Sterling Energy Resources, Inc. Announces Investment Plan To Enhance Production From The McLouth Oilfield

OVERLAND PARK, Kan., June 5, 2015 /PRNewswire/ -- 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.

STERLING ENERGY RESOURCES, INC.

Sterling Energy Resources, Inc. is an oil and gas exploration and production company based in Overland Park, Kansas.  Sterling owns and operates the McLouth Oilfield in Kansas.  Sterling also owns working interests in leases in Texas.

NON-SOLICITATION

This notice does not constitute an offer to sell nor a solicitation to buy a security.  Any offer to sell or a solicitation to buy a security from the Company is made only to prospective investors with whom the Company has a pre-existing business relationship and only by the complete Confidential Private Placement Memorandum covering the private placement of partnership interests in the investment program formed and sponsored by the Company to own a 25% working interest in the McLouth Oilfield, including the risk factors described in the Memorandum.

SAFE HARBOR

This press release contains forward-looking statements regarding future events and potential results.  All statements other than statements of historical facts included in this press release, such as statements regarding our business strategy and prospects, are forward-looking statements.

Forward-looking statements are based on our current expectations and assumptions about future events and involve inherent risks and uncertainties.  Important factors (many of which are beyond our control) could cause actual results to differ materially from those set forth in the forward-looking statements, including the following: general economic or industry conditions; fluctuations in commodities prices, particularly oil and natural gas; inability to raise capital; failure to discover or produce commercial quantities of oil, natural gas or other hydrocarbons; less revenue and higher costs than anticipated; inability to earn profits; decline in our stock price; competition in obtaining rights to explore for oil and gas reserves; and other economic, competitive, governmental, regulatory and technical factors affecting our Company's operations, products, services and prices.

 

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SOURCE Sterling Energy Resources, Inc.

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