Resources round-up: Silvermere Energy, Kryso Resources, Mediterranean Oil and Gas

Also covered in this round-up: Angel Mining and Strategic Natural Resources.

Medoilgas Italia, a subsidiary of Mediterranean Oil and Gas, has announced that its exploration permit BR269 GC has been granted a three-year extension until May 5th 2015 by the Italian Ministry for Economic Development. Chief Executive Bill Higgs said: 'We are pleased that this licence extension has been granted and we see this as a positive sign in our on-going discussions with the Italian authorities regarding the issuance of a production concession for our proposed development of the Ombrina Mare field.'

Silvermere Energy, an independent oil and gas company, has been informed that its contractor, Laredo, has found an alternative lift-boat from within its own fleet to operate at the I-1 well in its Mustang Island 8181-L field. The original lifeboat hit an unmarked and unreported obstruction during transit. The lifeboat is expected to come off its existing contract in about 30 days and will then complete the piling and installation of the platform for the re-entrt of the well. Silvermere has a 33.3% working interest in the Dominion Production-operated venture. The firm recently reported that poor weather has already delayed production somewhat.

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