Business
Portfolio Update & New Corporate Presentation
Portfolio Update & New Corporate Presentation.
About this update from Westmount Energy Limited
[{"type":"text","content":"\n \n \n RNS Number : 5709V\n Westmount Energy Limited\n 10 August 2020\n \n \n \n \n 10th August 2020\n \n \n WESTMOUNT ENERGY LIMITED\n \n \n (\"Westmount\" or the \"Company\")\n \n \n \n \n \n Portfolio Update\n \n \n New Corporate Presentation\n \n \n \n \n \n Westmount Energy Limited (WTE.L), the AIM-quoted investing company with a focus on companies in the energy sector, is pleased to announce that the Company's new 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 Westmount's investment portfolio in the Guyana-Suriname Basin is composed of four investee companies as summarised in the table below. These investee companies offer exposure to drilling outcomes with respect to four blocks in the basin - the Kaieteur, Canje and Orinduik Blocks, offshore Guyana and Block 47, offshore Suriname. The current focus of this portfolio is the three investee companies (Cataleya Energy Corporation, Ratio Petroleum Energy Limited Partnership and JHI Associates Inc.) which offer exposure to the imminent, ExxonMobil operated, drilling campaign on the Kaieteur and Canje Blocks. Together, these three companies constitute approximately 92%3 of the Company's portfolio based on the Company's latest published balance sheet as at 31st December 2019. \n \n \n \n \n \n This portfolio provides the Company's shareholders with exposure to a range of independent, Upper Cretaceous, prospects in the Liza play fairway and multiple ExxonMobil-operated, high-impact wells. The Westmount Board expects outcomes from these wells to be seen over the next 6-12 months.\n \n \n \n \n \n As at the 31st July 2020, Westmount's share investments with exposure to the Guyana-Suriname Basin are as follows:\n \n \n \n \n \n \n \n \n \n Company\n \n \n \n \n Quotation\n \n \n \n \n Westmount Holding\n \n \n \n \n Approx. Percentage of Issued Shares\n \n \n \n \n Main Asset\n \n \n \n \n \n \n JHI Associates Inc.\n \n \n \n \n Unquoted\n \n \n \n \n 3,563,770\n \n \n \n \n 4.8%1\n \n \n \n \n 17.5% Canje Block\n \n \n \n \n \n \n Cataleya Energy Corporation\n \n \n \n \n Unquoted\n \n \n \n \n 567,185\n \n \n \n \n 5.2%2\n \n \n \n \n 25% Kaietur Block\n \n \n \n \n \n \n Ratio Petroleum Energy LP\n \n \n \n \n Quoted\n \n \n \n \n 1,20...