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Sterling Resources Announces Offshore Netherlands Farm Out Agreement

Sterling Resources Ltd. (SLG.V) announced that its wholly-owned Netherlands subsidiary has signed a farm-out agreement with Petro Ventures Netherlands B.V. covering its licenses within the F-Quad and L-Quad offshore Netherlands.

Subject to governmental and co-venturer approvals, Sterling Netherlands as operator will now hold a 25% working interest, Energie Beheer Nederland BV (EBN) will hold 40%, Petro Ventures Netherlands B.V. will hold 25% and Grove Energy Limited (a subsidiary of Enquest PLC) will hold the remaining 10%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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