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23 Dec 2002
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.
11 Dec 2002
Sterling Energy plc is delighted to announce the successful completion of the Gryphon Number Two (#2) production well in the High Island 52 Field in the Gulf of Mexico. The well is currently being connected to the field’s production platform, and is expected to produce gas flows significantly in excess of initial expectations, early in 2003.
23 Oct 2002
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”.
18 Oct 2002
LEPCO plc ("the Company") is delighted to announce that all the resolutions proposed at the Company's AGM and EGM held this morning were unanimously passed. In particular, subject to admission of the new ordinary shares to trading on AIM, the acquisition of Sterling Energy Limited for up to £7.9m, payable in shares, and the raising of additional working capital of £2.4million (before expenses) via a Placing and Open Offer have been approved.
8 Mar 2002
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').

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