Sterling Resources Farms In On Three U.K. North Sea Blocks
To farm in on three U.K. North Sea blocks.
Sterling Resources Ltd., Calgary, (Toronto Venture: SLG) has acquired a 25% working interest in three blocks in the U.K. North Sea from Kassel, Germany-based Wintershall (E&P) Ltd. for an undisclosed cost.
Sterling will farm in on U.K. Central North Sea blocks 21/21, 21/22 and 21/27b (Blakeney).
Drilling of the Blakeney prospect is expected to begin in July.
Sterling chief executive Stewart Gibson says, "We have worked these blocks technically in the past and look forward to the drilling of the Blakeney prospect in the near future. Success at Blakeney could add a further dimension to the development options for the area in general."