Sale of Shares

Westmount Energy Limited
30 September 2005

30 September 2005

Westmount Energy Limited

Regulatory Announcement



Westmount Energy Limited raises £8 million from the sale of shares



Westmount Energy Limited ('Westmount'), the AIM quoted energy investment
company, announces that it has realised £8 million before expenses from the sale
of 40 million ordinary shares in Sterling Energy plc ('Sterling').  This
represents a net surplus of approximately £3.2 million, after taking into
account the cost of the shares in September 2003 and the expenses associated
with the sale.



Commenting on the sale Derek Williams, Chairman of Westmount said 'I have been
very pleased with the progress of Sterling and have every confidence in its
prospects and management.  However, our total holding of 70 million ordinary
shares acquired on the sale of our West African assets to Sterling in 2003 has
become too dominant in our portfolio, being almost equivalent to our entire
current market capitalisation.



Our policy has always been to invest at an early stage in a companys'
development and to realise part of our financial investment when appropriate, as
we have in the past.  We intend to hold our remaining 30 million ordinary shares
in Sterling, representing 2.15% its the issued share capital, for the
foreseeable future.



With such a large cash balance, Westmount will now examine ways to return funds
to shareholders, whilst retaining the flexibility to make further investments'.



Further details of such arrangements will be announced in due course.


Westmount Energy Limited                             Tel: [phone]
Derek G Williams, Chairman

Oriel Securities Limited                             Tel: [phone]
Andrew Edwards
Scott Richardson Brown






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