IN BRIEF: Westmount Energy Buys 288,000 JHI Associates Shares

Westmount Energy Ltd - South America-focused energy investor - Purchases 287,500 shares in JHI ...

Alliance News 18 January, 2021 | 12:07PM
Email Form Facebook Twitter LinkedIn RSS

Westmount Energy Ltd - South America-focused energy investor - Purchases 287,500 shares in JHI Associates Inc at a cost of CAD718,750, or GBP415,166. Says it holds a total of 5.7 million shares in JHI following the purchase, representing approximately 7.7% of the issued shares. Notes JHI's main asset is an 18% interest in the Canje Block, offshore Guyana.

"This investment is consistent with Westmount's strategy of seeking exposure to opportunities in the prolific Guyana-Suriname Basin, which the board considers to be a major emerging hydrocarbon province," says Westmount.

Current stock price: 20.20 pence

Year-to-date change: up 15%

By Zoe Wickens; zoewickens@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Westmount Energy Ltd 1.65 GBX 0.00 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures