1st Jun 2018 11:22
LONDON (Alliance News) - Westmount Energy Ltd said Friday it has bought 1.2 million shares in Israel-based oil and gas company Ratio Petroleum Energy Ltd Partnership.
In several acquisitions between January and May 2018 the company bought the shares at an average price of ILS0.974 per share for an total worth equivalent to GBP248,406.
As a result of these purchases, Westmount holds approximately 1% of Ratio Petroleum's participating share units.
This investment was entirely funded from existing cash resources, the company said.
Shares in the energy investment company were untraded on Friday, last quoted at 8.42 pence each.
Related Shares:
Westmount Engy.