Sterling Energy announce that completion has now occurred under the Farmout Agreement (Farmout Agreement) with Jacka Resources Somaliland Limited (Jacka) for the acquisition of an additional 15% interest in the Production Sharing Contract for the Odewayne Block (the "PSC"), located onshore in the Republic of Somaliland.

The holders of the PSC are now:

• Genel Energy Somaliland Limited (Operator) 50% • Sterling Energy (East Africa) Limited 40% • Petrosoma Limited 10%

Tags: Sterling Energy Plc