WESTMOUNT ENERGY LIMITED 
By
Westmount Energy Limited
Interim Results to 31 December 20ll
CHAIRMAN'S REVIEW
The past six months have been one of change for your
Company.
Having repaid a total of 160p to shareholders since
flotation in 1995 it was your board's agreed strategy to
seek a new direction and future for its shareholders.
On the 30'h November 20 I I we announeed that we
had issued 2.2 million new shares at 20p to Gerard Walsh and
Thomas O'Gorinan who were both appointed directors of
Westmount on the same date as the Issue. The new directors
have considerable experience in the ¡inancing othfe oil
exploration industry and will seek new Investment
opportunities for your Company while reviewing our existing
investment pottfolio.
I have also to report that Paul Auderson, who has been
involved in Westmounts business since i 996, has resigned as
a director and will cease providing company secretarial
support in order to pursue his professional career and we
would like to record our thanks for all his efforts over the
past years and wish him well for the future. David King of
Dominion Corporate Services Limited ("DCG") has
been appointed as director and DCG as company secretary, to
replace Paul and Bedell's, and we welcome him to
the
board.
The expenses for the half year include a larger than
usual non cash item which relates to the fonnal requirement
of IFRS to account for the options granted coincident with
recent board appointments. The actual cash expenses for the
six month period were £143,000 as compared with £ 154,000 for
the same period in 2010.
We look forward a new and interesting phase ofy our
Company's future.
Mervyn Bradlow
Chainnan
Date: 20 January 2012
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| Documents associés | |
| Half Yearly Report |
