Decision Sterling selling Midia Resources, published in Official Gazette

Sterling Resources Ltd approved the sale CIEP Romania to Midia Resources sarl (the Carlyle Group) and the decision was already published in the Official Gazette last week to conduct opposition period.

https://docs.zoho.com/file/ht8blf50754b9f5e749ac8c16e80748674e99

Sterling Resources sold 42.5 million dollars over its business in Romania International Energy firm Carlyle Partners (CIEP).

The transaction includes the cost shares Pelican13 offshore oil perimeters (which owns 65%), 15 Midia (65%), EX- Star 25 (50%) and Muridava EX-27 (40%).

Perimeters, located in the Romanian Black Sea continental shelf, contain a number of significant discoveries of gas resources and net present 2C category and net Possible resources that amounts to the equivalent of about 51 and that 375 million barrels of oil.

At the conclusion of the sale, Sterling Canadians are assisted by lawyers from Musat & Asociatii.

"Investing in the future of energy in Southeast Europe. Our team's expertise and resources can help build infrastructure and production capacity necessary to achieve the company to be bought to become an important regional producer, "said Marcel Van Poecke, international director for Energy Carlyle.

In addition to the amount paid for the purchase Midia, Carlyle Partners International Energy undertook to fund and develops the blocks above.

The project will focus on development drilling, provision of infrastructure, production and sale of natural gas on the market. The funds for this investment come from CIEP, $ 2.5 billion fund that invests globally in exploration and production of oil and gas, refining, transportation, storage and marketing of petroleum and petroleum products and services not least in related oil exploitation in Europe, Africa, Asia and Latin America.

Sterling has assets in the UK, Romania, France and the Netherlands. The Company's shares are listed on the Toronto Stock Exchange.

Let us recall here that in February 2013, the Dutch Vitol, which owns 14% of Sterling, wanted to buy a Canadian company with 192 million dollars, an amount considered too small by Sterling. Now, a quarter of the amount any one offered by Vitol was deemed appropriate.

http://www.bubblews.com/posts/namr-them-to-adx-energy-australians-extended-part-one