Sterling Resources* (SLG : TSX-V : $2.57), Net Change: 0.10, % Change: 4.05%, Volume: 101,540
High-impact coming up. Sterling Resources has been quietly creeping higher day after day, even in the face of Tuesday's
broader market sell-off. This year will be a very active and exciting year for the international oil & gas company, with the
spudding of the first (Cladhan play in the North Sea) of their multiple potentially enormous targets expected in May. Sterling
Resources announced an operational update and addition of new acreage. At last check, Canaccord Adams Senior Oil & Gas
Analyst Richard Wyman highlighted that 2010 will be one of the most active drilling periods in the Sterling's history with
several potentially high-impact exploration wells to be drilled in the U.K. sector of the North Sea and offshore Romania.
Additionally, the company continues to make progress securing project financing for the Breagh development and is optimistic
that Romanian authorities will approve the assignment of working interests to partners to affect the farm out announced over a
year ago. Sterling has also added exploration acreage in France and Netherlands.