Westmount Energy Boosts Prospects with Namibia Oil Drilling
Company Announcements

Westmount Energy Boosts Prospects with Namibia Oil Drilling

Westmount Energy (GB:WTE) has released an update.

Westmount Energy is capitalizing on its investment in Africa Oil Corp as drilling resumes on the promising Tamboti-1X well in Namibia, targeting a substantial 1 billion barrel opportunity. The strategic farm-down deal with TotalEnergies ensures that exploration, appraisal, and development costs are fully covered, enhancing the financial appeal of this venture. Investors are keenly watching the Orange Basin, with potential significant resource additions anticipated alongside the ongoing development of the giant Venus oil accumulation.

For further insights into GB:WTE stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskWestmount Energy Adjusts Trading Strategy Amid Cost-Cutting
TipRanks UK Auto-Generated NewsdeskWestmount Energy Announces New Jersey Address
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App