The Company announced in May that it had exchanged its 50 percent interest in the UKCS Block 16/3d (Cairngorm) for a 10 percent interest in the Netherlands F and L Quad licences held by Enquest PLC. The Cairngorm licence, which was awarded in the UK 26 th Offshore Licensing Round earlier this year, was not regarded as a core asset, and this transaction will further optimize Sterling's portfolio in the highly prospective F and L Quad licences in the Dutch North Sea.Romania
Sterling Resources Announces Second Quarter Operating And Financial Results
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