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Sterling Resources

Canada

Address: Sterling Resources Ltd 1450, 736 - 6th Avenue S.W. Calgary, Alberta T2P 3T7 Canada

Tel: +1 (403) 237-9256

Web: www.sterling-resources.com

Company description

Sterling Resources Ltd. (Sterling) is an international energy company based in Calgary, Canada. The Company is engaged in the exploration for, and development of crude oil and natural gas in selected areas of the world outside Canada. The Company has landholdings in three countries: the United Kingdom offshore and onshore, Romania offshore and onshore, and France. During the year ended December 31, 2007, Sterling continued with its farm-out strategy and farmed out additional interests in Breagh, a well in North Sea Block 210/29, the Burton Agnes well onshore United Kingdom and two wells in the Romanian Black Sea, the first of which, Doina Sister has been drilled. As a result of its 2007 drilling campaign the Company has net Best Estimate (P50) Contingent Resources of 109-Bcf and Best Estimate (P50) Prospective Resources of 154- billion cubic feet (Bcf) for Breagh in the United Kingdom and 46 and 88-Bcf of Contingent Resources (P50) respectively for Doina and Doina Sister in Romania.

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