Sterling Announces Agreement Relating to Offshore Romanian Assets

Sterling Resources Ltd. announce that it has signed a Heads of Agreement with Melrose Resources plc relating to the Pelican XIII and Midia XV Blocks located in the Black Sea, offshore Romania. In exchange for a cash consideration and a carry on future investment, Melrose will acquire a 32.5% working interest in the Pelican XIII and Midia XV Blocks. Melrose will make a cash contribution of US $24-million... 

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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... 

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TransAtlantic Petroleum Corp. Announces Farm-In to Sud Craiova Exploration License, Onshore Romania

TransAtlantic Petroleum Corp. announce it has reached agreement with Sterling Resources Ltd. to farm-in to Sterling’s Sud Craiova Block E III-7, covering 6,070 square kilometers (1.5 million acres) onshore western Romania. The agreement is subject to completion of formal documentation and approval by the Romanian National Agency for Mineral Resources. In exchange for a 50% working interest, the... 

Sterling Resources Ltd. announces planned drilling activity on the Craiova concession, onshore Romania

Sterling Resources Ltd. announce that it has reached an agreement in principle with TransAtlantic Petroleum Corporation (“TransAtlantic”) to farm out a 50% working interest in the large (1,500,000 acre) South Craiova Block E III-7 located onshore Romania. The agreement is subject to the completion of formal documentation and approval by the Romanian National Agency for Mineral Resources. This... 

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Toreador Announces Test of Upper Zone in Akcakoca-4 Well Results in Flow Rate of 18.9 Million Cubic Feet of Gas Per Day

Toreador Resources Corporation and its joint venture partners TPAO (the Turkish national oil company) and Stratic Energy Corporation today announced the successful test of the uppermost of three zones in the Akcakoca-4 well. The flow test resulted in a flow rate of approximately 18.9 million cubic feet of gas per day (MMCFD) with a flowing pressure of approximately 1,314 psi on a 48/64-inch choke.... 

TransAtlantic Petroleum Corp. Announces Award of 3 Exploration Blocks in Turkey

TransAtlantic Petroleum Corp. (TSX: TNP.U) announces it has been awarded three exploration licenses in South East Turkey. The 3 licenses together cover a total of 162,762 acres and are for a term of 4 years. They were awarded to TransAtlantic based upon a commitment to work programs on each of the respective areas. TransAtlantic will be the operator and 100% working interest owner of the licenses.... 

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