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About this update from Afentra Plc
[{"type":"text","content":"\n RNS Number : 4378A Sterling Energy PLC 01 August 2008 \n \n\n\n\nSTERLING ENERGY PLC\n('Sterling' or the 'Company')\n\n\nDrilling Update - Gabon\n\nFurther to the Company's announcement on 7 July 2008, Sterling (symbol: SEY), an AIM listed independent oil and gas exploration and production company with interests in the Gulf of Mexico, Africa and the Middle East, confirms that the ICM-1 well, in the Iris Marin permit offshore Gabon, has been drilled to a depth of 1,640 metres. \n\nThe reservoir was encountered as planned, but was found to be water bearing, and the well is therefore being plugged and abandoned. \n\nSterling has a 32% interest in the Iris Marin permit, following a recent farmout of an 18% interest on a carried basis and Sterling's 14% paying interest in the well is more than covered by the past costs payment made to Sterling, as part of this farmout.\n\n\nFor further information contact:\n\nSterling Energy Plc (+44 20 7405 4133)\nGraeme Thomson, Chief Executive\nAndrew Grosse, Exploration & Technical Director\n\nEvolution Securities (+44 20 7071 4300)\nRob Collins\n\nCitigate Dewe Rogerson (+44 20 7638 9571)\nGeorge Cazenove\n\n\nIn 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 27 years, is the qualified person that has reviewed the technical information contained in this press release.\n\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END DRLPBMPTMMTMMPP \n ","length":3157,"tagName":"div"}]