Notification of Shareholding (9882B)
25 April 2012 - 2:19AM
UK Regulatory
TIDMCOP TIDMJPM
RNS Number : 9882B
Circle Oil PLC
24 April 2012
24 April 2012
CIRCLE OIL PLC
("Circle" or the "Company")
Notification of Shareholding
Circle Oil Plc (AIM: COP), the international oil and gas
exploration, development and production company, announces that it
was informed today that as at 23 April 2012, JP Morgan Chase &
Co had an aggregate interest in 19,984,783 ordinary shares of
EUR0.01 each in the Company, representing 3.55% of the issued share
capital.
For further information contact:
Circle Oil Plc (+44 20 7638 9571)
Professor Chris Green CEO
Investec Investment Banking (+44 20 7071 4300)
Chris Sim
Neil Elliot
Fox-Davies Capital (+44 20 3463 5010)
Daniel Fox-Davies
Richard Hail
Citigate Dewe Rogerson (+44 20 7638 9571)
Martin Jackson
Kate Lehane
Murray Consultants (+353 1 498 0300)
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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