thanks rodd,
here is the full announcement.
Company Sterling Energy PLC
TIDM SEY
Headline USA Gas Discovery
Released 09:26 14-Mar-08
Number 1112Q
14 March 2008
STERLING ENERGY PLC
(“Sterling” or the “Company”)
USA GAS DISCOVERY & PRODUCTION INCREASE
Sterling Energy (AIM: SEY), an independent oil & gas exploration and production company with interests in the USA, Africa and the Middle East, is pleased to announce a gas discovery from its Marlin #1 well, Texas, USA and an increase in USA production.
The Marlin #1 well has been tested at a rate of 3.4 mmcfgd (net to Sterling) on a 26/64 inch choke, flowing at 6,100 psi. This Austin Chalk well was drilled to approximately 15,000 feet. Sterling anticipates first sales in April 2008.
USA production for the first two months of 2008 averaged 28 mmcfged compared with 25 mmcfged in the fourth quarter of 2007.
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