Westmount Energy Limited
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- Westmount Energy Limited is an energy investment company that invests in and provides follow-on capital to small and medium-sized companies with significant growth possibilities in the upstream oil and gas sector. The company focuses on the prolific Guyana-Suriname Basin, an emerging hydrocarbon province adjacent to ExxonMobil's Stabroek Block; its core investments include JHI Associates Inc., with a 17.5% participating interest in the Canje Block offshore Guyana; Cataleya Energy Corporation, holding a 25% participating interest in the Kaieteur Block offshore Guyana; Ratio Petroleum Energy Limited Partnership, with 25% interests in the Kaieteur Block offshore Guyana and Block 47 offshore Suriname; and Eco (Atlantic) Oil and Gas Ltd., carrying a 15% participating interest in the Orinduik Block offshore Guyana. Westmount Energy targets seed capital opportunities in oil and gas exploration and production, particularly Cretaceous prospects offering portfolio diversification and exposure to multi-well drilling campaigns. Incorporated in Jersey on 1 October 1992 and headquartered at Floor 4, Liberation House, Castle Street, St. Helier, Jersey JE1 4HH, the company lists its shares on the UK AIM market under the ticker WTE.L (OTC: WMELF). Recent developments include ongoing farm-down processes on the Kaieteur Block led by operator Ratio Petroleum, with ExxonMobil resuming appraisal drilling at the proximal Ranger Discovery; suspended merger discussions between Ratio Energy Partnership Ltd. and Ratio Petroleum until year-end 2025; and active farmout efforts by Eco (Atlantic) on the Orinduik Block targeting Cretaceous light oil plays, alongside evaluations of the Jethro and Joe heavy oil discoveries, as highlighted in the final results for the year ended 30 June 2025 reporting a loss after tax of £551,794. In November 2025, the company announced final accounts and notice of AGM, noting broader basin activity such as TotalEnergies' production sharing contract for Suriname's shallow water Block S4 and new PSCs involving Petronas, Chevron, and QatarEnergy for Blocks 9 and 10 offshore Suriname. Westmount Energy maintains indirect exposure to exploration drilling on the Canje and Orinduik blocks through recent share purchases in related entities like Africa Oil Corp.
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