REG - Westmount Energy Ld - Final Results <Origin Href="QuoteRef">WNRG.L</Origin> - Part 2

Westmount EnergyAnnouncement

20/11/2015 07:01

- Part 2: For the preceding part double click  ID:nRST3729Ga 

                     
 1,446,600)                                                                                                                                                                                                                                                                   
 ordinary                                                                                                                                                                                                                                                                     
 fully paid                                                                                                                                                                                                                                                                   
 shares in                                                                                                                                                                                                                                                                    
 Falkland                                                                                                                                                                                                                                                                     
 representing                                                                                                                                                                                                                                                                  
 0.27%                                                                                                                                                                                                                                                                        
 (2014:0.27%)                                                                                                                                                                                                                                                                  
 of the                                                                                                                                                                                                                                                                       
 issued share                                                                                                                                                                                                                                                                  
 capital was                                                                                                                                                                                                                                                                  
 £394,198                                                                                                                                                                                                                                                                     
 (2014:                                                                                                                                                                                                                                                                       
 £361,650)                                                                                                                                                                                                                                                                    
 (27.25p per                                                                                                                                                                                                                                                                  
 share,                                                                                                                                                                                                                                                                       
 (2014:                                                                                                                                                                                                                                                                       
 25.00p)).                                                                                                                                                                                                                                                                    
 On 30 June                                                                                                                                                                                                                                                                   
 2015 the                                                                                                                                                                                                                                                                     
 market value                                                                                                                                                                                                                                                                  
 of the                                                                                                                                                                                                                                                                       
 Company's                                                                                                                                                                                                                                                                    
 holding of                                                                                                                                                                                                                                                                   
 300,000                                                                                                                                                                                                                                                                      
 (2014:                                                                                                                                                                                                                                                                       
 500,000)                                                                                                                                                                                                                                                                     
 ordinary                                                                                                                                                                                                                                                                     
 fully paid                                                                                                                                                                                                                                                                   
 shares in                                                                                                                                                                                                                                                                    
 Sterling                                                                                                                                                                                                                                                                     
 representing                                                                                                                                                                                                                                                                  
 0.14%                                                                                                                                                                                                                                                                        
 (2014:0.23%)                                                                                                                                                                                                                                                                  
 of the                                                                                                                                                                                                                                                                       
 issued share                                                                                                                                                                                                                                                                  
 capital of                                                                                                                                                                                                                                                                   
 the Company                                                                                                                                                                                                                                                                  
 was £52,500                                                                                                                                                                                                                                                                  
 (2014:                                                                                                                                                                                                                                                                       
 148,150)                                                                                                                                                                                                                                                                     
 (17.50p per                                                                                                                                                                                                                                                                  
 share,                                                                                                                                                                                                                                                                       
 (2014:                                                                                                                                                                                                                                                                       
 29.63p per                                                                                                                                                                                                                                                                   
 share)).                                                                                                                                                                                                                                                                     
 200,000                                                                                                                                                                                                                                                                      
 (2014: nil)                                                                                                                                                                                                                                                                  
 shares were                                                                                                                                                                                                                                                                  
 disposed in                                                                                                                                                                                                                                                                  
 the current                                                                                                                                                                                                                                                                  
 year. On 30                                                                                                                                                                                                                                                                  
 June 2015                                                                                                                                                                                                                                                                    
 the market                                                                                                                                                                                                                                                                   
 value of the                                                                                                                                                                                                                                                                  
 Company's                                                                                                                                                                                                                                                                    
 holding of                                                                                                                                                                                                                                                                   
 1,000,000                                                                                                                                                                                                                                                                    
 (2014:                                                                                                                                                                                                                                                                       
 1,000,000)                                                                                                                                                                                                                                                                   
 ordinary                                                                                                                                                                                                                                                                     
