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Westmount Energy Ltd

  • BY: Andrew Hore |
  • POSTED: 04/11/2019 |

Westmount Energy made a pre-tax profit of £2.01m in the year to June 2019 thanks to strong performances from Eco (Atlantic) Oil and Gas Ltd and Ratio Petroleum. 

The focus is investments in the Guyana-Suriname basin. Westmount has investments that will benefit from drilling in the region by ExxonMobil.

The NAV was £5.93m at the end of June 2019, but since then £5.57m has been raised at 13p a share. Also, convertible loan interest has been paid in shares. A further 313,500 shares have been acquired in Cataleya Energy Corp for £2.46m.

At 17p a share, Westmount is valued at £18.7m. 

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