Westmount Energy Ord Shs WMELF

Financial Services Asset Management

Westmount Energy Limited is an energy investment company. Its investment strategy is to invest in and provide follow on capital to small and medium sized companies that have significant growth possibilities. It is focused on investing in the prolific Guyana-Suriname Basin, which is an emerging hydrocarbon province. It has invested in four companies: JHI Associates Inc. (JHI), Cataleya Energy Corporation (CEC), Ratio Petroleum Energy Limited Partnership and Eco (Atlantic) Oil and Gas Ltd. These companies have interests in three blocks, Canje, Kaieteur and Orinduik Blocks immediately adjacent to the Stabroek Block. These three blocks, in combination with Block 47 offshore Suriname, contain a substantial inventory of independent Cretaceous prospects. JHI is a Canadian oil exploration company with a 17.5% participating interest in the Canje Block, offshore Guyana. CEC is a Canadian oil exploration company with a 25% participating interest in the Kaieteur Block, offshore Guyana.

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Westmount Energy Ord Shs

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Post by Carbonbullon Jan 29, 2021 11:06am

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from exon

The company last month began spudding its first well in the controversial Canje Block and said it was expected to be on location for several weeks.

A notice by the Maritime Administration Department (MARAD) had stated that as of January 1st, 2021, the company would continue with the exploration drilling operation at the Bulletwood-1 well site with those works expected to end by February 23rd.

ExxonMobil had said that it has some three wells scheduled to be drilled in the Canje block.

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