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Westmount Energy Ltd (AIM:WTE) | RNS | Westmount Energy Ld - Stena Carron Drillship movement from Bulletwood-1

Westmount Energy Ltd (AIM:WTE) | RNS | Westmount Energy Ld - Stena Carron Drillship movement from Bulletwood-1
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Investegate |Westmount Energy Ld Announcements | Westmount Energy Ld: Stena Carron Drillship movement from Bulletwood-1

Investegate |Westmount Energy Ld Announcements | Westmount Energy Ld: Stena Carron Drillship movement from Bulletwood-1
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Commencement of drilling operations at Bulletwood, 5 Jan 2021 01:00

Commencement of drilling operations at Bulletwood-1, Canje Block, offshore Guyana Westmount Energy Limited (UK AIM: WTE.L, USA OTCQB: WMELF) is pleased to note the announcement by the Maritime Administration Department, Guyana, dated 1 st January 2021, that the Stena Carron drillship has arrived on location at the Bulletwood-1 wellsite on the Canje Block, offshore Guyana and has commenced drilling operations.   As previously announced, Westmount holds an indirect interest in the Canje Block as a result of its circa 7.2% interest in the issued share capital of JHI Associates Inc. ( JHI ) 1. The Canje Block is currently operated by an ExxonMobil subsidiary, Esso Exploration & Production Guyana Limited (35%), with Total (35%), JHI (17.5%) and Mid-Atlantic Oil & Gas Inc. (12.5%) as partners.

Drilling begins at Canje Block offshore Guyana

Advertisement Guyana s Maritime Administration Department has said that the Stena Carron drillship has arrived on location at the Bulletwood-1 wellsite on the Canje Block, offshore Guyana and has commenced drilling operations. The Canje Block is currently operated by an ExxonMobil subsidiary, Esso Exploration & Production Guyana Limited (35%), with Total (35%), JHI Associates (17.5%) and Mid-Atlantic Oil & Gas Inc. (12.5%) as partners. Previously published information by JHI indicates that Bulletwood-1 is a 500 million bbl oil prospect targeting a Liza look-alike, confined channel complex, of Late Cretaceous, Campanian, age. Based upon the announcement by the Maritime Administration Department drilling operations are scheduled to be completed at Bulletwood-1 on or before 23 February 2021.

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