Bucharest / London: Global alternative asset manager, The Carlyle Group (NASDAQ: CG), has agreed to acquire Midia Resources SRL, which is the entire Romanian business of Sterling Resources Ltd. (TSX-V: SLG). The acquisition includes license blocks 13 Pelican, 15 Midia, 25 Luceafarul and 27 Muridava, and will be structured as a corporate acquisition of Sterling’s wholly-owned subsidiary Midia Resources SRL. These assets, located in the Romanian Black Sea, contain a number of significant gas discoveries and have net 2C Resources of 51mmboe and net Prospective Resources of 375mmboe1.
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