Sangaw Well Update

RNS Number : 3923N

Sterling Energy PLC

10 June 2010

 



10 June 2010

STERLING ENERGY PLC

("Sterling" or the "Company")

Sangaw North Exploration Well

Sterling, the AIM listed independent oil & gas exploration and production company with interests in Africa and the Middle East, is pleased to provide the following update on its activities:

Kurdistan - Sangaw North PSC

The Sangaw North #1 exploration well is currently drilling ahead at 1,505 metres.

Since the last update on 7 May 2010 two intermediate casing strings have been run; 13 5/8" casing was run and cemented with the casing shoe at 1,053 metres TVD (true vertical depth) and 9 7/8" casing was run and cemented with the casing shoe at 1,448 metres TVD.

The well bore is currently being drilled through the Shiranish horizon, the uppermost of the prospective Cretaceous aged formations in the Sangaw North prospect. While drilling this section gas shows and drill cuttings with fluorescence have been observed, both are indications of hydrocarbons being present in the well bore.

The well plan is to drill through the Shiranish and then continue drilling to evaluate the prospectivity of the Kometan and Qamchuqa horizons in the Cretaceous and the deeper potential reservoirs in the Jurassic.  

Alastair Beardsall, Sterling's Chairman said

"The gas shows while drilling are encouraging; we will continue our drilling and evaluation programme to determine the prospectivity of Sangaw North."

Enquiries

Sterling Energy Plc ([phone])    

Alastair Beardsall, Executive Chairman

Andrew Grosse, Exploration & Technical Director

Evolution Securities ([phone])

Rob Collins

Chris Sim

In accordance with the guidelines of the AIM Market of the London Stock Exchange, Andrew Grosse, B.Sc. (Hons) Geology & Geophysics (1980), Exploration & Technical Director of Sterling Energy Plc, who has been involved in the oil industry for over 29 years, is the qualified person that has reviewed the technical information contained in this press release.

 

END

 

 

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