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AIM:WTE

Westmount Energy Ltd

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Market:
AIM
Market Cap:
£17.86 m
Price
12.40 GBX
Change
-23.69%
52 weeks high
24.50
52 weeks low
6.70

In brief

Westmount Energy Ltd. is a Jersey registered, AIM listed (OTC quoted), energy investment company with a focus on exploration assets in the Guyana-Suriname Basin – a major emerging petroleum province with reported breakeven costs in the USD$25-35/bbl. Our strategy has been to invest in junior resource companies with direct licence interests, and 3D seismic matured prospect inventories, in blocks surrounding the prolific Stabroek Block – where an ExxonMobil led consortium have discovered circa 9 Bn BOE since 2015 (18 discoveries from 20 exploration wells; 90% success rate; average discovery size 500 MMBOE). Westmount offers exposure to a portfolio of drilling outcomes, on high-graded Cretaceous targets, over a compressed 6 to 12 months timeframe – with the first well on the ExxonMobil operated Canje Block (Bulletwood-1) due to spud before end 2020.

Snapshot

“The prospect inventory has been established, five drillships are in the basin and more are coming"

Insight Widest with the analysis, Proactive gives perspectives that others don't.

Westmount Energy looks forward to new drilling offshore Guyana

“Where the basin is today, this is not the typical junior resource story"

on 21/12/20