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.

Circle Oil Share price has moved up apace over the last few weeks I am not complaining as most of the members at shareclubuk.co.uk are making a profit. I have read the market news on the company and feel that there must be an underlying reason why the hike has taken place. Any one in the know? please advise us at the club.

Heard that company expects big oil field in Oman, which borders the Shell block, should get conformation RNS tomorrow. Remember the instutions paid 32p for these shares over year ago and they want profit now.

new money, ready for expansion,sp already up.
good luck everyone!!!!

24th October 2007 Meeting of shareclubuk.co.uk investor - members on Circle Oil plc. Club notes true facts..

27th September 2007.
Mr Thomas Anderson, Chairman of Circle Oil, said:
It has been a very busy period for the Group and the workload is rapidly expanding with the start of drilling in Tunisia and seismic operations in Morocco and I look forward to reporting on the results of these programmes in due course.

1st October 2007.
The Company has been advised that Mr John P McKeon, a director of the Company, purchased on Friday 28 September, 1,200,000 ordinary shares at 25.25 pence per share representing 0.74% of the Companys issued capital.

Following this transaction, Mr McKeon has a beneficial interest in approximately 9.5% of the Companys issued share capital.

Club notes: We were pleased to read of the purchase of additional shares by Mr. John McKeon, a director of the company. The 27th September announcement to the reporting of the results of the drilling programme is now a key factor. The club can report a proven 25% profit to date on the investment which is down on the last weeks trading.

Anyone know why this is strengthening and if it is worth a punt?

Sharesure it would have been worth a punt when the sp was hovering @10p.

I had a small dabble @12 and sold at 16.

Circle Oil shares have been trading well over the last few weeks. I would be most interested to here from anyone who is trading any COP shares, please advise by e.mail to colin.wakeham@shareclubuk.co.uk. many thanks.

its took six months but it could just be about to pay off

All cash share offer!!!!

Good news out today from Libya (oil find) & Iraq (oil Law)

what's the news

any reasson for the sudden steady rise in the sp in the last week or so

This is one that not many people follow, but now has production of over 7000 barrels of oil per day......and much more to come.....underestimated company this one !.

http://www.advfn.com/p.php?pid=nmona&cb=1265008026&article=41331286&symbol=L^COP

dont forget hooked up at geyhad2 and production started apparently - next announcement expected - this must go north today imo fd target this year 72p - http://www.fox-davies.com/media/111528/fdccircle15january2010.pdf gla

Tipped in IC this week as a BUY
"With better cash flow outlook and a healthy drilling program - two exploration wells are also planned in Tunisia in H2 - COP's shares could claw back some of their lost value. Indeed, add in risked assets and exploration prospects and Peel Hunt estimates NAV at as much as 83p p/s."

Circle Oil Plc (AIM: COP), the international oil and gas exploration, development and production company, is pleased to announce the following update regarding the Al Amir SE Field ("AASE") and the Geyad field.

Geyad-6 Well
Infill producer well Geyad-6 was spudded on 10 September 2012 and is located in the south central part of the Geyad field, east-north-east and updip of the Geyad-5 injector. The well's objective was to appraise both the Shagar and Rahmi sands for production in that location. The well reached a TD of 6,200 ft MD before being sidetracked to the north-east, for geological reasons, as Geyad-6 ST1 and was then successfully drilled to a total depth of 6,350 ft MD into the Upper Rudeis. The well encountered 7 ft of net pay in the Kareem Shagar sand and the well has been completed as a Shagar sand producer. The well was perforated in the interval 5,996-6,006 ft MD and flowed oil and gas on test at an average rate of 1,559 bopd and 1.346 MMscf/d respectively, on a 24/64" choke. The well has now been placed on production at an initial flow rate of 913 bopd using an 18/64" choke.

Al Amir SE 13 Well
Following the successful completion of the Geyad-6 ST1 well, the rig has been mobilised to drill the infill production well AASE-13 in the west central part of the AASE field, located between AASE-4 and AASE-11 ST and updip of water injector AASE-7 ST.

Geyad 1X ST Well Work Over
This well is being re-completed as a producer in both Shagar and Rahmi sands. The total oil production from this discovery well in the Geyad field is 764,000 BO. Following re-perforation of these intervals comingled production will be flowed through a new completion string.

Operating Update Tunisia

Circle Oil Plc (AIM: COP) is pleased to announce the following update regarding operations in its Grombalia Permit.

