Sterling Energy announce that completion has now occurred under the Farmout Agreement (Farmout Agreement) with Jacka Resources Somaliland Limited (Jacka) for the acquisition of an additional 15% interest in the Production Sharing Contract for the Odewayne Block (the "PSC"), located onshore in the Republic of Somaliland.
The holders of the PSC are now:
• Genel Energy Somaliland Limited (Operator) 50%
• Sterling Energy (East Africa) Limited 40%
• Petrosoma Limited 10%