LONDON May 9 (Reuters) - Silvermere Energy PLC : * Trading in ordinary shares of company has been suspended with immediate effect * Board has pursued a number of funding proposals but company has not been able to procure necessary funding ...

Silvermere floating on the AIM market in the summer of 2011 and its focus has been on bringing a well online at the Mustang Island project in the Gulf of Mexico.

StockMarketWire.com - Trading in Silvermere Energy's shares has been temporarily suspended from AIM pending clarification of the company's financial position.

... of Defence had asked for more information on the potential impact of the project on its nearby RAF Fylingdales base. Penny share Silvermere Energy, which explores for oil and gas, was suspended at 1.875p when it said it had failed to secure funding.