Cameroon: Sterling reaffirms Ntem claim


Issue 313 - 04 Dec 2015 | 1 minute read

The UK’s Sterling Energy has expressed concern that Société Nationale des Hydrocarbures (SNH) is listing the Ntem Block as open. AIM-listed Sterling is in dispute with SNH over the block, where the company declared force majeure in May 2014 due to overlapping border claims by Cameroon and Equatorial Guinea. Sterling’s former partner Murphy Oil drilled the unsuccessful Bamboo well in an undisputed area of the licence in 2014 and withdrew in February this year. “Sterling is disappointed that SNH and the Ministry have decided to try to promote the Ntem concession as available to the market,” said chief executive Eskil Jersing.

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Pin Cameroon, Equatorial Guinea

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