Westmount Engy. Regulatory News (WTE)

4 Nov 2008 12:14



4 November 2008 

PRESS RELEASE

WESTMOUNT ENERGY LIMITED

The Board of Westmount Energy Limited ("Westmount" or the "Company") announce that further to the announcement made by the Company on 18 September 2008, the offer by Vattenfall AB for Eclipse Energy plc at a price of £18.01 per share, has been declared unconditional. 

The sale proceeds to Westmount for its 244,000 shares in Eclipse will amount to £4,394,440 and settlement will be effected on or before 14 November 2008.

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Note for Editors:

Westmount Energy Limited is a Jersey based AIM quoted Energy Investment Company. Its present investments include 31,500,000 shares of AIM quoted Sterling Energy plc, 5,200,000 shares of AIM quoted Desire Petroleum plc and 244,000 shares of unquoted Eclipse Energy UK plc for which the Company have accepted an offer at £18.01 per share. The Company has no borrowings.