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Westmount Energy
- BY: Andrew Hore |
- POSTED: 25/09/2007 |
Westmount Energy has made a £300,000 gain from the sale of its stake in CDS Oil & Gas.
Westmount made a convertible loan of £500,000 to CDS in January. That loan and accrued interest of £36,000 was converted into 37.6m shares. These have been sold for 22p a share, raising £827,000.
Westmount holds stakes in Sterling Energy, Desire Petroleum and unquoted offshore wind farm developer Eclipse Energy UK.
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