Sterling Energy Provides Operations Update

Source: www.gulfoilandgas.com 11/4/2010, Location: Asia

Sterling Energy Plc is issuing its Interim Management Statement for the period beginning 1 July 2010 and updated operations in Madagascar and Mauritania.

Cameroon
The Ntem Block, offshore Cameroon, remains in force majeure. Progress continues towards a resolution of the border dispute between the governments of Cameroon and Equatorial Guinea, but no specific timetable can be forecast. The Company currently holds 100% of the Ntem licence and expects to farmout a portion of its interest in exchange for being carried for its share of drilling costs.

Madagascar
The Rajoelina government, formed after the coup in March 2009, has not been recognised by its African neighbours or by many other governments. Sterling and ExxonMobil, our partner and the operator of the Ampasindava Block, will look for an improvement in the political situation before undertaking any significant expenditure.

The current exploration periods for both the Ambilobe and Ampasindava licences come to an end in November 2010. Sterling and Exxon are in discussions with OMNIS, the state oil company of Madagascar, with regard to an extension of both licences.


Morocco >>  7/19/2024 - Sound Energy, the transition energy company, is pleased, further to the update provided by the Company on 30 April 2024 and the continued discussions ...
Australia >>  7/18/2024 - Dorado Phase 1 liquids development continues positive progress towards FEED re-entry later this year and FID in 2025
- The assessment of key opt...


Suriname >>  7/18/2024 - QatarEnergy signed an agreement with Chevron to acquire a 20% working interest in a production sharing contract for block 5 offshore Suriname. Pursua...
Canada >>  7/12/2024 - E-Power Resources Inc. ("E-Power" or the "Company") is pleased to provide an update on exploration completed and planned on the Company's Tetepisca Gr...

Mongolia >>  7/10/2024 - Petro Matad Limited, the AIM quoted Mongolian oil company announced on 5 July 2024 that Mike Buck, Chief Executive Officer, and members of the Company...
Norway >>  7/10/2024 - Wellesley Petroleum has proven oil and gas in the Gnomoria Appraisal (35/10-12 S) well in the North Sea, about 100 kilometres southwest of Florų.
<...


Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.