Sterling Energy said it has been granted a further two-year extension to the current period of the Odewayne Production Sharing Agreement (PSA).
Sterling Energy said it has been granted a two-year extension on the Odewayne Production Sharing Agreement.
Sterling Energy said its subsidiary has issued a notice of surrender in relation to the Ntem concession offshore Cameroon.
Sterling Energy has completed its withdrawal from the Ambilobe block offshore Madagascar.
Sterling Energy has confirmed it plans to pull out of the Ambilobe block in Madagascan waters by July.
Sterling Energy said its loss widened in the first quarter of 2016, as production from its Chinguetti field in Mauritania fell due to temporary flow assurance issues.
Infill drilling work at the Breagh gas field could be delayed as further investments in its first phase are put under review. Sterling Resources said the production at the gas field in the North Sea is continuing slightly ahead of schedule. Production last month averaged 28.1million standard feet of sales gas per day.
Sterling Energy has disputed claims made by Cameroon's state oil company that the Ntem concession in an "open block".
Sterling Energy has confirmed a 13.5% working interest in the deepwater C-10 block offshore Mauritania.
Africa-focused Sterling Energy today announced the departure date for Phil Frank, who it had previously said was to step down from the board. He will leave the alternative investment market-listed firm's boardroom team on Friday.