16 Mar 2016 07:00
16 March 2016
Withdrawal from Block C-3, Mauritania
Sterling Energy plc (the 'Company' - Ticker Symbol: SEY), the AIM listed upstream oil and gas company with interests in Africa, announces that, following its previous announcement of 29 January 2016, its wholly owned subsidiary Sterling Energy Mauritania Limited has completed its withdrawal from Block C-3, offshore Mauritania.
The holders of the production sharing contract for Block C-3, located offshore in the Islamic Republic of Mauritania are now:
Tullow Mauritania Limited (Operator) | 90% |
Société Mauritanienne des Hydrocarbures et de Patrimoine Minier | 10% |
Comment
Eskil Jersing, the Company's Chief Executive Officer commented:
"We would like to record our sincere thanks to Société Mauritanienne des Hydrocarbures et de Patrimoine Minier and the Government of Mauritania for their understanding and assistance with the withdrawal from Block C-3. We remain committed to our assets in Mauritania and look forward to focussing our efforts on de-risking and maturing the remaining potential in Block C-10."
Further Information
Further information can be found on the Company's website at www.sterlingenergyplc.com
Sterling Energy plc | Tel: +44 20 7405 4133 |
Eskil Jersing (CEO)
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Peel Hunt LLP | Tel: +44 20 7418 8900 |
Richard Crichton Ross Allister
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