AGM Result (9858N)
September 09 2011 - 9:04AM
UK Regulatory
TIDMCOP
RNS Number : 9858N
Circle Oil PLC
09 September 2011
9 September 2011
Circle Oil Plc
("Circle" or the "Company")
Annual General Meeting: All Resolutions Passed
Circle Oil Plc (AIM: COP) the international oil and gas
exploration, development and production company announces that at
the Company's Annual General Meeting held today at 12.00 noon, all
the resolutions put to the meeting were passed.
A copy of the AGM presentation will be made available on the
Company website.
For further information contact:
Circle Oil Plc (+44 20 7638 9571) Brendan McMorrow, CFO
Evolution Securities (+44 20 7071 4300) Chris Sim Neil
Elliot
Fox-Davies Capital (+44 20 7936 5230) Daniel Fox-Davies
Richard Hail
Citigate Dewe Rogerson (+44 20 7638 9571) Martin Jackson Kate
Lehane
Murray Consultants (+353 1 498 0320) Joe Murray Joe Heron
Notes to Editors
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 and Egypt 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 two 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 and the Zeit Bay area of Egypt. Circle also has the largest
licence holding of any company in Oman. In addition to its
prospective Block 52 offshore, Circle also 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 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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