Result of AGM

Westmount Energy Limited
10 November 2005


Westmount Energy Limited to Return Capital of 50 pence per ordinary share (in
aggregate approximately £7,500,000) to shareholders.


At the Annual General Meeting of Westmount Energy Limited held in Jersey today,
the Chairman, Derek G. Williams made the following statement:


'As already reported to shareholders following the end of the financial year, as
a result of the realisation of the Group's North Sea interests and the sale of
40,000,000 ordinary shares of Sterling Energy plc the Company has funds of
approximately £9 million in cash.


The Board has been examining ways to return funds to shareholders, whilst
retaining the flexibility to make further selective investments for the future
growth of the Company.


I am now able to advise shareholders that subject to shareholders' approval the
Board will recommend the return of 50 pence per ordinary share (in aggregate
approximately £7,500,000) to shareholders and a 1 for 2 Share Consolidation. A
circular providing full details of the proposed arrangements will be sent to all
shareholders shortly together with a notice convening the required Extraordinary
General Meeting.'


Westmount Energy Limited                                  Tel: [phone]

      Derek G. Williams, Chairman



Oriel Securities Limited                                  Tel: [phone]

      Andrew Edwards
      Scott Richardson Brown


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