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Circle Oil PLC (COP)

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Tuesday 26 May, 2015

Circle Oil PLC

Notice of Results

RNS Number : 1640O
Circle Oil PLC
26 May 2015
 



 

 

 

26 May 2015

Circle Oil Plc

("Circle" or the "Company")

Notice of Results

 

Circle Oil Plc (AIM: COP), the Middle East and North Africa focused oil and gas exploration, development and production company, announces it will publish its final results for the 12 months ended 31 December 2014 on 1 June 2015.

For further information contact:

Circle Oil Plc (+44 20 7638 9571)

Steve Jenkins, Chairman

 

Investec (+44 20 7597 5970)
Chris Sim
George Price

James Rudd

Citigate Dewe Rogerson (+44 20 7638 9571)
Martin Jackson
Shabnam Bashir

Murray Consultants (+353 1 498 0320)
Joe Heron

Pat Walsh

 



 

Notes to Editors

Circle Oil Plc (AIM: COP) is an international oil & gas exploration, development and production Company holding a portfolio of assets in Morocco, Tunisia, Oman, and Egypt with a combination of low-risk, near-term production, and significant upside exploration potential. The Company listed on AIM in October 2004.

Internationally, the Company has continued to expand its portfolio over the past years and now has assets in the Rharb Basin, Morocco; the Ras Marmour Permit in southern Tunisia; the Mahdia Permit offshore Tunisia, and the Zeit Bay area of Egypt. Circle also has the largest licensed acreage of any company in Oman. In addition to its prospective Block 52 offshore, Circle has an ongoing exploration programme in Block 49 onshore.

Circle's strategy is to locate and secure additional licences in prospective hydrocarbon provinces and, through targeted investment programmes, monetise the value in those assets for the benefit of shareholders. This could be achieved through farm-outs to selected partners who would then invest in and continue the development of the asset into production, or Circle may opt to use its own expertise to appraise reserves and bring assets into production, generating sustained cash flow for further investment.

Further information on Circle is available on its website at www.circleoil.net.

 


This information is provided by RNS
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