Production
In 2007, annual production averaged 5,760 barrels of oil equivalent per day, an improvement of 31% over 2006.
Reserves
Sterling reported a significant increase in the Company’s oil and gas reserves as a result of the Whittier acquisition. Total reserves have increased from the equivalent of 12.9 million barrels of oil entitlement in 2006 to 21.3 million barrels of oil equivalent at the end of 2007.