 fully paid                                                                                                                                                                                                                                                                   
 shares in                                                                                                                                                                                                                                                                    
 Argos,                                                                                                                                                                                                                                                                       
 representing                                                                                                                                                                                                                                                                  
 0.46% (2014:                                                                                                                                                                                                                                                                  
 0.46%) of                                                                                                                                                                                                                                                                    
 the issued                                                                                                                                                                                                                                                                   
 share                                                                                                                                                                                                                                                                        
 capital of                                                                                                                                                                                                                                                                   
 the company                                                                                                                                                                                                                                                                  
 was £81,300                                                                                                                                                                                                                                                                  
 (2014:                                                                                                                                                                                                                                                                       
 £135,000)                                                                                                                                                                                                                                                                    
 (13.50p per                                                                                                                                                                                                                                                                  
 share,                                                                                                                                                                                                                                                                       
 (2014:                                                                                                                                                                                                                                                                       
 18.88p per                                                                                                                                                                                                                                                                   
 share)). No                                                                                                                                                                                                                                                                  
 shares were                                                                                                                                                                                                                                                                  
 disposed in                                                                                                                                                                                                                                                                  
 the current                                                                                                                                                                                                                                                                  
 or prior                                                                                                                                                                                                                                                                     
 year.                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                            
 On 30 June                                                                                                                                                                                                                                                                   
 2015 the                                                                                                                                                                                                                                                                     
 market value                                                                                                                                                                                                                                                                  
 of the                                                                                                                                                                                                                                                                       
 Company's                                                                                                                                                                                                                                                                    
 holding of                                                                                                                                                                                                                                                                   
 3,000,000                                                                                                                                                                                                                                                                    
 (2014:                                                                                                                                                                                                                                                                       
 3,000,000)                                                                                                                                                                                                                                                                   
 ordinary                                                                                                                                                                                                                                                                     
 fully paid                                                                                                                                                                                                                                                                   
 shares in                                                                                                                                                                                                                                                                    
 Pancontinent                                                                                                                                                                                                                                                                  
 al,                                                                                                                                                                                                                                                                          
 representing                                                                                                                                                                                                                                                                  
 0.26% (2014:                                                                                                                                                                                                                                                                  
 0.26%) of                                                                                                                                                                                                                                                                    
 the issued                                                                                                                                                                                                                                                                   
 share                                                                                                                                                                                                                                                                        
 capital of                                                                                                                                                                                                                                                                   
 the company                                                                                                                                                                                                                                                                  
 was £8,823                                                                                                                                                                                                                                                                   
 (2014:                                                                                                                                                                                                                                                                       
 £38,088)                                                                                                                                                                                                                                                                     
 (0.29p per                                                                                                                                                                                                                                                                   
 share,                                                                                                                                                                                                                                                                       
 (2014: 1.27p                                                                                                                                                                                                                                                                  
 per share)).                                                                                                                                                                                                                                                                  
 No shares                                                                                                                                                                                                                                                                    
 were                                                                                                                                                                                                                                                                         
 disposed in                                                                                                                                                                                                                                                                  
 the current                                                                                                                                                                                                                                                                  
 or prior                                                                                                                                                                                                                                                                     
 year.                                                                                                                                                                                                                                                                        
 6.                                                                                                                                                                                                                                                                                                                                                                                         
 OTHER                                                                                                                                                                                                                                                                                                                                                                                      
 RECEIVABLES                                                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                           2015                              2014                           
                                                                                                                                                                                                                                                                                                                           £                                 £                              
                                                                                                                                                                                                                                                                                                                                                                                            
