News

June 15th, 2011
• Westmont's Receives Final Approval on European Bond Funding Scheme
The financing will support Westmont's continued expansion and strengthen the company's growing technology development program....
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June 14th, 2011
• Westmont's "FracSolv" Completes the First and Second Laboratory Tests Successfully
FracSolv™ was developed exclusively for Westmont in a collaborative effort between NuEarth Corporation R&D, TerraSolv Laboratory, and the Avalon Group Ltd R&D. The FracSolv™ formula is loosely based on The Avalon Group Ltd's original AquaSolv™ product formulation which have passed all testing requirements currently being completed on FracSolv™. The final two laboratory tests required to complete prior to field usage are the 6 month freeze test and the 6 month degradable residual test due to complete on September 21, 2011....
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May 26th 2010
• Westmont Resources Begins Oil Production in Pennsylvania and West Virginia
Westmont Resources announced today that they have completed an agreement that will extend Westmont's reach and resources with the acquisition of a total of 3,400 acres and 120 existing wells in the Marcellus Shale region in the southwest tier of Pennsylvania and northwest tier of West Virginia.
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May 5th, 2011
• Westmont Resources Files 3rd Quarter Form 10Q With Financial Review and Completes Investor Interview
(OTCQB: WMNS), is pleased to announce it has filed its Quarterly Report for the third Quarter ending February 28, 2011 on Form 10Q and accompanying financial review performed by Malone & Bailey (M&B) of Houston, Texas.
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May 4th, 2011
A New Audio Interview with Dr. Bruce Fischer, Chairman and CEO of Westmont Resources, Inc., is now at SmallCapVoice.com
SmallCapVoice.com, Inc. announced today that a new audio interview with Westmont Resources Inc. (WMNS.PK) is now available.
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April 23rd, 2011
WESTMONT RESOURCES INC. Financials
http://finance.yahoo.com/q/is?s=wmns.pk

 

April 19th, 2011
Form 10-Q for WESTMONT RESOURCES INC.
http://biz.yahoo.com/e/110419/wmns.pk10-q.html

 

