Sterling announces successful Doina Sister test rates up to 19.2 Mmscf/d



    CALGARY, Jan. 14 /CNW/ - Sterling Resources Ltd. (TSX-V: SLG)

    Offshore Romania: Sterling is pleased to report that the Doina Sister
well has tested at stabilized rates up to 19.2-million standard cubic feet per
day (Mmscf/d) for four hours from perforations across the interval
1,139-metres to 1,168-metres. The well was then tested for 14-hours at a fixed
rate of 16.5-million standard cubic feet per day through a 48/64th inch choke
with a stable wellhead flowing pressure of 1,160-psi. The well is currently
shut in to record pressure build up information. As with the discovery well on
the neighbouring Doina prospect, the test rates do not reflect the full
production potential for a development well due to the limitations of the test
equipment. These limitations also resulted in the decision not to perforate
the lower 12-metre net pay interval. Performance of the Doina Sister well
during test indicates that it has superior reservoir qualities compared to the
original Doina well, as expected from the electric open hole log data, and
this will be quantified on recovery of the pressure gauges. Following
conclusion of the test the well will be suspended for possible future re-entry
and the Prometeu rig released. To date, drilling and testing operations have
progressed on schedule.
    As detailed in previous releases, Sterling was funded during the drilling
and testing of the Doina Sister well and retains a 65-percent working interest
in the large Midia and Pelican blocks which together extend to 1.1-million
acres. Farm-in parties to the offshore area are Gas Plus International B.V.
(15-percent), who joined recently before the well test exercising an option in
the farm-in agreement to directly participate in the Doina Sister well, and
Petro Ventures International Limited (20-percent). Completion of the farm-in
agreements are scheduled to follow ratification of the new concession
agreement recently approved by the National Agency for Mineral Resources. In
addition, Jersey based Gemini Oil and Gas Fund II, L.P. ("Gemini") provided
funding to Sterling towards its well costs and will be entitled to payments
equivalent to a share of Sterling's gross revenue from any future production
from the Doina trend.
    Mr. Stewart Gibson, CEO, said "The results from the test confirm the
potential for the Doina trend and we are actively discussing a follow up
drilling program for 2008. In conjunction with the recent UK Breagh results,
Sterling is now progressing significant gas discoveries in each of its core
areas. There are also, however, large prospects yet to be drilled on our
acreage in both the offshore Romania and UK areas and exploration drilling
will remain a key component of our forward program."

    Forward-Looking Statements

    This disclosure contains certain forward-looking statements that involve
substantial known and unknown risks and uncertainties, certain of which are
beyond Sterling's control, including: the impact of general economic
conditions in the areas in which Sterling operates, civil unrest, industry
conditions, changes in laws and regulations including the adoption of new
environmental laws and regulations and changes in how they are interpreted and
enforced, increased competition, the lack of availability of qualified
personnel or management, fluctuations in commodity prices, foreign exchange or
interest rates, stock market volatility and obtaining required approvals of
regulatory authorities. In addition there are risks and uncertainties
associated with oil and gas operations, therefore Sterling's actual results,
performance or achievement could differ materially from those expressed in, or
implied by, these forward-looking statements. All statements included in this
press release that address activities, events or developments that Sterling
expects, believes or anticipates will or may occur in the future are
forward-looking statements. These statements include future production rates,
completion and production timetables and costs to complete wells, and
production facilities. These statements are based on assumptions made by
Sterling based on its experience perception of historical trends, current
conditions, expected future developments and other factors it believes are
appropriate in the circumstances.

    Sterling Resources Ltd. is an international oil and gas company
headquartered in Calgary, Alberta.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    %SEDAR: 00002072E




For further information:

For further information: visit www.sterling-resources.com or contact
either: Ken J. Croft, Investor Relations, Phone: (403) 215-9265, Fax: (403)
215-9279, ken@sterling-resources.com; or Stewart G. Gibson, Chief Executive
Officer, Phone: 44-133082-6717, Mobile: 44-7768-042219,
stewart@sterling-resources.co.uk


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