“Midia Resources has obtained approval from the National Agency for Mineral Resources for an interest in the 1,000 square kilometer Romanian Black Sea concession Block 27 (Muridava),” Sterling said in a news release.
The block’s current concession holders, Melrose Resources Romania BV and Petromar Resources SA, will hold 40% and 20% respectively.
Sterling already holds the lease on two Black Sea blocks, namely Midia and Pelican. The company is active in the UK, the Netherlands and France.