Agoracom: Small Cap Investment - Sterling Energy

Welcome To the Sterling Energy HUB On AGORACOM

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Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Have a great Sunday, especially those of you like me that are celebrating Orthodox Easter ... As well as those of you who are also like me and mourning another Maple Leafs Game 7 exit ... Ugggh!

Sincerely,

George et al

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duncanmcl

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PSC Sangaw North ends

posted on Feb 09, 2013 08:26PM

PSC Termination:

Under the terms of the PSC, Sterling and Addax must notify the Kurdistan Regional Government of Iraq (KRG) on or before 31 January 2013 whether the partnership intends to drill a further exploration well on the Sangaw North block before the end of the current exploration phase which runs to November 2013. If Sterling and Addax elect not to drill, then the PSC will terminate on the earlier of the date upon which the partnership notifies the KRG of such election or 1 February 2013.

On 29 January 2013, Sterling notified the KRG of the partnership’s decision not to drill a second exploration well in the Sangaw North PSC area and the PSC automatically terminated on that date.

The partnership has satisfied the work commitment required by the Sangaw North PSC and Sterling will now proceed, over the coming months, to close its remaining operations relating to Sangaw North. Following the closure of these operations, Sterling will have no remaining interests in Kurdistan.

Angus

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