Westmount Energy Ltd - South America-focused energy investor - Investee firms about to start initial drilling campaign with respect to Exxon Mobil Corp-operated Kaieteur and Canje blocks, offshore Guyana. Board expects series of drilling results from Guyana-Suriname basin in next 6 to 12 months. As at July 31, had GBP2.3 million in cash, so is well-positioned to join in other investment opportunities within basin.
Current stock price: 17.00 pence
Year-to-date change: up 19%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Westmount Engy. (WTE)