Company
Westmount Energy Limited
LON:WTE
Westmount Energy Limited is focused on investing in the prolific Guyana-Suriname Basin, which is considered to be a major emerging hydrocarbon province. Between May 2015 and May 2020 the basin has delivered 20 significant discoveries with 18 of these discoveries, and reported discovered recoverable resources in excess of 8 billion oil-equivalent barrels, attributable to the ExxonMobil operated, Stabroek Block, offshore Guyana. Westmount has invested in 4 companies which have participating interests in 3 blocks (Canje, Kaieteur and Orinduik Blocks) immediately adjacent to the Stabroek Block.
35 stories
Westmount Energy encouraged ahead of next wave of exploration in Guyana-Suriname basin
“Westmount's strategy remains one of offering shareholders exposure to high impact drilling outcomes,” the company highlighted in its interim results statement
Westmount Energy investee sees third non-commercial discovery offshore Guyana
Project operator Exxon is now working towards a significant new drill campaign at the Canje block in 2022
Westmount Energy upbeat on Guyana exploration as industry seeks ‘advantaged barrels’
"Drilling activity in the Guyana-Suriname basin continues to accelerate driven by the industry's focus on advantaged barrels"
Westmount Energy: Exxon kicks off Sapote-1 well offshore Guyana
JHI Associates, a minority stakeholder in Canje, is funded for its participation in the Sapote-1 well along with other wells in the future
Exxon to select next well at Kaieteur block offshore Guyana by Spring 2022
London-listed Westmount Energy is an indirect passenger in the exciting exploration venture in the vicinity of Exxon’s Liza oilfield
Westmount Energy says Exxon switches attention to Sapote well as Jabillo-1 is a miss
The Jabillo-1 exploration well, offshore Guyana, proved unsuccessful and Exxon is now lining up the next target
Westmount Energy higher as drilling resumes at Jabillo-1
Jabillo-1 is the second of three exploration wells scheduled for drilling in 2021 on the Canje block, offshore Guyana
Westmount Energy welcomes Hess Corp's increased stake in Kaieteur Block
"We believe this farm-in transaction reflects confidence in the prospective resource potential of the Kaieteur Block and augurs well for the continuing exploration of the area," said Westmount executive chairman Gerard Walsh
Westmount Energy debt-free after making final loan note payment
It comes as the investor in Guyana exploration awaits news of Exxon's latest well
Westmount Energy says 2021 is shaping up to be significant year for Guyana operations
“The company's current investment portfolio is now focused on the continuing 2021 ExxonMobil operated drilling campaign on the Canje Block - with the drilling outcome of two additional large independent prospects, Jabillo-1 and Sapote-1, du
Westmount Energy awaits imminent start to Jabillo well programme
The second of three Guyana exploration wells is set to test a 1bn barrel prospect
Westmount Energy: Bulletwood well sees sub-commercial hydrocarbons
“Data collection at Bulletwood-1 confirms the presence of the Guyana-Suriname Basin petroleum system and the potential prospectivity of the Canje Block,” Westmount noted
Westmount Energy waits for Exxon well result to be public
The investor holds an indirect interest in the Canje block, where Exxon has just drilled the Bulletwood-1 exploration well.
Westmount Energy ups exposure to Exxon’s Bulletwood well
Drilling began earlier this month and results are expected by mid-February
Westmount Energy boosted as Exxon spuds new Guyana exploration well
"Bulletwood-1 is the first well in a multi-well, fully funded, drilling campaign being operated by ExxonMobil on the Canje Block"
Westmount Energy increases its stake in Guyana-focused oil explorer JHI Associates
The compoany now owns 7.2% of the Ontario-registered company, which has some fairly immediate drilling milestones coming up
Westmount Energy looks forward to new drilling offshore Guyana
“Where the basin is today, this is not the typical junior resource story"
Westmount Energy becomes first AIM E&P to list on OTCQB Market as it takes Guyana-Suriname Basin story to New York
Westmount has investments in one of the oil industry’s major exploration hotpots
Westmount Energy shares rise ahead of imminent drilling
Tanager-1 is a 256.2mln barrel exploration target offshore Guyana.
Westmount Energy cheers Eco Atlantic Oil & Gas’s “strong performance”
Westmount has built a portfolio of investments in exploration ventures offshore Guyana, where Exxon has made big new oil discoveries
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Westmount Energy highlights tough competition from private equity investors
The FOGL and Argos Resources shareholder is looking to raise an additional £633,212 for working capital