“We are immensely pleased to establish our foot print in Oil and Gas Exploration and Production sector by signing our 1st ever PSC as Operator for the onshore OPL 277 Block in Nigeria. We are thankful to the Nigerian Authorities including the DPR and NAPIMS and our Partners Domon Oil Services Limited, Kunoch Oil Services Limited and Prime Time International Energy Services for their guidance, support, understanding and help to commence our activities on the OPL 277 block in Nigeria as the Operator.

We intend to expand our activities by acquiring more blocks in the near future not only in Nigeria but also in nearby African countries to add value to Sterling as well to the countries we work.

Our aim is to commercially produce and put the 1st oil online from the OPL 277 block within 24 months from the effective date of the PSC and we intend to deploy worldclass professionals with proven and new technologies to meet the objectives in a prudent and safe manner with great emphasis on the local community development so that we work in harmony with the people of Nigeria”.