Sterling Energy Res (SGER) 0.0470 $SGER
Sterling Energy Resources, Inc. Announces Investment Plan To Enhance Production From The McLouth Oilfield
PR Newswire - Fri Jun 05, 9:41AM CDT
Sterling Energy Resources, Inc. - (Pink Sheets: SGER), a Nevada corporation ("Sterling" or the "Company"

announced today that it plans to raise $1,750,000 of capital through the sale of a 25% working interest in the McLouth Oilfield (the "Oilfield"

. The sale will be made to a partnership formed, sponsored and managed by Sterling. The Company plans to utilize the capital to drill new development wells in the Oilfield, to rework and retrofit several existing oil wells to increase oil production from them, and to implement other operations to enhance oil production.