OVERLAND PARK, Kan.,
June 5, 2015 /PRNewswire/
-- Sterling Energy Resources, Inc. – (Pink Sheets: SGER), a
Nevada corporation ("Sterling" or
the "Company") announced today that it plans to raise $1,750,000 of capital through the sale of a 25%
working interest in the McLouth Oilfield (the "Oilfield").
The sale will be made to a partnership formed, sponsored and
managed by Sterling. The Company plans to utilize the capital
to drill new development wells in the Oilfield, to rework and
retrofit several existing oil wells to increase oil production from
them, and to implement other operations to enhance oil
production.
STERLING ENERGY RESOURCES, INC.
Sterling Energy Resources, Inc. is an oil and gas exploration
and production company based in Overland
Park, Kansas. Sterling owns and operates the McLouth
Oilfield in Kansas. Sterling also owns working interests in
leases in Texas.
NON-SOLICITATION
This notice does not constitute an offer to sell nor a
solicitation to buy a security. Any offer to sell or a
solicitation to buy a security from the Company is made only to
prospective investors with whom the Company has a pre-existing
business relationship and only by the complete Confidential Private
Placement Memorandum covering the private placement of partnership
interests in the investment program formed and sponsored by the
Company to own a 25% working interest in the McLouth Oilfield,
including the risk factors described in the Memorandum.
SAFE HARBOR
This press release contains forward-looking statements regarding
future events and potential results. All statements other
than statements of historical facts included in this press release,
such as statements regarding our business strategy and prospects,
are forward-looking statements.
Forward-looking statements are based on our current expectations
and assumptions about future events and involve inherent risks and
uncertainties. Important factors (many of which are beyond
our control) could cause actual results to differ materially from
those set forth in the forward-looking statements, including the
following: general economic or industry conditions; fluctuations in
commodities prices, particularly oil and natural gas; inability to
raise capital; failure to discover or produce commercial quantities
of oil, natural gas or other hydrocarbons; less revenue and higher
costs than anticipated; inability to earn profits; decline in our
stock price; competition in obtaining rights to explore for oil and
gas reserves; and other economic, competitive, governmental,
regulatory and technical factors affecting our Company's
operations, products, services and prices.
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SOURCE Sterling Energy Resources, Inc.