Silvermere provide the following update on preparations for production from the I-1 well in its Mustang Island 818-L Field. This is based on information provided by the Operator, Dominion Production Company LLC.

Load out of the platform, tripod and pilings commenced on Monday 9th April, 2012. The load out phase involves the tripod, platform and associated equipment being loaded and "tied down" onto the barges which are currently on location at Laredo's yard in Galveston. Once loaded, the barges will be towed by tugs to the designated well location.

The installation is a 3 phase programme. First, the tripod base structure is installed. This operation is conducted by pile driving large metal supports through the legs of the tripod into the seabed to ensure the stability of the structure. The pilings will be driven to 180' below the mud line or to the point of refusal.

Tags: Silvermere Energy