THIS NEWS WILL CERTAINLY MAKE THE SHARES INCREASE WHEN IT IS ANNOUNCED.


In March 2003, First African Oil Corporation, a wholly owned subsidiary of
Circle signed a two year exclusive reconnaissance licence with the Government
of Namibia covering approximately 146,000 km2, an area more than half the size
of the UK. The Licence is one of the largest in Africa and the Namibian
Government holds a 10% carried interest. Within this concession area, and with
the benefit of a valuable dataset of previously acquired technical information,
Circle believes there is potential to produce significant quantities of
valuable hydrocarbons. An aerogravity survey was carried out during the summer
at a cost of 415,000 and initial results of the survey are very encouraging.
The final report on this programme is due within the next few weeks.

jamee, I thought they were roll overs of a trade that appeared a few weeks back; someone on ADFVN reckoned that they were institutional swaps between funds. Just wouldn't want to see that size of trade dumped on the market without it coinciding with a stunning RNS!

sharesure, will al this spec of an iraq deal ever going to materialise? I wonder what ur views are on GLA? And which other stocks ur in, other than CHP, which is prob. abit to late for some1 wantin to make a little bit

jamee
Have a look at GOO not a ramp just thought you may be interested.

thanks Driver, I will do

I still keep hearing from an Irish source that COP have done all they are required to do with their Kurdistan applications and that they await sign-off. Since other companies are getting their sign-offs, eg Sterling Oil yesterday, it shouldn't be too much to expect that the areas COP has gone for should also get sign-off shortly? Not intended as a ramp - I halved my holding a while ago and decided to let the rest run, purely out of curiosity and as a source of emergency funds should the need arise.

Sharesure,

I might be able to help regarding the "institutional swaps between funds" (your post #174) if you're interested. Did the term "portfolio trade" or similar come up?

Dartmoor,

Good points. I'm watching and waiting. I have enough irons in the fire at present and it's really a case of picking a good time to top-slice and re-invest in other good prospects.

Best of luck to all, etc.

Today this is looking perky while most other stocks are still sinking. Any views?

Results due out this week, with the northern Iraq contract news?

For what it may or may not be worth, John McKeon is currently in the Middle-East for just over a week; whether that means he's signing anything remains to be seen; we seem to have been here too many times before, although the strength in the sp looks very suspicious given how other resource sector stocks are faring.

Heard from a reliable source, that a director (DH) is due back from the middle east next week, with Iraq contract signed.

TheMaster, are you the Phurley from the other board, I hope you are correct have held these a while now, although not as long as some I suspect.

Can you give us any further details, in particular when we may get an announcement and is it Iraq or Oman.

Many thanks.

No I do not post on any other boards. I phoned the company and they told me that the results would be released the 1st Friday in June, complete with an operation update.

Has anyone heard any reliable information on COP? - seems to be very strong - both Friday,26/5 and now this morning.

Todays Mail on Sunday says that Circle will announce next week a deal in Morocco to exploit a major potential gas field in the Rharb basin in the West of the Country.

269sq km area, and in an area with existing pipeline infrastructure.

Good news at last!!??!!

I lost patience with COP about 6 months ago, but this could be time to get back on board........

Exploiting a potential field and drilling with success are a long way apart

News will break today on test drilling now under way in Morocco.

I'm so glad I didn't go and sit outside the COP offices waiting for the announcement . . . . :o)

Whenever I look at this company it always seems to have years of seismic ahead of it. Still not much to get excited about until they have a drilling programme up and running, IMO, but PDYOR.

Looks like we have to wait to Tuesday for the RNS

Published: August 25 2006

'Circle Oil, which has interests in Morocco, Namibia, Oman and Panama, rose 6.3 per cent to 25p amid talk that the Moroccan government had ratified its exploration licence for a gas concession in the Rharb Basin and that test drilling had commenced.'

http://www.ft.com/cms/s/d66f68d4-33d5-11db-981f-0000779e2340.html

From todays Daily Express,
Circle Oil,the subject of rumoured stakebuilding by a multinational oil giant,firmed 2.75 to 29p as gossips reckoned a major deal was in the pipeline.