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Silvermere Energy

  • BY: Andrew Hore |
  • POSTED: 10/11/2011 |

Oil and gas producer Silvermere Energy says that the I-1 well on its Mustang Island asset in the Gulf of Mexico is on course to commence production before the end of the year.

The platform should be complete by the end of November and the pipeline to connect the platform with the existing pipe infrastructure has been delivered. The installation programme will take 17 days although it could be delayed by bad weather. 

At 19.5p a share, Silvermere is valued at £3.58m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFOctober2011_25.pdf

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