LONDON (Alliance News) - Sterling Energy PLC Thursday said it has been granted a two-year extension to the current work period on its Odewayne production sharing contract by the government of Somaliland. The oil and gas exploration company said that the decision was made after the Somalilan Read More

Sterling Energy Signs USD12 Million Deal For Further Interest At Odewayne

6th May 2014 10:24

LONDON (Alliance News) - Sterling Energy PLC Tuesday said it has signed a further deal with Jacka Resources Somaliland Ltd to acquire an additional 15% interest in the Production Sharing Contract for the Odewayne Block in Somaliland. The oil and gas exploration and production company said i Read More

Sterling Energy Profit Increases, Revenue And Production Falls

25th Apr 2014 11:57

LONDON (Alliance News) - Sterling Energy PLC Friday said its post-tax profit in its first quarter increased but its revenues fell as production was hit by expected declines and scheduled maintenance. The oil and gas exploration and production company said its post tax profit for the three m Read More

UK MORNING BRIEFING: William Hill Leads Weak FTSE 100

25th Apr 2014 07:29

LONDON (Alliance News) - UK shares have opened lower Friday on heightened concerns about the standoff in Ukraine. William Hill said it will close 109 gaming shops in response to the UK government's hike to machine gaming duty, putting 420 employees at risk. William Read More

UK MIDDAY BRIEFING: Sports Direct Plunges As Ashley Sells Small Stake

8th Apr 2014 12:18

LONDON (Alliance News) - Sports Direct International founder and deputy Chairman Mike Ashley has sold a 4% stake in the firm, causing a sharp fall in its share price, just days after the sports goods retailer's shareholders again rejected a proposal to pay him a bonus. <b Read More

UK WINNERS & LOSERS: Gold Miners Among The Biggest FTSE Risers

8th Apr 2014 11:22

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday. ------- FTSE 100 - WINNERS Fresnillo, up 1.1%, and Randgold Resources, up 0.8%. The mining companies are benefiting from a sharp rise in the price of g Read More

Sterling Energy Says Bamboo-1 Fails To Find Commercial Gas And Oil

8th Apr 2014 09:08

LONDON (Alliance News) - Sterling Energy PLC Tuesday said its Bamboo-1 well at the Ntem Concession, offshore Cameroon, reached total depth and failed to find commercial levels of oil and gas. The oil and gas exploration and production company said the Bamboo-1 well, the first to be drilled Read More

Sterling Energy Profit Rises 33% On Lower Costs, Impairment Reversal

17th Mar 2014 13:41

LONDON (Alliance News) - Sterling Energy PLC said Monday its pretax profit increased in its full year 2013 despite a fall in revenues, as costs were reduced and the company received a one-off USD4.4 million payment. The oil and gas exploration and production company said its pretax profit i Read More

Sterling Energy Starts Drilling Operations At Bamboo-1 Well

10th Feb 2014 10:55

LONDON (Alliance News) - Sterling Energy PLC Monday said drilling operations have started at it Bamboo-1 well at the Ntem Concession, offshore Cameroon. The oil and gas exploration and production company said the well, which is to be drilled by the sites operator Murphy Cameroon Ntem Oil Co Read More

Sterling Energy Gains Additional Interest In Odewayne Block

27th Jan 2014 11:30

LONDON (Alliance News) - Sterling Energy PLC said Monday that it had obtained an additional 15% interest in the Odewayne Block after it completed a farmout agreement for the production sharing contract on the block, located onshore Republic of Somaliland, with Jack Resources Somaliland Ltd. <p Read More

UK MIDDAY BRIEFING: Pearson Plunges After Profit Warning

23rd Jan 2014 13:48

LONDON (Alliance News) - Publisher Pearson is the biggest faller on the FTSE 100 Thursday after it issued a profit warning, saying trading had been weaker than it expected, particularly in North America, its main market. The Financial Times owner and publisher of education books said it had Read More

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