LATEST NEWS

1 Oct 2008

The Company announces that it has published and circulated to shareholders the circular dated 1 October 2008 containing details of the proposed placing announced on 30 September 2008 and a notice of an extraordinary general meeting, convened for 9.00 a.m. on 17 October 2008 (“Circular”).

30 Sep 2008

Proposed placing of 675,000,000 new Ordinary Shares to raise £13.5 million

Sterling, the AIM listed independent oil and gas exploration and production company with interests in the Gulf of Mexico, Africa and the Middle East, today announces that it has conditionally placed 675,000,000 new ordinary shares ("Ordinary Shares") of one pence each (the "Placing Shares") at 2 pence per share (the "Placing Price") to raise £13.5 million (before expenses) (the "Placing").

30 Sep 2008

Kurdistan Update

Sterling (symbol: SEY), an AIM listed independent oil and gas exploration and production company with interests in the Gulf of Mexico, Africa and the Middle East, today announces that it has agreed to farmout a 33.33% interest in the Sangaw North Production Sharing Contract (“Sangaw North PSC”), in the Kurdistan Region of Iraq, to Addax Petroleum Sangaw Limited (“Addax Petroleum”).

30 Sep 2008

2008 INTERIM RESULTS

Progress towards potentially company making wells in 2009.