Westmount confident in investments as losses narrow
24th Mar 2023 15:45
(Sharecast News) - Oil and gas investor Westmount Energy reported a cash balance of £0.86m with no debt in its interim results on Friday.
Read moreWestmount Energy confirms start of drilling at Sapote-1
26th Aug 2021 12:54
(Sharecast News) - Westmount Energy said on Thursday that the Guyana Maritime Administration Department has confirmed that the Stena DrillMAX drillship would start drilling operations at the Sapote-1 wellsite on the Canje Block, offshore Guyana, on 28 August.
Read moreWestmount Energy upbeat on progress at investee JHI
5th Jul 2021 16:34
(Sharecast News) - Guyana-Suriname Basin-focussed oil and gas investment company Westmount Energy had been told by its investee company JHI Associates that the Jabillo-1 well on the Canje Block had been safely drilled in 2,903 meters of water by the Stena Carron drillship, it announced on Monday, to its planned target depth of 6,475 meters.
Read moreWestmount Energy updates market on Kaieteur Block ownership
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%.
Read moreWestmount Energy buys another 250,000 JHI shares
22nd Dec 2020 15:06
(Sharecast News) - Westmount Energy has purchased 250,000 shares in JHI Associates for $0.4m (£0.3m), it announced on Tuesday.
Read moreWestmount takes 12.7pc stake in JHI Associates
10th Sep 2020 14:56
(Sharecast News) - Westmount has purchased 1,550,000 common shares in JHI Associates, it announced on Thursday, by issuing 18,290,000 new ordinary shares, representing 12.7% of its enlarged issued share capital.
Read moreWestmount Energy takes stake in JHI Associates
12th May 2020 15:39
(Sharecast News) - Westmount Energy has purchased 1,350,000 shares in JHI Associates, it announced on Tuesday, through the issue of 15,930,000 new ordinary Westmount shares, representing around 12.7% of its enlarged issued capital.
Read moreWestmount Energy profit rises as it focuses on single-asset firms
31st Oct 2019 11:45
(Sharecast News) - Westmount Energy reported an operating profit of £2.01m for the year ended 30 June on Thursday, up from £0.56m year-on-year.
Read moreWestmount Energy looks to raise ?5m via share placing
23rd Aug 2019 08:08
(Sharecast News) - Oil and gas investment firm Westmount Energy said on Friday that it is looking to raise up to £5m in a placing of 38.46m new ordinary shares of 13p each.
Read moreWestmount Energy acquires stake in Eco (Atlantic) Oil & Gas
8th Feb 2017 14:31
(ShareCast News) - Westmount Energy's shares are up 2% as it acquired a stake in Eco (Atlantic) Oil & Gas Ltd (EOG) to obtain a low-cost exposure to the Orinduik block in the Guyana basin. The company subscribed for about 3.13m shares Eco at 16p each, funded from Westmount's existing resources and a
Read moreWestmount Energy plunges on wider annual loss
20th Nov 2015 12:02
(ShareCast News) - Shares in Westmount Energy plunged on Friday, after the group reported a wider annual pre-tax loss and unveiled plans to raise funds. In the year to 30 June, the London-listed company posted a pre-tax loss of £222,239, 8.09% wider year-on-year, on the back of a difficult year for
Read moreLondon close: Footsie finishes above 6,000
24th Dec 2010 12:55
A late spurt by Footsie in the truncated afternoon trading session did the headline writers a favour and pushed the blue-chip index above the 6,000 level. Trading volumes were low, and corporate news was as thin as the veneer of snow still covering large parts of Britain. Struggling sportswear r
Read moreLondon open: JJB backers rally round
24th Dec 2010 08:37
Trading is every bit as quiet as might be expected on the day before Christmas, with the blue-chip index marginally easier, disappointing those hoping for a move above the 6,000 level. Struggling sportswear retailer JJB Sports has done its best to inject a bit of excitement into proceedings with de
Read moreSmall caps: Media Corp upbeat, Cyprotex on track, Westmount to return 45p...
24th Dec 2010 07:28
Media Corp has seen the best start to a year ever for its online advertising arm, Eyeconomy, with the company describing business as "exceptionally strong". Advertising bookings are a record since the 2011 financial year started in October, Media Corp added. Purple Lounge, Media Corp's online gami
Read moreSmall caps round-up: Avanti Communications, Cash Converters, Gable...
22nd Sep 2009 10:37
Satellite operator Avanti Communications swung to a full-year pre-tax profit of £1.8m compared with a loss of £1.4m last time, while revenue increased to £8m from £5.9m previously. Franchised used goods retailer Cash Converters saw profit before tax in the year to 30 June 2009 rise to $23.3m from $
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