Holding(s) in Company
June 15 2010 - 5:37AM
UK Regulatory
TIDMCOP
RNS Number : 6374N
Circle Oil PLC
15 June 2010
15 June 2010
CIRCLE OIL PLC
("Circle" or the "Company")
Holding(s) in Company
Circle has been informed as of 14 June 2010, that Mr. Eskander Maleki no longer
has a notifiable interest in the issued share capital of the Company.
For further information contact:
Circle Oil Plc (+44 20 7638 9571)
Professor Chris Green, Interim CEO
Brendan McMorrow, CFO
Evolution Securities (+44 20 7071 4300)
Rob Collins
Chris Sim
Neil Elliot
Fox-Davies Capital (+44 20 7936 5230)
Daniel Fox-Davies
Citigate Dewe Rogerson (+44 20 7638 9571)
Martin Jackson / George Cazenove
Murray Consultants (+353 1 498 0300)
Joe Murray / Joe Heron
Notes to Editors
Circle Oil Plc
Circle Oil Plc (AIM: COP) is an international oil & gas exploration, development
and production Company with an expanding portfolio of assets in Morocco,
Tunisia, Oman, Egypt and Namibia with a combination of low-risk near-term
production and significant exploration upside potential. The Company listed on
AIM in October 2004.
Internationally, the Company has continued to expand its portfolio over the past
2 years and now has assets in the Rharb Basin, Morocco; the Ras Marmour Permit
in southern Tunisia; the Mahdia Permit offshore Tunisia; the Grombalia Permit in
northern Tunisia; the Zeit Bay area of Egypt and the Owambo Basin, Namibia.
Circle also has the largest licence holding of any Company in Oman. In addition
to its highly prospective Block 52 offshore, the Company also has an ongoing
exploration program in Block 49 onshore.
The Company's strategy is to locate and secure additional licenses 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 itself 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
The company news service from the London Stock Exchange
END
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