Completion of Withdrawal from Ambilobe, Madagascar

RNS Number : 5738X

Sterling Energy PLC

09 May 2016

 

09 May 2016

Completion of Withdrawal from Ambilobe, Madagascar

Sterling Energy plc (the "Company"), the AIM listed oil and gas exploration company (AIM: SEY), announces that, following its previous announcement of 28 April 2016, its wholly owned subsidiary, Sterling Energy (UK) Limited has completed its withdrawal from the Ambilobe block, offshore Madagascar.

The holder of the production sharing contract for the Ambilobe block is now:

Pura Vida Mauritius (Operator)

100%

Comment

Eskil Jersing, the Company's Chief Executive Officer said:

"We would like to record our sincere thanks to Pura Vida and Office des Mines Nationales et des Industries Stratégiques (OMNIS) for the swift and efficient completion of the withdrawal process.

We wish Pura Vida and OMNIS all the best in their future exploration efforts in the Ambilobe Block."

Further Information

Further information can be found on the Company's website at www.sterlingenergyplc.com 

Sterling Energy plc	Tel: [phone]
Eskil Jersing (CEO)
Peel Hunt LLP	Tel: [phone]
Richard Crichton Ross Allister

 

END

 

 

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