TIDMWTE

RNS Number : 9564A

Westmount Energy Limited

07 June 2021

7(th) June 2021

WESTMOUNT ENERGY LIMITED

("Westmount" or the "Company")

Re-commencement of drilling operations at Jabillo-1, Canje Block, offshore Guyana

Westmount Energy Limited (UK AIM: WTE.L, USA OTCQB: WMELF) is pleased to note the announcement by the Maritime Administration Department, Guyana, that the Stena Carron drillship will re-commence exploration drilling operations at the Jabillo-1 wellsite on the Canje Block, offshore Guyana on the 5(th) June 2021.

Jabillo-1 is the second of 3 exploration wells scheduled for drilling on the Canje block in 2021(1) . Previously published information indicates that Jabillo-1 is a circa 1,000 MMbbl oil prospect targeting a Late Cretaceous, Liza-age equivalent, basin floor fan(1) .

Westmount holds an indirect interest in the Canje Block as a result of its circa 7.7% interest in the issued share capital of JHI Associates Inc. ("JHI")(2) . Following a 2018 farm-out to Total, JHI is carried for the drilling of the Jabillo-1 well and is funded for the drilling of additional wells.

The Canje Block is currently operated by an ExxonMobil subsidiary, Esso Exploration & Production Guyana Limited (35%), with Total (35%), JHI (17.5%) and Mid-Atlantic Oil & Gas Inc. (12.5%) as partners.

Westmount is also pleased to announce that the Company's updated corporate presentation can be viewed on, or downloaded from, its website at http://www.westmountenergy.com/presentations/ .

(1) JHI's Website https://www.jhiassociates.com

(2) Based on JHI's issued share capital as at 30th August 2019

For further information, please contact:

   Westmount Energy Limited                              www.westmountenergy.com 
   David King, Director                                          Tel: +44 (0) 1534 823059

Anita Weaver

   Cenkos Securities plc ( Nomad and Broker)       Tel: +44 (0) 20 7397 8900

Nicholas Wells/Neil McDonald (Corporate Finance)

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June 07, 2021 02:00 ET (06:00 GMT)

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