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Westmount Energy release Westmount Energy Limited (UK AIM: WTE.L, USA OTCQB: WMELF), is pleased to note the announcement by Ratio Petroleum Energy Limited Partnership (“Ratio Petroleum”) yesterday, that Hess Corporation (“Hess”) has increased its working interest (“WI”) in the Kaieteur Block, offshore Guyana, from 15% to 20%. Source: Reuters This increase in Hess Corporation’s Kaieteur Block WI has occurred on the back of the Tanager-1 oil discovery, announced in November 2020, an...

Hess increases stake in Kaieteur Block, offshore Guyana 25 May 2021 (Last Updated May 25th, 2021 15:28) Hess Corporation has increased its stake in Kaieteur Block, offshore Guyana, to 20%. Share Article The Tanager-1 well is currently considered to be non-commercial. Credit: Kevin Harris / Unsplash. Hess Corporation has acquired an additional 5% stake in the Kaieteur Block, offshore Guyana, from Cataleya Energy for an undisclosed sum. The transact...

Guyana: Hess increases its working interest in the Kaieteur Block, offshore Guyana 24 May 2021 Hess has increased its working interest (WI) in the Kaieteur Block, offshore Guyana, from 15% to 20%. This increase in Hess Corporations Kaieteur Block WI has occurred on the back of the Tanager-1 oil discovery, announced in November 2020, and via the farm-down of a 5% WI by Cataleya Energy Limited (CEL) to Hess.   Tanager-1, the first well drilled on the Kaieteur block, encountered 16 metres of n...

Westmount Energy welcomes Hess Corps increased stake in Kaieteur Block "We believe this farm-in transaction reflects confidence in the prospective resource potential of the Kaieteur Block and augurs well for the continuing exploration of the area," said Westmount executive chairman Gerard Walsh Westmount Energy Ltd (LON:WTE) noted that Hess Corporation has increased its interest in the Kaieteur Block, offshore Guyana, to 20% from 15%. Hess has acquired its additional working interest (WI) fro...

Westmount Energy welcomes Hess Corps increased stake in Kaieteur Block "We believe this farm-in transaction reflects confidence in the prospective resource potential of the Kaieteur Block and augurs well for the continuing exploration of the area," said Westmount executive chairman Gerard Walsh Westmount Energy Ltd (LON:WTE) noted that Hess Corporation has increased its interest in the Kaieteur Block, offshore Guyana, to 20% from 15%. Hess has acquired its additional working interest (WI) fro...

The increase was made via a farm down by Cataleya Energy Ltd. of a 5% working interest in the Kaieteur Block offshore Guyana, increasing Hess’ interest to 20% from 15%.