TIDMWTE

Westmount Energy Limited

02 October 2018

2 October 2018

WESTMOUNT ENERGY LIMITED

("Westmount" or the "Company")

Acquisition of Net Profits Interests in three UK Petroleum Licences

The Board of Westmount is pleased to announce the acquisition of net profits interests ("NPI") in three offshore UK petroleum licences previously held by Infrastrata Plc ("Infrastrata"). The transaction has been funded from cash generated through the sale of existing investments.

The Directors believe the NPIs - being a 0.5% NPI in licence P1918 (Colter Prospect), a 0.5% NPI in licence P2222 (Oulton Discovery) and a 1.0% NPI in licence P2235 (Wick Prospect) - offer low-cost exposure to near-term exploration and appraisal drilling targets, with independent prospect risks and potential for substantial value uplift, in the success case, without requiring further investment by the Company.

This investment is consistent with Westmount's strategy of seeking opportunistic investments with potential for value creation, alongside the Company's current focus on the prolific Guyana-Suriname Basin.

For further information, please contact:

 
 Westmount Energy Limited                            www.westmountenergy.com 
 David King, Director                                       Tel: +44 (0)1534 
  Jane Vlahopoulou                                                    823133 
 
 Cenkos Securities plc Nomad and Broker                  Tel: +44 (0)20 7397 
                                                                        8900 
 Nicholas Wells / Harry Hargreaves (Corporate 
 Finance)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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