Sterling Resources Ltd. commences drilling of the Ana-2 appraisal well in offshore Romania



    CALGARY, Aug. 28 /CNW/ - Sterling Resources Ltd. ("Sterling") (TSX-V:SLG)
is pleased to report that drilling of the Ana-2 appraisal well in the Romanian
Black Sea has commenced, and the well spudded on August 28, 2008. (Sterling 65
percent working interest). It is anticipated that the well will take 30 days
to drill and a further 15 days should testing be completed.
    "This is an exciting appraisal well for Sterling in Offshore Romania,"
stated Stephen Birrell, Vice President (Romania) of Operations, "Following our
success in December 2007 with Ana-1 (previously referred to as Doina Sister),
we return to drilling the Ana Gas Field to delineate the field with a 45
degree deviated appraisal well just under one kilometre northwest of the
original Ana-1 discovery well. Success with this well will confirm our
expectations for the field," continued Mr. Birrell.
    Planning for this appraisal well started soon after the successful test
of the Ana-1 well with the introduction to the Romanian Black Sea of two
technologies utilized from operations in the United Kingdom Southern North
Sea, Mud-Line Suspension technology (MLS) for suspending wells and drilling
templates for pre-drilling wells prior to development. Both of these
technologies prepare the way for the Ana wells to be used during the
development of the field. Sterling intends to use the Ana-2 well for potential
production, again preserving the well for future development using the MLS
technology, and then eventually access both the Ana-1 and Ana-2 wells from the
same platform.
    "Since moving onto the Ana location we have been installing the drilling
template which precisely spaces the wells and yesterday we successfully
installed the drilling conductor through the template, permitting the
potential future use of both wells," noted John Rapach, Vice President of
Operations for Sterling. "Setting of the template in 69 metres of water was
certainly a first for the Romanian offshore oil and gas industry. This
operation required tremendous effort from our operations team in Romania to
prepare the rig and then run to the sea bed and position the template.
Sterling is particularly pleased to say that this successful operation was
done both efficiently and without incident, which is a credit to the technical
ingenuity of the entire team," stated Mr. Rapach.

    Sterling Resources Ltd. is a Canadian-listed international oil and gas
company headquartered in Calgary, Alberta with assets in the United Kingdom,
Romania and France. The shares are listed and posted for trading on the TSX
Venture Exchange under the symbol "SLG".

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

    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. In addition,
statements relating to reserves or resources are deemed to be forward-looking
statements as they involve the implied assessment, based on certain estimates
and assumptions that the reserves and resources described can be profitably
produced in the future.
    These forward-looking statements involve numerous 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. In addition, these statements involve
substantial known and unknown risks and uncertainties that contribute to the
possibility that the predictions, forecasts, projections and other-forward
looking statements will prove inaccurate, 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. Readers should also carefully consider the matters
discussed under the heading "Risk Factors" in the Company's Annual Information
Form.
    Undue reliance should not be placed on these forward-looking statements,
as there can be no assurance that the plans, intentions or expectations upon
which they are based will occur. Sterling's actual results, performance or
achievements could differ materially from those expressed in, or implied by,
these forward-looking statements. These statements speak only as of the date
of the press release. Sterling does not intend and does not assume any
obligation to update these forward-looking statements except as required by
law.

    %SEDAR: 00002072E




For further information:

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


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