Tag Archives | Sterling Energy

Sterling Energy Slumps on Kurdistan Update

Shares in Sterling Energy (AIM: SEY) lost nearly a third of their value on Monday morning following an update on the company's operations in Iraqi Kurdistan. The British company has a 53.33% working interest in the Sangaw North block. A flow test has been completed across the open hole section of the Sangaw North-1 well […]

Sterling Energy - Interim Management Statement

Sterling Energy Plc has issued its Interim Management Statement for the period beginning 1 January 2011. HIGHLIGHTS Sangaw North-1 exploration well is drilling ahead at 3,760m. Production, net to Sterling from the Chinguetti field, averaged 629 bopd for the first quarter 2011 (Q1 2010: 714 bopd) Adjusted EBITDA in first quarter of $0.6 million (Q1 […]

Sterling Energy Annual Results

Sterling Energy, the upstream oil and gas company listed with operations in Iraqi Kurdistan, has announced its annual results for 2010. 2010 SUMMARY Sangaw North-1 exploration well testing the potential of the Sangaw North block. Received $15.6 million of net cash flow from Chinguetti field operations during 2010 (2009: $13.3 million). Cash resources as at […]

Sterling Energy Update on Drilling at Sangaw

Sterling Energy (AIM: SEY) has provided an update this morning for the Sterling-operated Sangaw North block in Kurdistan (53.33% working interest). Sangaw North #1 Well The side-tracked wellbore of Sangaw North #1 well has been drilled to a depth of 3,360 metres, into the top of the Jurassic formations and at a depth above where […]

Sterling Energy Jumps on Kurdistan Update

Shares in Sterling Energy (LSE: SEY) rose 11% on Thursday after it stated it is ready to sidetrack and re-drill its Sangaw North-1 well in Kurdistan after recovering further 280 metres of drill pipe from the well after it ran into trouble in November. Interactive Investor quotes Keith Morris, analyst at Evo Securities, as saying: […]

Sterling Energy Slips on Kurdistan Update

Shares in Sterling Energy (AIM: SEY), the independent oil and gas exploration and production company, fell 10% on Thursday morning following an update on operations at its Sangaw North block (53.33% working interest) in Kurdistan. Since the last update on 23 November 2010, operations have been conducted to remove the hydrocarbon gas, containing approximately 0.5% […]

Sterling Energy Shares Slump after Broken Drill-Pipe in Kurdistan

Shares in Sterling Energy (AIM: SEY), the independent oil and gas exploration and production company operating in Iraqi Kurdistan, fell by 20% in early trading on Tuesday, following an update on the company's operations at the Sangaw North block, in which it has a 53.33% working interest. The Sangaw North-1 exploration well has been drilled […]

Sterling Energy Falls 10% After Update

Shares in Sterling Energy (LSE: SEY), which has operations in the Kurdistan region of Iraq, fell 10% on Thursday morning following an Interim Management Statement for the period beginning 1 July 2010. HIGHLIGHTS ·      Sangaw North #1 exploration well is drilling ahead at 2,927m. ·      Production, net to Sterling from the Chinguetti field, averaged 621 […]

Sterling Energy Plunges 40% on Kurdistan Update

Shares in Sterling Energy (LSE: SEY), the AIM-listed oil & gas company with interests Iraqi Kurdistan, fell 40% in early trading this morning following an update on its activities at Sangaw North: Sangaw North #1 Exploration Well The exploration well has been drilled to an intermediate depth of 2,395m and open-hole wire-line log data acquired […]

Sterling Energy Update on Kurdistan Exploration Well

Sterling Energy Plc, the AIM-listed independent oil & gas company with operations in Iraqi Kurdistan, provided an update this morning on its exploration well at Sangaw North. Further 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 […]

Sterling Energy Hits Snag at Sangaw North

Sterling Energy, the AIM listed independent oil & gas, exploration & production company with interests in the Middle East and Africa, has given an update on its activities at the Sangaw North exploration well, in Iraqi Kurdistan: Operations at the Sangaw North #1 exploration well have been halted following a failure of drilling rig equipment. […]