Sterling Announces Romanian Well Deferral

Canada-based Sterling Resources announced that the drilling of the Muridava-1 well in Romania has been deferred until the end of the first quarter of 2014.

According to a note released on Friday, Petroceltic International decided to return the GSP Premeteu jack-up rig to Constanta for maintenance work.

Petroceltic Romania is the operator with 40% equity. Sterling Resource’s subsidiary Midia Resources holds 40% stake while Petromar Resources the remaining 20%.

On the same press release, Sterling announced the resignation of the former Chief Executive Officer Mike Azancot.