Circle Oil PLC Notification of Shareholding (9946D)
03 April 2014 - 11:14PM
UK Regulatory
TIDMCOP
RNS Number : 9946D
Circle Oil PLC
03 April 2014
3 April 2014
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
Norges Bank Investment Management confirmed on 2 April 2014 that as
at 1 April 2014, it had an aggregate interest in 17,954,130
ordinary shares of Euro 0.01 each in the Company, representing
3.19% of the Company's issued share capital.
For further information contact:
Circle Oil Plc (+44 20 7638 9571)
Professor Chris Green, CEO
Brendan McMorrow, CFO
Investec (+44 20 7597 5970)
Chris Sim
George Price
James Rudd
Liberum Capital Limited (+44 20 3100 2222)
Simon Atkinson
Citigate Dewe Rogerson (+44 20 7638 9571)
Martin Jackson
Shabnam Bashir
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 number of 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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