The Bou Argoub-1 (BAB-1) exploration well in the South West Belli area of the Grombalia Permit, near to the Belli, El Manzah, and Beni Khaled fields has spudded and commenced drilling on 30 October 2012.

The BAB-1 well has an expected total depth of 1,350 metres and is targeting a fault-bounded structural culmination crossing two vertically stacked fractured carbonate reservoirs, the Eocene Bou Dabbous Formation and the Late Cretaceous Abiod Formation. These are the main oil-producing formations in the north-eastern part of Tunisia.

Following completion of the BAB-1 well, the rig will move south to the Ras Marmour Permit in preparation to drill the Sedouikch commitment exploration well. This well has an expected total depth of 2,350metres and is targeting the Early Cretaceous Lower Meloussi sands, productive in the nearby Robanna and Mazrane Fields.

Further updates will be made in due course.

The shares trade at a discount to the estimated value of the firms producing assets.
According to house broker Investec the company fields in Egypt and Morocco underpin a net asset value per share of 27p well above the sp today. A result is expected early Dec for the Bon Argoub-1 well in North- Eastern Tunisia, which drilling commenced on the 30 Oct. If a successful outcome it could de-risk a further 136 million barrels of oil on the wider Grombalia block.

StockMarketWire.com
Circle Oil is delighted with results from the infill producer well AASE-13 on the Al Amir SE field in Egypt.

The was spudded on 14 October and is located in the north central part of the AASE field, between AASE-4 and AASE-11 ST and updip of water injector AASE-7 ST.

The well's objective was to appraise both the Shagar and Rahmi sands for production in that location. The well reached a TD of 10,350 ft MD in the Upper Rudeis.

The well encountered the Kareem Shagar sand from 9,894.5 to 9,930ft ft MD with 20 ft of net pay and the Kareem Rahmi sand from 9,974.5 to 10,027.5 ft MD with 29 ft of net pay.

The well was perforated in the interval 9,895 to 9,908 ft MD and completed as a Shagar sand producer. The well flowed oil and gas on test on 30 November at an average rate of 1,600 barrels of oil per day and 1.3 MMscf/d respectively, on a 32/64-inch choke.

The well is now producing following completion of testing at an initial rate of 873 bopd and 0.836 MMscf/d on a 24/64-inch choke.

Circle says that following the successful completion of the AASE-13 well, the rig has been mobilised to drill the infill production well AASE-14 in the central part of the AASE field, located between the AASE-1 and AASE-12 ST production wells.

Circle says the Geyad 2X ST well is being re-completed as a producer in the Rahmi sands. The total oil production to date from this discovery well in the Geyad field is 210,000 BO.

Following perforation of the Rahmi sands interval between 6,565 ft and 6,595 ft MD, production will flow through a new completion string.

Circle says that currently production from the AASE, Geyad and Al Ola fields is approximately 9,840 bopd (gross). Cumulative production from the NW Gemsa Concession has now exceeded 9.8 million barrels of 42 degree API Crude oil and water injection has now reached a cumulative injection of approximately 7.2 million barrels.

The NW Gemsa Concession, containing the Al Amir, Geyad and Al Ola Development Leases, covering an area of over 260 square kilometres, lies approximately 300 kilometres south-east of Cairo in a partially unexplored area of the Gulf of Suez Basin.

In the event of commercial discoveries, the concession agreement includes the right of conversion to a production licence of 20 years plus extensions. The NW Gemsa Concession partners include: Vegas Oil and Gas (50% interest and operator); Circle Oil Plc (40% interest) and Sea Dragon Energy (10% interest).

Working Capital Facility - US$12.5 Million

Circle Oil Plc (AIM: COP), is pleased to announce that it has agreed a US$12.5 million (the "Principal Sum") secured working capital facility (the "Facility") with Ahli United Bank Egypt ("AUBE"). The Facility will be used to fund ongoing expenditures in respect of Circle's 40% interest in the North West Gemsa Concession ("NWG") in Egypt enabling Circle to use its available cash balances for alternative projects.

The Facility has a term of two years and is secured primarily on certain of Circle's receivables from the Egyptian General Petroleum Company ("EGPC") to which it sells its production from NWG. The Facility attracts interest at a rate of LIBOR plus 4.25 per cent. Under the terms of the Facility, Circle has the right to drawdown up to the Principal Sum to fund on-going expenditures in NWG, and at its option, may pre-pay any outstanding amount with accrued interest, subject to minimum repayment amounts of US$1 million.

Circle currently has cash balances of US$20.50 million.