Westmont Resources, Inc. (WMNS) Issues Update on Oil and Gas Operations
Westmont Resources, Inc. issued an operational and financial update related to the company’s oil and gas activities in the United States, where it is active in Pennsylvania and other areas. Westmont Resources signed a memorandum of understanding on the purchase of acreage leasehold in Westmoreland County. The prospective lease is approximately 252 net acres, contains three producing wells and has a natural gas and oil gathering pipeline system. The company believes that the acreage is prospective for the Marcellus Shale and several other formations. Westmont Resources has set a corporate goal of obtaining 3,650 net acres of leasehold with exposure…