SGER Sterling Energy Resource Inc (CE)

Sterling Energy Resources, Inc. (Pink Sheets:SGER), an oil and natural gas exploration and production company headquartered in Overland Park, Kansas, announced today that it is conducting a tender offer through the mail to purchase up to 1,000,000 shares of its outstanding common stock for a purchase price of $0.50 per share on a "first-come-first-served" basis. Accordingly, the first 1,000,000 shares tendered for purchase by Sterling Energy Resources, Inc. from its shareholders will be accepted for redemption and cancellation, and those shareholders will receive $0.50 per share payable in cash in accordance with the terms of the tender offer. Any other shares tendered by shareholders for repurchase by Sterling Energy Resources, Inc. will be returned to the shareholders. The tender offer commenced on June 6, 2006 and will terminate on June 30, 2006 at 5:00 PM Pacific Daylight Savings Time, unless extended by Sterling Energy Resources, Inc. for up to an additional 30 days.