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Westmount Energy updates market on Kaieteur Block ownership

Westmount Energy updates market on Kaieteur Block ownership | Financial News ....

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Westmount Engy. News Headlines. WTE Share News. Financial News Articles for Westmount Energy Limited Ord Npv updated throughout the day.

Mon, 24th May 2021 15:52
(Sharecast News) - Westmount Energy reported on Monday that Hess Corporation has increased its working interest in the Kaieteur Block, offshore Guyana, to 20% from 15%.
The AIM-traded firm said the increase in Hess Corporation s working interest was on the back of the Tanager-1 oil discovery, announced in November, and via the farm-down of a 5% working interest by Cataleya Energy (CEL) to Hess.
It said Tanager-1, the first well drilled on the Kaieteur block, encountered 16 metres of net oil pay in high-quality sandstone reservoirs of Maastrichtian age, and confirmed the extension of the Cretaceous petroleum system and the Liza play fairway outboard from the prolific discoveries on the neighbouring ExxonMobil-operated Stabroek Block. ....

Demerara Mahaica , Gerard Walsh , Campanian Liza , Cataleya Energy Corporation , Westmount Energy , Cataleya Energy , Hess Corporation , Ratio Petroleum , Sharecast News , Kaieteur Block , Exxonmobil Operated Stabroek , Esso Exploration , Production Guyana , Ratio Guyana , Hess Guyana Blockb Exploration , Stabroek Block , Guyana Suriname Basin , Lower Campanian Upper Santonian , Maastrichtian Upper Campanian Liza , டெமென்றாரா மஹைக்க , ஜெரார்ட் வால்ஷ் , வெஸ்ட்மவுண்ட் ஆற்றல் , ஹெஸ் நிறுவனம் , ரேஶியோ பெட்ரோலியம் , கைேதேற் தொகுதி , எஸொ ஆய்வு ,