Westmount Energy Limited (AIM:WTE, OTCQB:WMELF) has noted Africa Oil and Eco (Atlantic) statements regarding the farm-in by TotalEnergies and QatarEnergy into Blocks 3B/4B in the Orange Basin, offshore South Africa.
Upon completion of the transaction the participating interests in Block 3B/4B, held via their respective subsidiaries, will be as follows: TotalEnergies 33% (operator), Qatar Energy 24%; Ricocure (Proprietary) Ltd. 19.75%; Africa Oil Corp (TSX:AOI) 17% and Eco (Atlantic) Oil & Gas Ltd. 6.25%.
Westmount retains a holding of 300,000 shares in AOC, representing approximately 0.065% of the shares and 0.4% of Eco.
Shares in Westmont were unchanged at 1.6p.