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.

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.

RNS out today on Oman, block next door to Shell production area, more news possible on Morocco before the AGM next week.

I think this have bottom out??

I think this have bottom out??

heard news leak from COP and its good news

What kind of good news?

This sort of news in the same area as COP:

http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article1643808.ece

These have almost doubled in the last two weeks,i only have a few of these,was very tempted to top up but somewhat nervous,chp,goo,

Any thoughts on cop @these levels would be most welcome.

Good for 25-30p in the near term IMHO. TheMaster would appear to have their ear to the ground ;0)