LONDON (AFX) - Sterling Energy PLC has said it will review its...

LONDON (AFX) - Sterling Energy PLC has said it will review its estimates of proved and probable reserves at the Chinguetti field in Mauritania in its annual results statement following a report by Woodside, the field's operator.

In an operational update the AIM-listed gas and oil company noted that Woodside's interim reserves update said there were 53 mln barrels of proven and probable reserves at the field. However in its 2006 half-year report Sterling used a provisional estimate of 80 mln barrels of proven and probable reserves.

Sterling said the planned 4D seismic survey at the field will make it possible to have a much better picture of the ultimate potential recoverable reserves at the field. Sterling has an interest in Chinguetti through a funding agreement with the Mauritanian government and a farm-in arrangement with Premier Oil.

Sterling also announced that it has joined an onshore US infill well programme, which will start in December. It said three largely carried explorations wells in West Africa and 3 in the USA are due to spud by the end of the first half of 2007.

It added that it continues to seek further 'profitable and value adding assets'.