Business
Operations update - Sangaw No
Operations update - Sangaw No.
About this update from Afentra Plc
[{"type":"text","content":"\n RNS Number : 8288R Sterling Energy PLC 31 August 2010 \n \n\n \n31 August 2010\n \nKurdistan - Sangaw North PSC\nSterling Energy Plc (\"Sterling\" or \"Company\"), the AIM listed independent oil & gas, exploration & production, company with interests in the Middle East and Africa, provides the following update on its activities:\nSangaw North Exploration Well \n \nFurther to the announcement dated 6 August 2010, the repairs to the Sakson drilling rig have now been completed and the rig has resumed operations. Sterling's plan is to continue testing the prospectivity of the Sangaw North #1 exploration well previously identified from the wire-line log data and drilling shows over the open-hole interval of 1,450m to 2,395m. \n \nIt is estimated that the testing will take approximately 10 days to complete, after which the plan is to drill ahead through the remaining Cretaceous section and then to the deeper potential reservoirs in the Jurassic. Due to the delays incurred whilst the rig was undergoing repairs, the well is now expected to reach its planned depth of 3,660m during the 4th quarter of 2010.\n \nAlastair Beardsall, Sterling's Chairman, commented\n \n\"We are pleased that the repairs to the drilling rig are now complete and we look forward to continuing the evaluation of the Sangaw North #1 exploration well.\"\n \n \nEnquiries\nSterling Energy Plc (+44 20 7405 4133) \nAlastair Beardsall, Executive Chairman\nAndrew Grosse, Exploration & Technical Director\nEvolution Securities (+44 20 7071 4300)\nRob Collins & Chris Sim\nAndrew 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.\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCURSARRNAWOUR \n ","length":3334,"tagName":"div"}]