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Westmount Energy welcomes Hess upping stake in Kaieteur offshore Guyana
StockMarketWire.com
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Oil company Westmount Energy welcomed news that Hess has upped its interest in the Kaieteur block, offshore Guyana, from 15% to 20%.
Westmount Energy owned about 5.3% of Cataleya Energy, which owned 20% of the the Kaieteur block.
The increase by Hess occurred on the back of the Tanager-1 oil discovery, announced in November, and via the farm-down of a 5% interest by Cataleya Energy.
At 8:42am: (LON:WTE) Westmount Energy Ltd share price was 0p at 21p
Story provided by StockMarketWire.com
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