April 18th, 2011
Westmont's Beta Project to Cleanly Recover Heavy Oil Shows Success
The "beta" pilot program to demonstrate the effectiveness of Parker Technologies' enhanced heavy oil extraction method yielded dramatic results. Production increased from 1-2 bbl per day to a sustained 100 bbl per day.
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April 13th. 2011
Westmont Moves Toward Goal of Clean Energy Extraction
("Westmont"), today announces it is closer to reaching its goal, through the introduction of Eco-Recovery4 (ER4), to dramatically reduce the adverse environmental impacts of competing conventional oil and gas extraction methods. This increases the potential for universal acceptance of ER4 as the preferred extraction alternative by operators, regulators, environmentalists and the public.
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April 11th, 2011
Westmont Increases Investment in Oil Extraction Technology
Westmont is in final negotiations to increase its investment in Parker and its innovative oil extraction method. The company believes ER4 will dramatically increase the production of shale and heavy oil formations over traditional extraction methods and be less harmful to the environment than the most commonly used methods.
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March 2nd, 2011
Westmont Exclusive Worldwide Distributor of "FRACSOLV"
("Westmont") announces today that it has completed the final Agreement with NuEarth Corporation ("NuEarth") for the exclusive manufacturing and distribution of "FracSolv," our all-natural 100% biodegradable and environmentally safe fracturing solution for deployment in the oil and natural gas drilling industry.
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February 22nd, 2011
Westmont Resources Completes Acquisition of Marcellus Gas Leaseholds.
Glenn McQuiston, Westmont's President, stated, "With the completion of this acquisition, Westmont has taken the first step in its plans to acquire approximately 3,650 net acres of Marcellus leaseholds. Along with today's acquisition we are currently under contract for two additional properties representing another 3,400 net acres of leasehold in the Marcellus. This acquisition is a very positive step toward realizing our strategy of positioning the company for long-term reserve and production growth.
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February 16th. 2011
Westmont Divests Canadian Gold Mining Properties to Acquire Additional Oil and Natural Gas Leaseholds in the Marcellus Shale Region
The divestment by the company will allow it to refocus its finances and operations on oil and natural gas in the Marcellus and Chattanooga Shale play. The proceeds from this sale will allow Westmont to invest heavily in this massive shale play that has revolutionized the North American natural gas business.
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February 8th, 2011
Westmont Resources Files (8-K) Disclosing the Completion of the Acquisition of Oil & Natural Gas Shale Assets in Marcellus-Chattanooga
Preliminary estimates indicate that the value of the estimated reserves for these latest 92 wells could potentially reach in excess of $100MM. This is based on the company's review of other assessments and production in the immediate area. The company is finalizing confirmation of the true bankable reserves by a review conducted by a recognized independent oil industry geologist.
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November 4th,2010
Westmont Resources Completes Letter of Intent to Acquire 233 acre of Natural Gas Leases in the Marcellus Shale Play with 8 Existing Wells and potential reserves associated with this acquisition in excess of $7.2 million
Westmont Resources has been working to obtain oil and gas leases in the Marcellus and Chattanooga Shale Region. Representing roughly 61,000 square miles, stretches from Upper New York, through western Pennsylvania and into eastern Ohio and most of Kentucky and West Virginia and parts of Virginia and Eastern Tennessee. It is believed one of the richest natural gas fields in the World. In early 2008, geoscientist at Penn State Univ., and SUNY Fredonia estimated that the Marcellus & Chattanooga contains more than 500 trillion cubic feet of natural gas. These reserves represent more than 2 times the current reserves located in Saudi Arabia. The shale contains largely untapped natural gas reserves, and its proximity to the high-demand markets along the East Coast makes it an attractive target for energy development.
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October 28th. 2010
Westmont Resources Develops Enhanced Recovery System for Oil and Gas Production
"Well known to the oil and gas industry, but, not to the general public is the existence of massive untapped reserves of fossil fuels within the United States that far exceed the nation's energy needs for many years to come. Tapping into those reserves economically and without harm to the environment is the Holy Grail of the industry as it grapples with the challenges of becoming energy independent from unfriendly foreign sources."
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October 21st. 2010
Westmont Resources Files 1st Quarter Form 10Q and Financial Review
Preliminary estimates indicate that the value of the potential reserves associated with these 212 wells in Pennsylvania, Tennessee, and West Virginia could amount to nearly $69.71 million. Westmont believes that with additional exploration an additional 560 wells could be redrilled or reentered in the area increasing the potential reserves for the entire project by an estimated $183 million, or a combined estimated value for the three project areas of $252.71 million. This is based on the company's review of other assessments and production in the immediate area.
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October 6th, 2010
Westmont Resources Completes Letter of Intent to Acquire an Additional 1,600-acres of Natural Gas and Oil Leases in the Marcellus Shale Play With Potential Reserves Associated With This Acquisition in Excess of $19.7 Million - Westmont's Potential Reserves in the Marcellus and Chattanooga Shale Plays Are Estimated at $190.3 million
estmont Resources has been working to obtain oil and gas leases in the Marcellus and Chattanooga Shale Region. Representing roughly 61,000 square miles, it stretches from Upper New York, through western Pennsylvania and into eastern Ohio and most of Kentucky and West Virginia and parts of Virginia and Eastern Tennessee. It is believed one of the richest natural gas fields in the World. In early 2008, geoscientists at Penn State Univ., and SUNY Fredonia estimated that the Marcellus & Chattanooga contains more than 500 trillion cubic feet of natural gas. These reserves represent more than 2 times the current reserves located in Saudi Arabia. The shale contains largely untapped natural gas reserves, and its proximity to the high-demand markets along the East Coast makes it an attractive target for energy development.
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October 5th, 2010
Westmont Resources Files 10-K Annual Report, and Audited Financial Statements
Currently, Westmont estimates the reserve valuation of its Marcellus and Chattanooga shale lease holding located in Pennsylvania, Tennessee and West Virginia to be in excess of $200 million. Westmont is focused on "wringing value from" long-lived, low risk natural gas and oil properties. Currently the company's efforts are primarily in the emerging Marcellus and Chattanooga Shale Plays in the Appalachian Basin and in the vicinity of other major oil company discovery wells. "Our current operations are centered on acquiring existing properties and extracting greater returns than previously realized. Our core competence is to apply cutting-edge technology to squeeze more out of mature basins," said Westmont's incoming President, Glenn McQuiston.
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August 10th, 2010
Westmont Resources Completes Letter of Intent to Acquire 1,800 Acres of Natural Gas Leases in the Marcellus Shale Play with 60 Existing Wells and Potential Reserves Associated With This Acquisition in Excess of $54 Million
Westmont Resources has been working to obtain oil and gas leases in the Marcellus and Chattanooga Shale Region. Representing roughly 61,000 square miles, stretches from Upper New York, through western Pennsylvania and into eastern Ohio and most of Kentucky and West Virginia and parts of Virginia and Eastern Tennessee. It is believed one of the richest natural gas fields in the World. In early 2008, geoscientists at Penn State Univ, and SUNY Fredonia estimated that the Marcellus & Chattanooga contains more than 500 trillion cubic feet of natural gas. These reserves represent more than 2 times the current reserves located in Saudi Arabia. The shale contains largely untapped natural gas reserves, and its proximity to the high-demand markets along the East Coast makes it an attractive target for energy development.
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July 29th, 2010
Westmont Resources Directs Accounting Firm to Perform Audit on 92 Well Acquisition in the Chattanooga Basin; Westmont's Management Currently Estimates the Potential and Probable Reserves Associated With This Acquisition to be Valued in Excess of $200 Million
Malone & Bailey, based in Houston, is one of the most experienced public accounting firms in the oil & gas sector and has extensive experience and expertise with publicly traded companies. The firm is registered with the Public Company Accounting Oversight Board and is an independent member firm associated TIAG and MSNA.
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July 13th, 2010
Westmont Resources Inc. Purchases 92 Oil & Natural Gas Well Assets to Gain Strategic Position in Marcellus-Chattanooga Oil & Natural Gas Play
Preliminary estimates indicate that the value of the reserves for these latest 92 wells could amount to nearly $200 million. This is based on the company's review of other assessments and production in the immediate area. The company is currently soliciting bids from independent oil industry geologists to provide a true bankable reserve assessment and verify Westmont's estimate.
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