WESTMOUNT ENERGY LIMITED UK AIM (WTE.L), USA OTCQB (WMELF)
Stena DrillMax images courtesy of Stena Drilling
Access to portfolio of drilling outcomes - Guyana-Suriname Basin
Summary - June 2021
Stena Carron images courtesy of Stena Drilling | www.westmountenergy.com |
The information contained in this presentation document (the "presentation", which term includes any information provided verbally in
connection with this presentation document) does not constitute an offer or solicitation to hold, sell or invest in any security and should not be considered as investment advice or as a sufficient basis on which to make investment decisions. This presentation is being provided to you for information purposes only and is the property of the Company. Making this presentation available in no circumstances whatsoever implies the existence of a commitment or contract by or with the Company, or any of its affiliated entities, or any of its or their respective subsidiaries, directors, officers, representatives, employees, advisers or agents for any purpose.
Whilst this presentation has been prepared in good faith, neither Westmount Energy Limited (the "Company") nor any of its group undertakings nor any of their respective directors, members, advisers, representatives, officers, agent, consultants or employees: (i) makes, or is authorised to make any representation, warranty or undertaking, express or implied, with respect to the information and opinions contained in it or accepts any responsibility or liability as to the accuracy, completeness or reasonableness of such information or opinions; or (ii) accepts any liability whatsoever for any loss howsoever arising, directly or indirectly, from use of or in connection with the information in this presentation.
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The statements contained in this presentation may include "forward looking statements" that express expectations of future events or results. All statements based on future expectations rather than on historical facts are forward looking statements that involve a number of risks and uncertainties and the Company cannot give assurance that such statements will prove to be correct. Any forward looking statements made by or on behalf of the Company speak only as of the date they are made. The Company gives no undertaking to update forward looking statements to reflect any changes in expectations, events, conditions or circumstances upon which such statements are made.
Slide 2 | www.westmountenergy.com |
Introduction
Listed on AIM (WTE.L) and OTCQB (WMELF) Westmount Energy Ltd. is
- Guyana-Surinamefocused oil and gas exploration Company with investments which offer exposure to ongoing ExxonMobil operated, drilling on the Canje Block, in one of the most prolific emerging hydrocarbon provinces worldwide.
Capital Structure
- Ordinary shares1 144,051,486
- Market Capitalisation1 ~GBP£16.8M (closing share price 11.65p)
- Share Options1 4,500,000; No Warrants outstanding
- No debt
- Cash2 ~GBP£1.3M
Major Shareholders1
Board | Broker / NOMAD |
• Gerard Walsh (Chairman) | Cenkos Securities Plc |
- Dermot Corcoran
- David King
- Thomas O'Gorman
Original Map Source: ExxonMobil Presentation 2018 | Note 1: As of the 4th June 2021; | |
Note 2: As of the 31st March 2021 | www.westmountenergy.com | |
Slide 3 | ||
Company Snapshot
- Strategic investments used to establish position in prolific, emerging, Guyana-Suriname Basin
- 18 out of 22 expl. successes on Stabroek Block; ~9 bn boe discovered to date - mostly in M-C (Maastrichtian-Campanianinterval)
- Tanager-1Maastrichtian Discovery - 65.3 MMbbls 2C (42.7 MMbbls Net Kaieteur Block)1 - currently non-commercialas stand-alonedevelopment
- Bulletwood-1 confirms petroleum system - with quality reservoirs & hydrocarbons - analysis ongoing
- WTE leveraged exposure to next two ExxonMobil operated Canje wells in Q2/Q3 2021- independent prospects - Jabillo-1(1,000 MMbbls)2 M-C
- Sapote-1 M-C + deeper potential - Jabillo-1 top-hole section drilled; ops now resumed after maintenance
Notes: 1NSAI CPR dated 14th Feb, 2021 2www.jhiassociates.com; 3As of 31st May 2021
Slide 4
WTE Indirect Interests3
Canje Block (JHI ~7.7%)
Kaieteur Block (Cataleya ~5.3%)
Kaieteur Block (Ratio Pet.<0.04%)
Orinduik Block (Eco ~0.8%)
Block 47 (Ratio Pet.<0.04%)
Original Map Source: ExxonMobil Presentation 2018
Drillships working (Guyana) Q2 2021
Stena Carron (Guyana)
Noble Bob Douglas (Guyana)
Noble Tom Madden (Guyana)
Noble Don Taylor (Guyana)
Noble Sam Croft (Guyana)
Stena DrillMax (Guyana)
www.westmountenergy.com
Westmount Energy Ltd. - Investment Portfolio - 31st May 2021
Guyana - Strategic Corporate Investments | |||
UnListed - Private Corporations | Approximate Holding | Main Asset | |
JHI Associates Inc. | 5,651,270 common shares | ~7.7% issued shares1 | 17.5% Canje Block |
Cataleya Energy Corp. | 567,185 common shares | ~5.3% issued shares2 | 25% Kaieteur Block |
Listed - Public Corporations | |||
Eco Atlantic Oil & Gas Ltd. | 1,500,000 common shares | ~0.8% issued shares | 15% Orinduik Block |
Ratio Petroleum LP | 89,653 share units | ~0.04% issued shares | 25% Kaieteur Block |
Non-Guyana - Energy Investments | |||
Listed - Public Corporations | |||
Argos Resources Ltd. | 1,000,000 common shares | ~0.4% issued shares | 100% PL001 Falkland. Is. |
Other | |||
- Assumes same number of shares in issue as at 13th November 2019
- Assumes same number of shares in issue as at 10th August 2020
Slide 5 | www.westmountenergy.com |
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Disclaimer
Westmount Energy Ltd. published this content on 07 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2021 17:38:04 UTC.
