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Westmount Energy ( (GB:WTE) ) has shared an update.
Westmount Energy Limited has announced its unaudited interim results for the six months ending December 31, 2024, highlighting strategic developments in its investment portfolio. The company has secured a one-year extension for the Canje Block license and is involved in ongoing farm-down discussions for the Kaieteur and Orinduik Blocks in Guyana. The company maintains a diverse portfolio with significant holdings in JHI Associates Inc, Cataleya Energy Corporation, Eco (Atlantic) Oil & Gas Ltd, and Africa Oil Corp. Despite reporting a financial loss due to non-cash losses on financial assets and foreign exchange movements, Westmount continues to focus on optimizing cash resources and exploring consolidation opportunities to enhance shareholder value.
More about Westmount Energy
Westmount Energy Limited is an AIM-quoted oil and gas investment company focused on the Guyana-Suriname Basin. The company primarily engages in investing in high-impact exploration and appraisal drilling programs in key exploration hotspots, including the deepwater Guyana-Suriname Basin and the Orange Basin in Namibia-South Africa.
YTD Price Performance: -31.25%
Average Trading Volume: 234,135
Technical Sentiment Signal: Buy
Current Market Cap: £792.3K
See more insights into WTE stock on TipRanks’ Stock Analysis page.