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Investegate |Westmount Energy Ld Announcements | Westmount Energy Ld: Kaieteur Block investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
Guyana: Kaieteur Block partners extend second well prospect nomination date energy-pedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energy-pedia.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 whi ....