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Operations

Sterling Energy has interests in high potential exploration projects in Cameroon, Madagascar, Mauritania and Somaliland. Sterling continues to identify and acquire new ventures, securing interests through direct licensing agreements, farming in or acquisition.

Country

Contract

Area

Sterling Interest

Cameroon

Ntem

2,319km²

100% (Operator)

Madagascar

Ambilobe

17,650km²

50% (Operator)

Madagascar

Ampasindava

7,379km²

30%

Somaliland

Odewayne

22,840km²

40%

Mauritania

PSC C-3

9,781 Km²

40.5%*

Mauritania

PSC B Chinguetti Field

29km²

  • Economic interest for ~8% of Chinguetti production.
  • Sliding scale royalty over 5.28% of Premier's share of the production of the Chinguetti Field.
* Pending Government approval and completion of the transaction with Tullow
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