Westmont Resources, Inc. (PINK:WMNS) $200M Revenue This Stock Can Break Out Huge Tomorrow

Today we have found Westmont Resources, Inc. (PINK:WMNS), which is clearly showing buying signal in all technical parameters. The stock has fallen recently on very low volumes. As we all know, when any stock falls on low volumes, it tends to move higher sooner or later at the same or increasing pace it had fallen. Have a look on our research on the stock.

Westmont Resources Inc serves is an independent natural resource exploration and production company with plans to explore to, develop and produce natural resources to include minerals, natural gas, crude oil, and natural gas liquids.

The company is operational and engaged in the future acquisition, and planned development and production of oil and natural gas properties through the use of disruptive technology in an environmentally safe and cost effective manner.

Successfully Acquired 1,800 acres and 60 existing wells

Today, Westmont Resources successfully completed an agreement to acquire 1,800 acres and 60 existing wells in the Marcellus Shale region in the southwest tier of Pennsylvania. Preliminary estimates are showing that the total value for the acquired property could reach as much as $36 million.

Furthermore, The Company is expecting to generate additional exploration an additional 30 wells could be drilled on the leased acreage, which could increase its total value by $18 million. Combining both the value, the company could target a potential $54 million for the new Pennsylvania leases

Acquired 92 Oil & Natural Gas Well from Domestic Energy Corporation.

In July, Westmont Resources reached an agreement to acquire 92 wells in the Chattanooga Shale region in the northern tier of Tennessee from Domestic Energy Corporation. The company a Preliminary estimates on the acquired property and concluded that it could be as much as $200 million.

Multiple Projects in Pipeline

The company currently has the following three major projects:

Appalachian Basin

Initially, Westmont Resources Inc is focusing its attention on the Appalachian Basin in Tennessee. Tennessee’s Appalachian Basin is a topographic feature capped with approximately 600 feet of Pennsylvania Sandstone. Oil and gas production from wells in Westmont Resources Inc’s area of interest comes from the Monteagle Limestone, Fort Payne Limestone, Chattanooga Shale, Trenton-Black River and Know groups.

Permian Basin

The Company recently signed a letter of intent to Joint Venture within Eddy County, New Mexico in the Permian Basin. The Company’s JV partner has acquired the oil & gas rights of 7,800 acres of leased land for exploration and further development. The project potential is currently estimated at 3 MMBbls of oil equivalent.

Williston Basin

The Company has signed a letter of intent to Joint Venture with a successful oil & gas exploration operator that has 65,000 acres under lease and over 30 years of drilling experience in the Williston Basin.

Huge Market Opportunity

The International Energy Agency increased its oil demand growth forecast to an average 1.4%, or 1.2 million barrels per day (bpd), annually to 2015 on the back of robust demand from emerging markets, taking the total volume to 91.9 million bpd in 2015.

The Agency also said that Global oil supply will rise by 300,000 bpd a year to 96.5 million bpd by 2015, mainly led by production outside the Organisation of Petroleum Exporting Countries (OPEC).

Non-OPEC oil supply will increase to 52.5 million bpd by 2015 from 51.5 million bpd last year, the IEA said.


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