Westmount Energy notes 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 5th June 2021.

Jabillo-1 is the second of 3 exploration wells scheduled for drilling on the Canje block in 20211. Previously published information indicates that Jabillo-1 is a circa 1,000 MMbbl oil prospect targeting a Late Cretaceous, Liza-age equivalent, basin floor fan1.

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.

CANJE BLOCK

• Area  ~4,800 sq km
• Water Depths  1700-3000m
• Location ~180-300km offshore Guyana

CANJE PARTNERS

• ExxonMobil 35% (Operator)
• Total 35%
• JHI Associates, Inc. 17.5%
• Mid-Atlantic Oil & Gas, Inc. 12.5%

KeyFacts Energy: Guyana company/country profiles: JHI Associates   l   ExxonMobil   l   Total