StockMarketWire.com – Sterling Energy said completion has occurred under the Farmout Agreement with Jacka Resources Somaliland Ltd for the acquisition of an additional 15% interest in the Production Sharing Contract for the Odewayne Block, located onshore Republic of Somaliland.
The holders of the PSC are now:
– Genel Energy Somaliland Limited (Operator) – 50%
– Sterling Energy (East Africa) Limited – 40%
– Petrosoma Limited – 10%
At 8:03am: [LON:SEY] Sterling Energy PLC share price was +0.63p at 30.13p