Circle Oil PLC Adviser Change (9307I)
31 March 2015 - 8:00PM
UK Regulatory
TIDMCOP
RNS Number : 9307I
Circle Oil PLC
31 March 2015
31 March 2015
Circle Oil Plc
("Circle" or the "Company")
Adviser Update
Circle Oil Plc (AIM: COP), the Middle East and North Africa
focused oil and gas exploration, development and production
company, wishes to announce that from 1 April 2015, Investec Bank
plc ("Investec") will be the Company's sole corporate broker.
Investec also acts as the Company's Nominated Adviser.
For further information contact:
Circle Oil Plc (+44 20 7638 9571)
Steve Jenkins, Chairman
Investec (+44 20 7597 5970)
Chris Sim
George Price
James Rudd
Citigate Dewe Rogerson (+44 20 7638 9571)
Martin Jackson
Shabnam Bashir
Murray Consultants (+353 1 498 0300)
Joe Heron
Pat Walsh
Notes to Editors
Circle Oil Plc (AIM: COP) is an international oil & gas
exploration, development and production company holding a portfolio
of assets in Morocco, Tunisia, Oman, and Egypt with a combination
of producing assets, low-risk, near-term production opportunities,
and significant upside exploration 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 licensed acreage of any company in
Oman.
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 opt to use its own
expertise to appraise reserves and bring assets into production.
Through either route the objective would be generation of 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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