REG - Westmount Energy Ld - Drilling operations at Jabillo-1

Westmount EnergyAnnouncement

07/06/2021 07:05

RNS Number : 9564A
  
Westmount Energy Limited
  
07 June 2021
  
 

 
 
7th June 2021
WESTMOUNT ENERGY LIMITED
("Westmount" or the "Company")
Re-commencement of drilling operations at Jabillo-1, Canje Block, offshore Guyana
Westmount Energy Limited (UK AIM: WTE.L, USA OTCQB: WMELF) is pleased to note the announcement by the Maritime Administration Department, Guyana, that the Stena Carron drillship will re-commence exploration drilling operations at the Jabillo-1 wellsite on the Canje Block, offshore Guyana on the 5th June 2021.
 
Jabillo-1 is the second of 3 exploration wells scheduled for drilling on the Canje block in 20211. Previously published information indicates that Jabillo-1 is a circa 1,000 MMbbl oil prospect targeting a Late Cretaceous, Liza-age equivalent, basin floor fan1.
 
Westmount holds an indirect interest in the Canje Block as a result of its circa 7.7% interest in the issued share capital of JHI Associates Inc. ("JHI")2. Following a 2018 farm-out to Total, JHI is carried for the drilling of the Jabillo-1 well and is funded for the drilling of additional wells.
 
The Canje Block is currently operated by an ExxonMobil subsidiary, Esso Exploration & Production Guyana Limited (35%), with Total (35%), JHI (17.5%) and Mid-Atlantic Oil & Gas Inc. (12.5%) as partners.



Westmount is also pleased to announce that the Company's updated corporate presentation can be viewed on, or downloaded from, its website at http://www.westmountenergy.com/presentations/.
 
 
1 JHI's Website https://www.jhiassociates.com
2 Based on JHI's issued share capital as at 30th August 2019
 
 

For further information, please contact:
 
Westmount Energy Limited                              www.westmountenergy.com
David King, Director                                          Tel: +44 (0) 1534 823059
Anita Weaver                                         
 
Cenkos Securities plc (Nomad and Broker)       Tel: +44 (0) 20 7397 8900
Nicholas Wells/Neil McDonald (Corporate Finance)

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