Sterling Resources has signed a drilling contract with Grup Servicii Petroliere S.A. (GSP) for the use of the jackup Prometeu, which is available to start operations on the Doina D well toward the end of July 2008. The contract is for one firm well and one option well. The option well is planned to be an appraisal and step-out well from the Doina Sister discovery which was drilled with the Prometeu in December 2007.
Stewart Gibson, CEO, commented, "We are pleased to have been able to sign a contract for the Prometeu, the rig and crew performed efficiently without incident on our Doina Sister well and we are looking forward to starting our 2008 drilling campaign in the Black Sea."
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