Westmont Resources Inc. (fka WMNS)

[Brising87]

The current volume and share price is not indicative of what's to come. Personally, I don't mind, the lower it goes, the more I buy. In at $0.10 and I feel fine, my current investment is nearly half, and I'll be buying lots more if it reaches $0.05

Their test well improved performance from 3 barrels a day to 81.

Obviously a small scale test of ONE well doesn't do much for the company, 81 barrels a day is less than a grand per day.


I see this more in terms of a buying opportunity for a larger company that owns wells that are already producing 3,000 barrels a day, to improve that to 81,000 would be more than worth it to buy this company at $3.3 billion dollers. $3.3 billion / 775,000,000, a price per share of $4.25

Personally, for an oil company to pay $3.3 billion to have the best oil production systems, would be like spitting in a barrel (of oil :P). It's a no brainer, and with things like Facebook and Skype selling for billions of dollars, an oil company spending several billion to improve their infrastructure does not seem like a far fetched idea.


THAT's why I believe what I do.