Exploration & Production | Operational Updates | Deals - Joint Ventures | Production Rates | Financial Results | Capital Markets
Sterling Resources Considers Strategic Options
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Sterling Resources Ltd. has announced an operational, financial and strategic update.
Unless otherwise noted, all figures contained in this news release are denominated in US dollars.
Full field production from Breagh is currently 130 million standard cubic feet per day of sales gas (MMscf/d) and production during 2014 averaged 80 MMscf/d, with a 2014 year-end exit rate of 130 MMscf/d. Plant uptime was 98 percent during December 2014. Sales gas production at Breagh during 2015 is expected to be 112 MMscf/d in accordance with previous guidance. In addition to gas production, condensate is produced at an average condensate-gas ratio of 3.3 barrels per MMscf.
At Cladhan, the second production well (P2) is still being drilled and is not expected to complete until late…
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