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Bucharest
June 22, 2021
BUSINESS

Romgaz evaluates possibility of negotiating with Sterling Resources

Romgaz (SNG) is in the process of evaluating the possibility of entering negotiations with Sterling Resources, from a technical-economic and business opportunity point of view. According to information received from the Romanian company’s press bureau, the package over which the possible negotiation will take place will be decided depending on the results of the evaluation and will be subjected to the approval of the company’s statutory bodies.

The Bucharest press has published information concerning the takeover of a significant package of shares from Canada’s Sterling Resources. The company is engaged in two leased offshore oil fields that it has been exploiting since 2007.

 

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