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.
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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