Westmount Energy Ltd - invests in companies which operate in oil & gas related industries - Notes re-commencement of drilling operations at Jabillo-1 of the Canje block, part of offshore operations in Guyana. Jabillo-1 is the second of 3 exploration wells scheduled for drilling on the Canje block in 2021. 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 Ltd, which has a 35% interest in the block, while TotalEnergies SE has a 35% stake, JHI has a 17.5% stake and Mid-Atlantic Oil & Gas Inc has a 12.5% stake.
Current stock price: 11.88 pence, up 1.9% on Monday
Year-to-date change: down 32%
By Greg Roxburgh; gregroxburgh@alliancenews.com
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Westmount Engy. (WTE)