Dick Stabbins, Chairman, said “Looking ahead, there are many exciting opportunities open to us and, of course, issues that we need to resolve. Key amongst these is near-term drilling in Kurdistan, which is clearly one of the most exciting hydrocarbon provinces in the world, as well as dealing with the excess of our debt over our appraised borrowing base.

Sterling Energy, the AIM listed (symbol: SEY) independent oil and gas exploration and production company operating in Africa, the Middle East, the Gulf of Mexico and onshore USA, today announces its 2008 Preliminary Results together with an update on progress and outlook.