Sterling Resources Ltd. expects sales gas production for the second half of 2014 to average 119 million cubic feet of sales gas per day (MMscf/d) for the whole field (36 MMscf/d net to Sterling), with a 2014 year-end exit rate of 135 MMscf/d (40.5 MMscf/d net to Sterling).

During 2015 whole field sales gas production is expected to average 111 MMscf/d (33.3 MMscf/d net to Sterling) with a 2015 exit rate of 117 MMscf/d (35 MMscf/d net to Sterling).

These projections assume the A07 well coming on-stream in mid-August 2014, the A08 well coming on-stream in late October 2014, and the assumed contribution from the sidetrack and hydraulic stimulation of two existing wells in the second half of 2015.

Tags: Sterling Resources Ltd.