Westmont Resources Inc. (fka WMNS)

[seanmd]

WMNS has over 200 leased wells in Tennessee, Pennsylvania, and West Virginia. WMNS current project is to expand its wells into Marcellus and Chattanooga Shale Region in the Appalachian Basin and in the vicinity of other major oil company discovery wells. These locations produce up to 850 running bls of oil per year. Using common industry valuation of $50,000 per running barrel, the total of the 850 running bls yields a value of $42.5 million in the first two years.