News blog

Westmount Energy Ltd

  • BY: Andrew Hore |
  • POSTED: 14/11/2014 |

Oil and Gas company investor Westmount Energy Ltd continues to seek an acquisition.

Not all of the potential acquisitions have been in the energy sector. However, management believes that valuations in the energy sector are becoming more attractive and there are opportunistic deals to be made.

Corporate costs have been reduced. More than half of the current portfolio is accounted for by the stake in Falkland Oil & Gas Ltd which was increased due to the merger with Desire Petroleum.

At 17.5p a share, Westmount is valued at 1.72m. NAV was 710,000 at the end of June 2014 and since then 20,000 has been raised selling Sterling Energy shares at a lower share price than their book value.

© 2021 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds