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Westmount Energy welcomes Hess Corp s increased stake in Kaieteur Block We believe this farm-in transaction reflects confidence in the prospective resource potential of the Kaieteur Block and augurs well for the continuing exploration of the area, said Westmount executive chairman Gerard Walsh Westmount Energy Ltd (LON:WTE) noted that Hess Corporation has increased its interest in the Kaieteur Block, offshore Guyana, to 20% from 15%. Hess has acquired its additional working interest (WI) from Cataleya Energy. It follows the drilling of the Tanager-1 well back in November when it made a discovery, deemed as non-commercial on a standalone basis. London-listed Westmount’s interest in the project is indirect, via shareholdings in minority partners Catelya and Ratio Petroleum (5.3% and 0.04% respectively). ....
Follow John on: A look at some of the major movers in London on Monday OnTheMarket PLC (LON:OTMP) advanced 6.1% to 87.5p after it announced a commercial partnership with rental platform Canopy. The partnership will enable OnTheMarket to provide its agent customers with free comprehensive tenant referencing, including employment and landlord references, for all tenancy applications. Canopy s RentPassport includes Experian credit history, adverse financial history and provides verification of identity and address along with Know Your Customer, Anti Money Laundering and other information. The Canopy and OnTheMarket rental platform will be live in July 2021. 3.30pm: Synairgen wanted after its inhaled interferon beta shows potential antiviral activity ....
FTSE 100 rouses itself in the afternoon hours; Wall Street eagerly picks up the baton Companies Follow John on: London s leading index ended Monday up 34 points, 0.5%, at 7,052 FTSE 100 up 34 points Bitcoin bounces back 5.05pm: Positive day for tech London s leading index ended Monday up 34 points, 0.5%, at 7,052, while the FTSE 250 added 84 points, 0.4%, to close at 22,484. Stocks have resumed their march higher it seems, adding to the gains made in the second half of last week as inflation concerns appear to recede, IG Chief Market Analyst Chris Beauchamp wrote. Risk assets are moving higher on a broad front, with almost all major indices in positive territory and oil prices marching upwards as well. ....
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%. ....