Sterling Energy plc, the independent oil and gas company quoted on London’s Alternative Investment Market, has raised £5 million through a placing of 90,910,000 new ordinary 1p shares with institutional investors. Dealings in the placing shares are expected to begin on December 24.

Shares in Sterling Energy plc started trading on the Alternative Investment Market this week as the company also announced the acquisition of new gas production in the Gulf of Mexico. This week’s purchase of a 17.5% interest in the Galveston 303 license for a total consideration of $315,000 is adding instant revenues of around $50,000 per month at current gas prices, and is expected to pay for itself after less than a year. Substantial upside in wells that are currently not producing, and in un-drilled prospects, has been acquired “for free”.

LEPCO plc 8 March 2002 LEPCO plc ('LEPCO' or the 'Company') Acquisition of producing interests and issue of new shares Further to the announcement on 28 February 2002, the Board of LEPCO is pleased to announce the completion of the acquisition of Westmount Resources Inc ('WRI')and the admission to trading on the Alternative Investment Market of 6.5 million LEPCO ordinary shares of 1p each, being the consideration shares received by the vendors of WRI, Westmount Energy Limited ('Westmount').