Circle Oil PLC Director/PDMR Share Purchase (0541D)
March 25 2014 - 2:01AM
UK Regulatory
TIDMCOP
RNS Number : 0541D
Circle Oil PLC
25 March 2014
25 March 2014
CIRCLE OIL PLC
("Circle" or the "Company")
Director/PDMR Share Purchase
Circle Oil Plc (AIM: COP), the international oil and gas
exploration, development and production company, was notified on 24
March 2014 that the following Directors and Persons Discharging
Managerial Responsibility ( "PDMR") have purchased a total of
686,177 ordinary shares in the capital of the Company. Details
concerning the purchases are set out below:
Name Position Ordinary Average Price Total holding % of Issued
Shares Purchased Paid per following Share Capital
Ordinary the purchase
Share
------------- --------------- ------------------ -------------- -------------- ---------------
Stephen
Jenkins Chairman 421,177 24.40p 421,177 0.07
------------- --------------- ------------------ -------------- -------------- ---------------
Prof. Chris
Green CEO 50,000 24.30p 50,000 0.01
------------- --------------- ------------------ -------------- -------------- ---------------
Nicholas Non-Executive
Clayton Director 105,000 23.76p 325,000 0.06
------------- --------------- ------------------ -------------- -------------- ---------------
Dr. Keith Non-Executive
Morris Director 60,000 24.30p 60,000 0.01
------------- --------------- ------------------ -------------- -------------- ---------------
Brendan
McMorrow CFO 50,000 24.22p 50,000 0.01
------------- --------------- ------------------ -------------- -------------- ---------------
For further information contact:
Circle Oil Plc
Professor Chris Green,
CEO
Brendan McMorrow, CFO (+44 20 7638 9571)
Investec
Chris Sim
George Price
James Rudd (+44 20 7597 5970)
Liberum Capital Limited
Simon Atkinson (+44 20 3100 2222)
Citigate Dewe Rogerson
Martin Jackson
Shabnam Bashir (+44 20 7638 9571)
Murray Consultants
Joe Murray
Joe Heron (+353 1 498 0300)
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 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 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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