Bloque 3B/4B Orange Basin – Farm-down de las participadas
Jupiter Second Split Trust orientó acciones de Gwth
25.75p
16:44 10/11/14
6th Marzo 2024
ENERGÍA WESTMOUNT LIMITADA
("Westmount" o la "Compañía")
Block 3B/4B Orange Basin, South Africa - Investees' Farm-down to TotalEnergies and Qatar Energy
Westmount Energía limitada (Reino Unido OBJETIVO: WTE.L, EE. UU. OTCQB: WMELF), the AIM-quoted oil and gas investing company focussed on high impact drilling outcomes in emerging basins, is pleased to note this morning's announcements by its investee companies Africa Oil Corp. ("AOC"; TSX: AOI.TO, Nasdaq Estocolmo: AOI.ST) and Eco (Atlantic) Oil & Gas Ltd. ("Ecológico"; TSX: EOG.V, OBJETIVO: ECO.L) with respect to the farm-in of TotalEnergies EP South Africa B.V. ("Energías Totales") and QatarEnergy International E&P LLC ("QatarEnergy") to Blocks 3B/4Bin the Orange Basin, offshore South Africa.
The farm-down agreement, which was entered jointly by the Block 3B/4B JV partners AOC, Eco and Ricocure (Proprietary) Ltd. ("Ricocure"), will upon completion result in the transfer of an aggregate 57% participating interest to TotalEnergies and QatarEnergy for considerations of cash and carries which are expected to fund up to two wells on the block. Details of these transactions are provided in the links below.
Upon completion of the transaction the participating interests in Block 3B/4B, held via their respective subsidiaries, will be as follows:
TotalEnergies 33% (operator)
Qatar Energy 24%
Ricocure (Proprietary) Ltd. 19.75%
Africa Oil Corp 17%
Eco (Atlantic) Oil & Gas Ltd. 6.25%
This transaction highlights the continuing appetite amongst major players for exploration drilling in the prolific, emerging, Orange Basin where seven discoveries have been reported since early 2022 and with hydrocarbons now proven to be present at multiple stratigraphic levels. Block 3B/4B lies on trend with multiple discoveries in the Namibian sector of the Orange basin, including the giant Venus discovery, and the recently announced Mangetti-1x discovery on Block 2913B.
Westmount's retains a holding of 300,000 shares in AOC, representing approximately 0.065% of the issued common shares in AOC as of 29th February 2024. Westmount holds 1,500,000 shares in Eco representing approximately 0.4% of the issued common shares in Eco as of 2nd 2023 agosto.
https://africaoilcorp.com/news/africa-oil-announces-strategic-farm-down-agreement-122917/
https://polaris.brighterir.com/public/eco_atlantic_oil_gas_plc/news/regulatory_news/story/w1kk61x
Para más información, por favor póngase en contacto con:
Westmount energía limitada | www.westmountenergy.com |
David King, director | Tel: + 44 (0) 1534 823000 email: GME@dhr-rgv.com |
Cavendish Capital Markets Limitado (Nómada y Broker) |
|
Neil McDonald/Peter Lynch (Finanzas corporativas)
| Tel: + 44 (0) 20 7397 8900 |
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