Exxon did not returned 45% of Kaieteur Block since 2022 kaieteurnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kaieteurnewsonline.com Daily Mail and Mail on Sunday newspapers.
Westmount Energy release
Westmount Energy Limited (UK AIM: WTE.L, USA OTCQB: WMELF), is pleased to note the announcement by Ratio Petroleum Energy Limited Partnership (“Ratio Petroleum”) yesterday, that Hess Corporation (“Hess”) has increased its working interest (“WI”) in the Kaieteur Block, offshore Guyana, from 15% to 20%.
Source: Reuters
This increase in Hess Corporation’s Kaieteur Block WI has occurred on the back of the Tanager-1 oil discovery, announced in November 2020, and via the farm-down of a 5% WI by Cataleya Energy Limited (“CEL”) to Hess.
Tanager-1, the first well drilled on the Kaieteur block, encountered 16 metres of net oil pay (20
oAPI oil) in high-quality sandstone reservoirs of Maastrichtian age and confirmed the extension of the Cretaceous petroleum system and the Liza play fairway outboard from the prolific discoveries on the neighbouring ExxonMobil operated Stabroek Block. The well was reported as an oil discovery which is currently co
The increase was made via a farm down by Cataleya Energy Ltd. of a 5% working interest in the Kaieteur Block offshore Guyana, increasing Hess’ interest to 20% from 15%.
TRADING UPDATES: HSBC issues bond notes; Zegona to return capital
Mon, 24th May 2021 19:23
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Aberdeen Standard European Logistics Income PLC - European-focused logistics real estate investor - Posts net asset value peer share at March 31 of 121.6 euro cents, up from 120.1 cents at December 31. Declares first interim dividend of 1.41 cents per share. Portfolio valuation up 1.6% to EUR437.1 million from EUR430.2 million.
Accsys Technologies PLC - wood building products manufacturer - Says it has received valid acceptances under the open offer, announced early May, and the excess application facility significantly in excess of the 2.4 million new shares available. Says the gross proceeds of the open offer will be approximately EUR4 million, and the aggregate gross proceeds of the placing and the open offer will be around EUR37 million.