 Prepayments                                                                                                                                                                                                                                                                                                               9,721                             7,607                          
 7.                                                                                                                                                                                                                                                                                                                                    
 CASH AND                                                                                                                                                                                                                                                                                                                              
 CASH                                                                                                                                                                                                                                                                                                                                  
 EQUIVALENTS                                                                                                                                                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                                           2015                              2014                           
                                                                                                                                                                                                                                                                                                                           £                                 £                              
                                                                                                                                                                                                                                                                                                                                                                                            
 Cash at bank                                                                                                                                                                                                                                                                                                               7,291                             76,866                         
                                                                                                                                                                                                                                                                              
 Cash and                                                                                                                                                                                                                                                                     
 cash                                                                                                                                                                                                                                                                         
 equivalents                                                                                                                                                                                                                                                                  
 are                                                                                                                                                                                                                                                                          
 considered                                                                                                                                                                                                                                                                   
 to be highly                                                                                                                                                                                                                                                                  
 liquid, so                                                                                                                                                                                                                                                                   
 that book                                                                                                                                                                                                                                                                    
 cost is                                                                                                                                                                                                                                                                      
 considered                                                                                                                                                                                                                                                                   
 equivalent                                                                                                                                                                                                                                                                   
 to fair                                                                                                                                                                                                                                                                      
 value.                                                                                                                                                                                                                                                                       
 8.                                                                                                                                                                                                                                                                                                                                    
 TRADE AND                                                                                                                                                                                                                                                                                                                             
 OTHER                                                                                                                                                                                                                                                                                                                                 
 PAYABLES                                                                                                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                                                                                                           2015                              2014                           
                                                                                                                                                                                                                                                                                                                           £                                 £                              
                                                                                                                                                                                                                                                                                                                                                                                            
 Amounts due                                                                                                                                                                                                                                                                  -                          34,782            
 to                                                                                                                                                                                                                                                                                                                        
 shareholders                                                                                                                                                                                                                                                                                                               
 from returns                                                                                                                                                                                                                                                                                                               
 of capital                                                                                                                                                                                                                                                                                                                
 Accrued                                                                                                                                                                                                                                                                                                                   31,760                            23,049                         
 expenses                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                           31,760                            57,831                         
 9.                                                                                                                                                                                                                                                                           
 SHARE                                                                                                                                                                                                                                                                        
 CAPITAL 2015                                                                                                                                                                                                                                                                  
 2014 £ £                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                              
 Authorised:                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                              
 200,000,000                                                                                                                                                                                                                                                                  
 (2014:                                                                                                                                                                                                                                                                       
 200,000,000)                                                                                                                                                                                                                                                                  
 ordinary                                                                                                                                                                                                                                                                     
 shares of                                                                                                                                                                                                                                                                    
 20p each                                                                                                                                                                                                                                                                     
 40,000,000                                                                                                                                                                                                                                                                   
 40,000,000                                                                                                                                                                                                                                                                   
 200,000,000                                                                                                                                                                                                                                                                  
 (2014:                                                                                                                                                                                                                                                                       
 200,000,000)                                                                                                                                                                                                                                                                  
 redeemable                                                                                                                                                                                                                                                                   
 "B" shares                                                                                                                                                                                                                                                                   
 of 1p each                                                                                                                                                                                                                                                                   
 2,000,000                                                                                                                                                                                                                                                                    
 2,000,000                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                              
 Allotted,                                                                                                                                                                                                                                                                    
 called up                                                                                                                                                                                                                                                                    
 and fully                                                                                                                                                                                                                                                                    
 paid: 2015                                                                                                                                                                                                                                                                   
 No. 2014                                                                                                                                                                                                                                                                     
 No. 2015                                                                                                                                                                                                                                                                     
 £ 2014                                                                                                                                                                                                                                                                       
 £ '000 '000                                                                                                                                                                                                                                                                  
 In issue:                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                              
 Ordinary                                                                                                                                                                                                                                                                     
 shares                                                                                                                                                                                                                                                                       
 9,830.3                                                                                                                                                                                                                                                                      
 9,830.3                                                                                                                                                                                                                                                                      
 1,966,060                                                                                                                                                                                                                                                                    
 1,966,060                                                                                                                                                                                                                                                                    
 Ordinary                                                                                                                                                                                                                                                                     
 shares                                                                                                                                                                                                                                                                       
 Ordinary                                                                                                                                                                                                                                                                     
 shares                                                                                                                                                                                                                                                                       
 Movement No.                                                                                                                                                                                                                                                                  
 £ Balance at                                                                                                                                                                                                                                                                  
 30 June 2014                                                                                                                                                                                                                                                                  
 / 30 June                                                                                                                                                                                                                           

- More to follow, for following part double click  ID:nRST3729Gc