Global Leader in International Oil and Gas Industry News

posted in:

Sterling Resources prepares for drilling in South Cladhan

Tuesday, Feb 21, 2012

CALGARY, Feb. 21, 2012 /CNW/ - Sterling Resources Ltd. (TSXV: SLG) ("Sterling" or the "Company") is pleased to announce that it has contracted the Transocean Sedco 704 semi-submersible drilling rig to drill an exploration well in the South Cladhan area in UK North Sea Block 210/29c. The rig is due on location in March with the timing dependant on its current work program for Premier Oil.

This will be the first well to be drilled in a channel system in this block
which is due south of Sterling's main Cladhan field in Blocks 210/29a and
210/30a.

The partnership in South Cladhan (Block 210/29c) is composed of Sterling, which as operator holds a 25 percent interest, Valiant Exploration Ltd. with a 30 percent interest, Wintershall UK North Sea Ltd. with a 25 percent interest and Agora Oil and Gas UK Ltd. with a 20 percent interest.

Sterling Resources Ltd. is a Canadian-listed international oil and gas company headquartered in Calgary, Alberta with assets in the United Kingdom, Romania, France and the Netherlands.  The shares are listed and posted for trading on the TSX Venture Exchange under the symbol "SLG".

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Sterling Resources Ltd.

To access over 2,500 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Oil & Gas News

Air Products to Feature Its Range of Industrial Gas Supply Options and Advanced Gas Technologies at PTXi 2014 24-04-2014
FAR Ltd provides an update on current drilling program in Senegal and future plans in Kenya 24-04-2014
Hess announces sale of Thailand oil and gas assets 24-04-2014
Energid's Actin Software Revolutionizes Oil and Gas Exploration 24-04-2014
Bakken Energy Corp Begins Negotiation to Buy Oil Refinery in Southern Utah Uinta Basin 24-04-2014
Ferus Natural Gas Fuels Acquires Encana's Share in Alberta LNG Plant 24-04-2014
Fincantieri Offshore chooses AVEVA software for a revolutionary project 24-04-2014
Gazprom and Austria discuss alternative Russian gas routes to Europe 24-04-2014
APPEA: Time to lift barriers on New South Wales natural gas development 24-04-2014
BP to sell interest in four Alaska North Slope oil and gas assets 24-04-2014