Westmount Engy. Regulatory News (WTE)

20 Mar 2007 12:14

Westmount Energy Limited20 March 2007 Westmount Energy Limited Appointment of Director Following the death of Westmount's Chairman Mr Derek G Williams on the 19thJanuary 2007, the Board is pleased to announce the appointment of Alan Levisonto the Board of Directors, and his appointment as Chairman of the Board. Withhis appointment to the Board, Alan brings with him 30 years of experience in theoil and gas industry. He holds an M.Sc. in Petroleum Geology from ImperialCollege London and spent the majority of his career at Chevron Oil and BritishGas in senior management roles. In recent years, Alan has served on the Boardsof Fusion Oil & Gas Plc, Sterling Energy Plc and Eclipse Energy UK Plc, whereWestmount has held, and continues to hold in respect of the latter twocompanies, significant equity interests. Marc Yates, one of the existing Jersey based directors of Westmount said:- "My fellow directors and I are very pleased to welcome Alan as a member of theBoard. Whilst we will miss our colleague Derek, we are fortunate in having Alanaccept the role in that not only does he have considerable experience in theindustry, but also he has an intimate knowledge in respect of Westmount'sholdings in Sterling Energy Plc and Eclipse Energy UK Plc, on whose Boards hehas served." Alan Levison in commenting on his recent appointment said:- "To follow my late friend Derek Williams onto the Board of Westmount Energy isan honour and a role to which I greatly look forward. Westmount has aninteresting portfolio of investments with significant unrecognised and futurepotential, particularly the low carbon energy company, Eclipse Energy UK Plcwhich has recently been granted consent to construct and operate the world'sfirst co-development of offshore gas and wind energy in the East Irish Sea. Asthe Board of Westmount, we intend to undertake a detailed review of Westmount'sstrategy in relation to both existing investments as well as other opportunitieswhich may exist or may arise to enhance the value per share for the benefit ofshareholders." Provided in accordance the AIM Rules Rule 17 Date of Appointment - 17 March 2007 Schedule 2(g) (i) the director's full name and age together with any previous names; Alan Levison, age 55, None (ii) the names of all companies and partnerships of which thedirector has been a director or partner at any time in the previous five years,indicating whether or not the director is still a director or partner; Foxley Energy Limited (current), Eclipse Energy UK Plc (current), Fusion Oil & Gas Plc/Sterling Energy Plc (past directorship). There are no further details in relation to the above appointment which requiredisclosure under paragraph (g) of Schedule 2 of the AIM Rules. Note for Editors: Westmount Energy Limited ('Westmount') is a Jersey based AIM quoted Energy Investment Company. Its present investments include, 30,000,000 shares of AIM quoted Sterling Energy plc, 5,500,000 shares of AIM quoted Desire Petroleum plc, 37,622,687 shares of AIM quoted CDS Oil & Gas Group plc and 244,000 shares of presently unquoted Eclipse Energy UK Plc. Westmount has no borrowings. Contacts: Paul R. Anderson,Westmount Energy Limited Tel: 01534 814209 Gavin J. Burnell,Brett L. Miller,Ruegg & Co. Limited Tel: 020 7584 3663 This information is provided by RNS The company news service from the London Stock Exchange