Sterling Resources Ltd. has updated its activities offshore the UK. Sterling's consultants, RPS Troy-Ikoda have completed mapping of the current 3D seismic dataset over the western portion of block 210/30.

The results substantiate and enhance the previous analysis of 2D seismic data that indicated there are three untested structures in the Middle Jurassic Brent formation in the northern part of the block with the largest being 5 sq km in size. Of further and particular interest, is the result of mapping high amplitude anomalies identified within the Upper Jurassic sequence. This work resulted in a series of well-defined features interpreted as debris flow deposits, which are draped over the largest of the Brent structures. Work to date on amplitude modeling by Sterling's consultants, Ikon Science, indicates the potential for substantial hydrocarbon bearing sands. The high amplitude bodies also cover 5 sq km and, like the underlying Brent structures, have never been tested.

With these positive results, Sterling with 60% interest and its partner Virgo Energy with 40% have concluded that there is a sizeable drillable prospect with two targets and will begin the process to bring in an industry partner through farmout of a portion of their current interests.

09/07/04