16p each, funded from Westmount's existing resources and a
Read more30 Mar 2016 10:41
23 Feb 2016 17:11