Gulf Coast partners with Sterling

Dallas-based Gulf Coast Western has agreed to participate with Sterling Energy, Inc. on an offshore side track in the Gulf of Mexico approximately 10 miles east of Corpus Christi, Texas.

Sterling Energy acquired a well in 2004 originally drilled by Unocal in 2001 that came in at 12,000 MCFPD and produced 5.5 BCF when they encountered mechanical problems while attempting to open additional productive zones and lost the well.

Sterling Energy has reprocessed all the geological and production data on the well and they have determined that re-drilling a sidetrack could yield an additional 39.2 BCF of remaining reserves. The re-drill is scheduled for April 11, 2008.