Sale of Company

Westmount Energy Limited
28 February 2002


CONTACTS:

Derek Williams -       Chairman, Westmount Energy Limited

Tel: [phone]


Derek Rawlings -       Investec Henderson Crosthwaite Corporate Finance

Tel: [phone]

Paul Downes/

Dominic Barretto -     Merlin Financial & Corporate Public Relations

Tel: [phone]

                                                                28 February 2002


                                 PRESS RELEASE

                            WESTMOUNT ENERGY LIMITED

                 SALE OF WESTMOUNT RESOURCES, INC to LEPCO plc


Derek Williams, Chairman of Westmount Energy Limited ('Westmount') today
announced that Westmount has agreed to sell its Louisiana, USA based wholly
owned subsidiary company Westmount Resources, Inc ('Westmount Resources') to the
oil and gas company LEPCO plc ('LEPCO') for a total consideration of £495,000 to
be satisfied by the issue and allotment of 6,500,000 new 1p Ordinary Shares of
LEPCO to Westmount at 4.5p per share, representing approximately 14.27% of
LEPCO's enlarged issued share capital, and £202,500 in cash.

Westmount Resources holds overriding royalty and working interests in oil and
gas properties offshore Louisiana, Gulf of Mexico and overriding royalty
interests onshore Louisiana.

Commenting on the transaction, Derek Williams stated:


        'This sale is in line with our current strategy of streamlining our
        business into entirely non-operated investment activities. We realise
        some cash and obtain a significant stake in AIM quoted LEPCO which with
        its recent change of management is expanding its operations in the USA.
        We believe that LEPCO has a good management team and an exciting future.
        We are very supportive of its objectives and are pleased to become a key
        shareholder at an early stage in its growth.'


Notes to Editors:

Westmount Energy Limited is a Jersey, Channel Islands, based independent oil and
gas investment company with its shares traded on AIM. There are a total of
13,576,530 shares in issue held by some 2,000 shareholders. There are also
outstanding share options over 875,000 shares exercisable at 331/2p per share by
31 December 2004.

Westmount owns 20,000,000 fully paid ordinary shares of AIM quoted Fusion Oil &
Gas plc ('Fusion') representing some 21.6% of the issued share capital of Fusion
which company holds interests in 8 oil exploration licences across 6 countries
of West Africa.

Westmount also owns approximately 14.75% of the issued share capital of Eclipse
Energy Company Limited ('Eclipse'). Eclipse has developed an innovative power
generation concept, whereby power would be generated from stranded offshore gas
reserves and integrated with power generated from wind turbines in an offshore
generating station and the electricity exported by cable to the National grid.
Eclipse has been awarded a gas production licence over Blocks 113/28 and 113/29
East Irish Sea by The Department of Trade and Industry and will now be preparing
a Field Development Plan for its first project.

In addition Westmount owns 5,500,000 fully paid ordinary shares of AIM quoted
Desire Petroleum plc ('Desire'), representing approximately 5.3% of the issued
share capital of Desire, which company has interests in oil exploration offshore
the Falkland Islands.

Westmount also has an overriding royalty interest in the North Sea producing
Buchan Oilfield.


                      This information is provided by RNS
            The company news service from the London Stock Exchange