Westmount Energy: Charts & Fundamentals

esult of EGM to approve Return of Capital of 50 pence per Ordinary Share (in
aggregate approximately £7,500,000) to shareholders and 1 for 2 Share
Consolidation



Announcement of the Appointment of a New Director



At the Extraordinary General Meeting of Westmount Energy Limited ('Westmount')
held in Jersey today, the shareholders approved the proposed return of capital
and share capital reorganisation of Westmount.



As set out in the Circular to Shareholders dated 25 November 2005, all enabling
resolutions were duly passed. Capital of the equivalent of 50 pence per Ordinary
Share will be returned to shareholders. Shareholders will also receive One
Consolidated Ordinary Share for every Two Ordinary Shares held.



Dealings in the new Consolidated Ordinary Shares are expected to commence at
8.00 a.m. on Friday, 23 December, with the first opportunity to receive the
agreed return of 50 pence per B share expected to occur on 31 January 2006.



The Board of Westmount is also pleased to announce that Mr Paul R. Anderson,
aged 32, who has been residing in Jersey for over 9 years, an associate member
of the Institute of Chartered Secretaries and Administrators has today been
appointed to the Board. Paul is a Trust Manager of Bedell Group, Jersey, a
position he has held since September 2003 when the Bedell Group assumed the role
as Secretary of Westmount from The Royal Bank of Scotland Trust Company, Jersey,
where Paul had been a Corporate Trust Manager and employed since June 1996. He
was formerly with The Royal Bank of Scotland Group, Edinburgh, as a Securities
Associate since December 1991.



Commenting on his appointment Mr Derek G. Williams, Chairman, stated:



'I am especially pleased with the timing of this appointment now that Westmount
has reached such an important stage, following the Share Capital Reorganisation
and the return of substantial capital to shareholders. Paul has been involved
with Westmount's business for over 9 years and I have worked with him closely
during this period. Paul will now be able to play a significant role in the
future development of Westmount.'



The Board also announces today that to supplement the low level of directors'
remuneration and in view of the increasing time and effort to be put in by the
Directors, the Board is proposing to grant options over a maximum of 750,000 of
new Consolidated Ordinary Shares expiring on 31 December 2012. Initially the
Board intends to grant options or rights equivalent to options over a total of
600,000 Consolidated 20p Ordinary Shares of Westmount, with effect from today's
date at a subscription price equivalent to the opening middle quoted price on
the AIM market, of the Consolidated Ordinary Shares. As a result the Directors
of the Company, Derek G. Williams, Peter J. Richardson, Marc S.D. Yates and Paul
R. Anderson, will be allocated 150,000 share options each.