Circle Oil PLC Appointment of Joint Brokers (8487G)
04 July 2012 - 4:00PM
UK Regulatory
TIDMCOP
RNS Number : 8487G
Circle Oil PLC
04 July 2012
4 July 2012
Circle Oil Plc
("Circle" or the "Company")
Change of Name of Nominated Adviser and appointment of Joint
Brokers
Circle Oil plc (AIM: COP) announces that, following the
acquisition of the Evolution Group plc by Investec plc, it has
appointed Investec Bank plc ("Investec") as Nominated Adviser and
Joint Broker.
In addition, the Company is pleased to announce the appointment
of Liberum Capital Limited as Joint Broker.
Both appointments are made with immediate effect.
For further information contact:
Circle Oil Plc (+44 20 7638 9571)
Professor Chris Green, CEO
Investec (+44 20 7597 5970)
Chris Sim
Neil Elliot
Liberum Capital Limited (+44 20 3100 2222)
Simon Atkinson
Fergus Marcroft
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 NW Gemsa Concession in 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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