USA: Non-Exec Director Leaves Silvermere

Silvermere Energy Plc , the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the US, announces that Bruce Evers, a non-executive director of the Company, has resigned from the Company, in order to pursue other business interests.

“The Company would like to express its thanks to Bruce for his contribution to its development since joining the Board in December 2010,” said Silvermere in a statement.

Last week, Silvermere said that preparations for production from the I-1 well in its Mustang Island 818-L Field , located offshore Kleberg County, in Texas in the Gulf of Mexico, were progressing well.

The Company acquired its interest in the Mustang Asset in August 2011. This comprises a 33.33 per cent. working interest and 20.83 per cent. net entitlement interest in the Mustang Licence Area, an area within the southern half of the north west quarter and northern half of the south west quarter of the Block 818-L field as defined in State of Texas Oil and Gas Lease numbers 108873 and 108874. The Mustang Island 818-L field, located in Kleberg County waters of the Gulf of Mexico, is a field re-habilitation project targeting bypassed or only partially produced gas-condensate.

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Offshore Energy Today Staff, April 18, 2012