CALGARY, Dec. 22, 2014 /CNW/ - Sterling Resources Ltd.
(TSX-V: SLG) ("Sterling" or the "Company") is pleased to announce
that Eleanor J. Barker has been
appointed to Sterling's Board of Directors, effective December 22, 2014.
Ms. Barker is a highly respected international oil and gas
analyst with over 28 years of capital markets experience and seven
years of integrated oil corporate experience with Imperial Oil
Limited and Gulf Canada. In her career she held senior roles with a
number of investment banking firms including Gordon Capital where
she was a Director. Since 1996, Ms. Barker has focused on
international oil and gas research and currently she is President
of Barker Oil Strategies Inc. She has extensive voluntary board
experience including former Director of the US National Association
of Petroleum Investment Analysts and former President of the
Canadian Association of Petroleum Investment Analysts. Ms.
Barker holds an Honours B.Sc. (Chemistry) from Queen's University
and an MBA from the University of Western
Ontario.
"We welcome Eleanor to the Board and we look forward to her
advice and counsel as Sterling continues to move forward on its key
asset and corporate initiatives. Her experience will also
strengthen the Board's ability to provide guidance to management,"
stated Jim Coleman, Chair of the
Board of Sterling Resources.
Sterling is a Canadian-listed international oil and gas company
headquartered in Calgary, Alberta
with assets in the United Kingdom,
Romania, France and the
Netherlands. The common shares are listed and posted for
trading on the Toronto Stock Exchange Venture (TSX-V) under the
symbol "SLG".
Neither the TSX-V nor its Regulation Services Provider (as that
term is defined in the policies of the TSX-V) accepts
responsibility for the adequacy or accuracy of this release.
Filer Profile No.
00002072
Forward-Looking Statements
All statements included in this news release that address
activities, events or developments that Sterling expects, believes
or anticipates will or may occur in the future are forward-looking
statements. In addition, statements relating to expected
production, reserves or resources are deemed to be forward-looking
statements as they involve the implied assessment, based on certain
estimates and assumptions that the reserves and resources described
can be profitably produced in the future.
These forward-looking statements involve numerous assumptions
made by Sterling based on its experience, perception of historical
trends, current conditions, expected future developments and other
factors it believes are appropriate in the circumstances. In
addition, these statements involve substantial known and unknown
risks and uncertainties that contribute to the possibility that the
predictions, forecasts, projections and other-forward looking
statements will prove inaccurate, certain of which are beyond
Sterling's control, including: the impact of general economic
conditions in the areas in which Sterling operates, civil unrest,
industry conditions, changes in laws and regulations including the
adoption of new environmental laws and regulations and changes in
how they are interpreted and enforced, increased competition, the
lack of availability of qualified personnel or management,
fluctuations in commodity prices, foreign exchange or interest
rates, stock market volatility and obtaining required approvals of
regulatory authorities. In addition there are risks and
uncertainties associated with oil and gas operations. Readers
should also carefully consider the matters discussed under the
heading "Risk Factors" in the Company's Annual Information
Form.
Undue reliance should not be placed on these forward-looking
statements, as there can be no assurance that the plans, intentions
or expectations upon which they are based will occur.
Sterling's actual results, performance or achievements could differ
materially from those expressed in, or implied by, these
forward-looking statements. These statements speak only as of
the date of the news release. Sterling does not intend and does not
assume any obligation to update these forward-looking statements
except as required by law.
Financial outlook information contained in this news release
about prospective results of operations, financial position or cash
flows is based on assumptions about future events, including
economic conditions and proposed courses of action, based on
management's assessment of the relevant information currently
available. Readers are cautioned that such financial outlook
information contained in this news release should not be used for
purposes other than for which it is disclosed herein.
SOURCE Sterling Resources Ltd.