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Westmount Energy Ltd Ord 20P (WTE)

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13-Mar-2019 09:49 AM

Westmount Energy posts modest profit; eyes Guyana oil opportunities

Westmount Energy posted modest annual pre-tax profit of around £259k, up from £198k on-year, as it continued to eye potential oil discoveries in Guyana. The company holds small stakes of 1-3% in companies including JHI, EOG and Ration Petrole
24-Oct-2018 10:01 AM

Westmount Energy swings to profit after Eco investment fires

Energy investment group Westmount Energy swung to an annual profit, largely thanks to an increase in the value of its investment in Eco (Atlantic) Oil & Gas. Pre-tax profit for the year through June amounted to £561k, compared to a loss of £2
21-Mar-2018 09:53 AM

Westmount Energy swings to profit as oil prices rise

Westmount Energy said it swung to a modest first-half profit after the value of its investment in Guyana-focused explorer Eco Oil & Gas rose amid a higher oil price and big discoveries in the African nation. The company booked a pre-tax profit of £
11-Dec-2017 01:05 PM

All resolutions passed at AGM of Westmount

Westmount Energy has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting. At 1:05pm: (LON:WTE) Westmount Energy Ltd share price was 0p at 6.63p Story provided by StockMarketWire.com...
20-Nov-2017 09:13 AM

Westmount Energy losses narrow

Westmount Energy said annual losses narrowed after it recorded a significantly reduced loss on the fair value of its financial assets. The company recorded a net loss of £200,000, narrowing from a £373,522 net loss in the previous correspond
31-Mar-2015 09:10 AM

Westmount Energy swings to H1 pretax loss

Westmount Energy has swung to an H1 pretax loss of £90,344, from a year earlier profit of £18,432. The company booked a loss on financial assets held at fair value of £30,685, whereas the comparative period enjoyed an uptick of £88,305. At 9:10am:
11-Dec-2014 02:20 PM

Westmount Energy resolutions passed at AGM

Westmount Energy has confirmed that all resolutions proposed at its annual general meeting yesterday were approved. At 2:20pm: (LON:WTE) Westmount Energy Ltd share price was 0p at 14p Story provided by StockMarketWire.com...
27-Mar-2014 08:51 AM

Westmount swings to H1 profit, appoints chairman

Westmount swung to an H1 pretax profit of £18,432, from a loss of £0.38m. Revenue was nil. The company continued its search for an acquisition. "A large part of the year has been taken up with a specific proposal, outside the resource sector, that
27-Nov-2013 07:49 AM

Westmount Energy more than doubles FY pretax loss

Westmount Energy more than doubled its FY pretax loss to £0.755m, from a loss of £0.339m. It realised a £69,043 gain on the sale of investments, but booked a £0.627m loss on the value of financial assets. A year earlier, these figures were, respecti
19-Nov-2012 12:42 PM

Westmount Energy switch its portfolio

Operating losses at Westmount Energy, an investment company, for the year ended June 30 2102 were £339,000. In the previous year it had made a loss of £3.27m. The company says it has been identifying and facilitating the development of energy assets a
20-Feb-2012 12:51 PM

Westmount Energy increases value of its share capital

At an Extraordinary General Meeting of Westmount Energy held in Jersey the shareholders have voted to increase the value of the authorised share capital of the company to £42m. This will be divided into 200,000,000 consolidated ordinary shares of £0.20
23-Jan-2012 10:08 AM

New Westmount directors seek investment opportunities

At the end of November 2011 Westmount Energy issued 2.2 million new shares at 20p to Gerard Walsh and Thomas O'Gorman who were both appointed directors of Westmount Energy on the same date as the Issue. The new directors have considerable experienc
30-Dec-2011 10:48 AM

Westmount announce Board changes

Westmount has appointed of David King as a director. He is currently a director of Dominion Corporate Services, which is being appointed by the company to perform corporate secretarial functions, replacing Bedell Secretaries. Paul Anderson, who has be
05-Aug-2011 12:11 PM

Westmount accepts resignation of a director

Westmount has announced that, as part of reviewing the cost base for the Company, it has accepted the resignation of Marc Yates as a director. At 12:11pm: (LON:WTE) Westmount Energy share price was 0p at 26.5p Story provided by StockMarketWire.com...
24-Dec-2010 08:46 AM

Westmount Energy to return up to £3.4m

Energy investment company Westmount Energy Limited announced plans to return up to £3.4m to shareholders via the issue and redemption of redeemable B shares, equivalent to 45p per ordinary share. The return, planned for February 2, is conditional on appr
05-Oct-2010 10:45 AM

Westmount banking on Desire Petroleum and Sterling Energy

Jersey investment company, Westmount Energy has reported a pre-tax profit of £4.3m for the year to 30 June 2010. The results include a a profit of £1.6m from the sale of part of the Company's holdings in Sterling Energy and Desire Petroleum. Curren
12-Mar-2010 10:51 AM

Westmount £4.21m profit follows accounting change

Investment company Westmount Energy reported a net profit of £4.21m for the year to December, primarily as a result of a change in accounting methods to IFRS standards. Restated loss for H1 2008 was £2.4m. The company made a £0.14m profit on disposal of
28-Oct-2009 04:10 PM

Westmount disposes of 15m Sterling Energy shares

Westmount Energy says that it has disposed of 15m shares in Sterling Energy at a price opf 4.7p each. The Company says that it now holds 65m shares in Sterling Energy and 5.1m shares in Desire Petroleum. The Westmount Board comments that the next six m...
 
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