Waiting patiently1 Mar 2021 15:30
Given the fact that the ongoing exploration and drilling at the Bulletwood-1 well in Guyana has been extended by a further 2 weeks, I expect Exxon have hit the jackpot! Why else would they spend millions of dollars hanging around when they have 2 more wells to drill as part of the campaign. They have offloaded their North Sea asset and are focusing on high value assets only mainly in South America, Guyana being their main hot spot which has seen a success rate of 18 out of 20 drill sites producing at a commercial level. An investment in Exxon at present could be a wise choice; however, an explosive rise in the share price is expect for Westmount Energy if the bulletwood-1 is a hit then moving forward there is a high possibility that JHI's interest in the block could be bought out by Exxon or Total which can only be excellent for WTE. I expect to cash in multiples of the current share price by Christmas. DYOR