Sterling Energy PLC Odewayne, Repubilc of Somaliland (6947H)
09 June 2017 - 10:00PM
UK Regulatory
TIDMSEY
RNS Number : 6947H
Sterling Energy PLC
09 June 2017
9 June 2017
ODEWAYNE, REPUBILC OF SOMALILAND
Sterling Energy Plc ("Sterling" or the "Company"), the AIM
listed oil and gas exploration and production company (AIM: SEY),
is pleased to announce that the Government sponsored 2D seismic
campaign on the Odewayne Block has commenced. The campaign will
satisfy the minimum work obligation for the current third period,
for which Sterling is fully carried by Genel for all costs. The
Company expects initial results late Q3 2017 and will thereafter
undertake its own technical evaluation of the data.
Sterling Energy Plc.'s CEO, Eskil Jersing, said:
"We are very pleased that the 2D seismic campaign has commenced.
It will provide the first detailed subsurface view in what is one
of the last untested large frontier rift basins in Africa. We would
like to congratulate the Ministry of Energy & Minerals for the
successful start to the campaign."
Further information:
This announcement is inside information for the
purposes of Article 7 of Regulation 596/2014.
Sterling Energy Plc Tel: +44 20 7405 4133
Eskil Jersing (CEO)
Michael Kroupeev (Chairman)
Peel Hunt LLP Tel: +44 20 7418 8900
Richard Crichton
Ross Allister
This information is provided by RNS
The company news service from the London Stock Exchange
END
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