- Westmount Energy posted modest annual pre-tax profit of around £259k, up from £198k on-year, as it continued to eye potential oil discoveries in Guyana.

The company holds small stakes of 1-3% in companies including JHI, EOG and Ration Petroleum, which will drill around three-to-seven exploration wells offshore Guyana in the coming 12-to-18 months.

'Success in any of these wells could result in transformational value changes for your company,' Westmount said.

At 9:49am: [LON:WTE] Westmount Energy Ltd share price was -0.75p at 15.25p

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