http://uk.reuters.com/article/idUKSGE68J0AA20100920?rpc=401&feedType=RSS&feedName=smallCapsNews&rpc=401

Oil and gas explorer Sterling Energy (SEY.L) said on Monday initial testing of shallower zones at its key well in Kurdistan proved disappointing, sending its shares down to their lowest in nearly a year and a half.

Company says it found water flowing at 750 barrels per day at the Sangaw North 1 exploration well, after it initially encountered gas flowing at a rate of 1 million standard cubic feet per day (mmscfd).


Anyone buying the falling knife?

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