Westmount Energy Limited
20 March 2007
Westmount Energy Limited
Appointment of Director
Following the death of Westmount's Chairman Mr Derek G Williams on the 19th
January 2007, the Board is pleased to announce the appointment of Alan Levison
to the Board of Directors, and his appointment as Chairman of the Board. With
his appointment to the Board, Alan brings with him 30 years of experience in the
oil and gas industry. He holds an M.Sc. in Petroleum Geology from Imperial
College London and spent the majority of his career at Chevron Oil and British
Gas in senior management roles. In recent years, Alan has served on the Boards
of Fusion Oil & Gas Plc, Sterling Energy Plc and Eclipse Energy UK Plc, where
Westmount has held, and continues to hold in respect of the latter two
companies, 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 the
Board. Whilst we will miss our colleague Derek, we are fortunate in having Alan
accept the role in that not only does he have considerable experience in the
industry, but also he has an intimate knowledge in respect of Westmount's
holdings in Sterling Energy Plc and Eclipse Energy UK Plc, on whose Boards he
has served.'
Alan Levison in commenting on his recent appointment said:-
'To follow my late friend Derek Williams onto the Board of Westmount Energy is
an honour and a role to which I greatly look forward. Westmount has an
interesting portfolio of investments with significant unrecognised and future
potential, particularly the low carbon energy company, Eclipse Energy UK Plc
which has recently been granted consent to construct and operate the world's
first co-development of offshore gas and wind energy in the East Irish Sea. As
the Board of Westmount, we intend to undertake a detailed review of Westmount's
strategy in relation to both existing investments as well as other opportunities
which may exist or may arise to enhance the value per share for the benefit of
shareholders.'
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 the
director 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 require
disclosure 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
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.