LONDON (Alliance News) - Sterling Energy PLC Thursday said it has been granted a two-year extension to the current work period on its Odewayne production sharing contract by the government of Somaliland. The oil and gas exploration company said that the decision was made after the Somalilan
Read moreAIM-listed oil and gas exploration company Sterling Energy has received a two-year extension from the Somaliland government for its Odewayne production sharing contract (PSC). The Republic of Somaliland has established an Oilfield Protection Unit (OPU), which is expected to provide the level of sec
Read moreLONDON (Alliance News) - Sterling Energy PLC Tuesday said it has signed a further deal with Jacka Resources Somaliland Ltd to acquire an additional 15% interest in the Production Sharing Contract for the Odewayne Block in Somaliland. The oil and gas exploration and production company said i
Read moreLONDON (Alliance News) - Sterling Energy PLC Friday said its post-tax profit in its first quarter increased but its revenues fell as production was hit by expected declines and scheduled maintenance. The oil and gas exploration and production company said its post tax profit for the three m
Read moreLONDON (Alliance News) - UK shares have opened lower Friday on heightened concerns about the standoff in Ukraine.
William Hill said it will close 109 gaming shops in response to the UK government's hike to machine gaming duty, putting 420 employees at risk. William
The FTSE Small Caps Index closes 0.9 percent lower and the junior-listed FTSE AIM All Share Index ends 1 percent, outperforming a 1.5 drop recorded by mid-caps. The blue-chip FTSE 100 index finishes 0.5 percent lower. Oil exploration firm Sterling Energy slumps 26 percent after the co
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