all26 Mar 2013 13:58
have you seen this?Silvermere Energy
Athol holds a £330,000 loan note in Silvermere Energy and, notwithstanding that Silvermere has had a harder time than anticipated in bringing its I-1 well on stream, remains in close dialogue with the company as to likely further developments. Silvermere completed a small fundraising at the start of this year to tide it over, and most recently has just announced that it sold nearly 11.5 million cubic feet of gas in February alongside production of 1,845 barrels of oil, increases of 32 per cent and four per cent respectively month-on-month. The company understands that it is the intention of Silvermere to attempt to acquire another asset to give it critical mass, finance permitting, and will follow any such development with close interest.