Sterling Resources Ltd. announces commencement of Cladhan Well in the UK North Sea
Sterling Resources Ltd. report that operations on the Cladhan exploration well on Block 210/29a in the United Kingdom Northern North Sea have commenced, with the arrival of the Transocean 704 semi-submersible rig at the site. The well is targeting an Upper Jurassic prospect and is anticipated to take 35 days to drill. Sterling is the operator and currently holds a 39.9 percent working interest.
Stewart Gibson, Chief Executive Officer of Sterling stated, “We continue our very active year of drilling with the Cladhan well, having already completed two successful wells offshore Romania and currently preparing to test the East Breagh well in the Southern North Sea. The Cladhan well is an exciting exploration prospect for us with significant potential for oil in place. Applied Drilling Technology International (ADTI) is providing drilling support on a turnkey basis for the Cladhan well, concurrent to their ongoing support with the ENSCO 70 rig on our current East Breagh well.”
Sterling Resources Ltd. is a Canadian-listed international oil and gas company headquartered in Calgary, Alberta with assets in the United Kingdom, Romania and France. The shares are listed and posted for trading on the TSX Venture Exchange under the symbol “SLG”.