Sterling reaches agreement with Romanian Government

Sterling Resources Ltd reached an agreement with the Romanian Government on a set of measures to solve the issue signalled to the Romanian state on June 20, 2011. Thus, the two parties reached an agreement on the transfer of participation quotas of the prospecting rights at some perimeters in the continental shelf of the Black Sea towards Sterling's partners, namely Petro Ventures International Ltd (20 percent) and Gas Plus (15 percent), according to the company. 'During a meeting ...

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