What makes you think there is no link? I'm not sure we understand your concern.
Silvermere conditionally raised £629,000 last month to fund its share of the remaining tie-in costs related to initial production at the I-1 well. The company has a 33.33 percent working interest in the Mustang licence area and a 20.83 per cent net entitlement interest.
What I posted before:
As previously announced on March 9, 2012, Worthington acquired a 10.35% Carried Working Interest in the recently drilled I-1 well, plus a 2% Override Interest in the entire Mustang Island 818-L Lease, covering 14,400 acres in the Gulf of Mexico, from Black Cat Exploration & Production, LLC.
