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Operations

Sterling Energy has interests in high potential exploration projects in Cameroon, 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)*

* Notice of Surrender issued 5 August 2016; surrender to become effective by end of December 2016

Somaliland

Odewayne

22,840km²

40%

Mauritania

PSC C-10

8,025 Km²

13.5%

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.
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