Westmount Energy buys into pipeline of catalysts at it takes shareholding in Africa Oil
- ByProactive Investors
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Westmount Energy Limited is a Jersey-based energy investment company. The investment strategy of the Company is to invest in and provide capital to small and medium-sized companies that have significant growth possibilities. It is focused on investing in the prolific Guyana-Suriname Basin, which is considered to be an emerging hydrocarbon province. The Company has invested in four companies, JHI Associates Inc. (JHI), Cataleya Energy Corporation (CEC), Ratio Petroleum Energy-Limited Partnership and Eco (Atlantic) Oil and Gas Ltd. These companies have interests in three blocks, Canje, Kaieteur and Orinduik, adjacent to the Stabroek Block. These blocks, in combination with Block 47 offshore Suriname, contain an inventory of independent Cretaceous prospects. JHI is an oil exploration company with a 17.5% participating interest in the Canje Block, offshore Guyana. CEC is an oil exploration company with a 25% participating interest in the Kaieteur Block, offshore Guyana.