Offshore staff
CALGARY, Canada -- Sterling Resources has tested the Doina Sister well offshore Romania. The well, which tested at stabilized rates of up 19.2 MMcf/d of gas, is currently shut in to record pressure build up information. The well tests have indicated superior reservoir qualities, according to Sterling. However, the test rates do not reflect the full production potential for a development well due to the limitations of the test equipment, the company says.
"The results from the test confirm the potential for the Doina trend and we are actively discussing a follow up drilling program for 2008," says Stewart Gibson, Sterling Resources' CEO. "In conjunction with the recent UK Breagh results, Sterling is now progressing significant gas discoveries in each of its core areas. There are also, however, large prospects yet to be drilled on our acreage in both the offshore Romania and UK areas and exploration drilling will remain a key component of our forward program."
01/15/2008
