Business
Drilling operations at Jabillo-1
Drilling operations at Jabillo-1.
About this update from Westmount Energy Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 9564A\n Westmount Energy Limited\n 07 June 2021\n \n \n \n \n \n \n \n \n \n \n 7th June 2021\n \n \n WESTMOUNT ENERGY LIMITED\n \n \n (\"Westmount\" or the \"Company\")\n \n \n Re-commencement of drilling operations at Jabillo-1, Canje Block, offshore Guyana\n \n \n 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.\n \n \n \n \n \n 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.\n \n \n \n \n \n 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.\n \n \n \n \n \n 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.\n \n \n Westmount is also pleased to announce that the Company's updated corporate presentation can be viewed on, or downloaded from, its website at \n \n http://www.westmountenergy.com/presentations/\n \n .\n \n \n \n \n \n \n \n \n \n \n 1\n \n \n \n JHI's Website \n \n \n https://www.jhiassociates.com\n \n \n \n \n \n 2\n \n \n \n Based on JHI's issued share capital as at 30th August 2019\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n For further information, please contact:\n \n \n \n \n \n \n Westmount Energy Limited \n \n \n www.westmountenergy.com\n \n \n \n David King, Director Tel: +44 (0) 1534 823059\n \n \n Anita Weaver \n \n \n \n \n \n \n Cenkos Securities plc \n \n (\n Nomad and Broker) Tel: +44 (0) 20 7397 8900\n \n \n Nicholas Wells/Neil McDonald (Corporate Finance)\n \n \n \n This information is provided ...