Silvermere's Mustang Production Remains Shut-in

Silvermere Energy on Monday provided an update on the sales of oil and gas from its Mustang Island 818-L Field following the announcement dated 4 December 2012. This is based on information provided by the operator, Dominion Production Company.

As at the date of this announcement the main interconnect pipeline operated by Exxon Mobil remains shut down as a result of the repair work being carried out on it taking longer than expected. It is anticipated that the pipeline will be restored to operation in the near future and the company will issue a further update as soon as any further information becomes available.

Silvermere reported on Dec. 4 that the main interconnect pipeline operated by Exxon mobil would be shut down for up to two weeks for urgent repairs.


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