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.

Hi, Eddie.

I've been on website, as you suggested, above. But ShareScope charges for software CD's! I am definately a novice when it comes to chart reading but notice that your 19p. was bought around the cross-over of the red and blue lines on the upward paths - obviously no coincidence!

How do you interpret the graphs now, Eddie? What do they indicate to you? You mention Candle resistance - what is this, pressure from potential likely sellers?

Do you have a selling target already set in your mind?

Cheers,

Kus.

Hi Kus

The demonstration version is definatly free. (the big flashing arrows) Down load demo will allow you to get the software. Yes I bought as the 10 day moving average started to move up through the 20 DMA. As you can see the candles started to be on top of the 10 DMA. This is a short term indicator. So you would have to decide if you want to keep giong in & out of the share or hold. I'm going to hold for now. You should be looking out for news either good or bad. This is usualy reflects in the candles. A book called beyond candles is available from the book shop on moneyam. I have found this very usefull when looking at the candles. I would say, if your prepared to invest then invest in your own company first. Get sharescope it will help you with your choice of stock.

Regards

Eddie

Thanks for this, Eddie. Very interesting.

For what it's worth, I agree with the results of your analysis although for different (non-theoretical) reasons! Personally I think the next announcement will be positive - but it's just a matter of degrees and how much of this has already been factored into the sp? The longer we wait, the more likely there will be up & down curves with some degree of profit taking - and maybe even a downward correction if it goes beyond mid Feb. However 35p+ in the short term is my prediction. I think this is achievable reading between the lines.

Are you a day trader or is this one just balancing out the portfolio?

Managed to find the flashing arrow, Eddie! Are you a "Gold", "Plus" or "Pro" member? It appears expensive! Is this ALL you use to aid your decision-making?

Hi kus

No I'm not a day trader. But that's not to say I couldn't be. Its what ever system suits you best. If you have a reasonable amount of money you may be able to day trade. I would not invest, day trade without a good system, I know I was that man! I couldn't see without a chart, that the stock I chose had took a big dive. So be carefull.


Regards

Eddie

Hi kus

Gold. Don't subscribe untill you try it. See if it is for you.

Regards

Eddie

Hi Kus

How have you gone on ?

Yes oil is looking good, as you can see lots of news for DES. We are waiting for DES to announce farm out partners. The stock is likley to rocket. But as always keep your eye on the news.


Regrds

Eddie

Ordered the 'Gold' CD, Eddie. Thanks. (I don't like downloading anything.)

My mate and friends have held Desire Petroleum for many years (Syndicate) and they are excited right now! By "rocket", what do you mean? If COP manage to lure "farm out partners" [highly probable, IMHO) then what do you/your software/graphs predict can be reasonably expected for the sp?

Do you have any concerns over "bad press" on the other BB's around?

K.

COP now up to 33p!!!!! What's your target, Eddie?

Hi Kus

I put a line on the resistance at 0.306p. COP has gone through this without to much trouble. 0.306 should now become the new support for the short term. There could be pull backs but they should be regarded as buying opertunities. COP is up by 9.84% since yesterday & up by 21.82% since 10 days ago. But if the news from the Namibian negotiation does not go well, COP may well drop. Target for short to medium term is 0.50p.

Regards

Eddie

Personally (Just IMHO!) I think there is more to COP than this Namibian negotiation. Looking at the geographical spread of the whole Operation and reading between the lines, I think they have many irons in many fires. I didn't buy merely because of the Nam Gov link but for reasons like who the key players are and their experience and contacts across the Globe. Even if Nam fails they have enough funds to look elsewhere for major JV partners.

The sp has already surpassed my initial target sell price and so I'm breaking all my own rules in holding on for a while longer!

I received the software disc today so please email me privately when you get the chance. I want try a few dummie runs before I start doing what you so!

Regards,

Kus.

Personally (Just IMHO!) I think there is more to COP than this Namibian negotiation. Looking at the geographical spread of the whole Operation and reading between the lines, I think they have many irons in many fires. I didn't buy merely because of the Nam Gov link but for reasons like who the key players are and their experience and contacts across the Globe. Even if Nam fails they have enough funds to look elsewhere for major JV partners.

The sp has already surpassed my initial target sell price and so I'm breaking all my own rules in holding on for a while longer!

I received the software disc today so please email me privately when you get the chance. I want try a few dummie runs before I start doing what you do!

Regards,

Kus.

Up by 13% already today! and rising..... Wonder what's goin on?

Hi Kus

Yes COP is looking good again today another good rise.





Good Luck

Eddie

Since COP's spread narrowed severely towards close of day yet the bid (sell) price remained constant (at 36p) throughout, I think the stock is becoming a lot more liquid. There is definately something happening behind the scenes but what, when and where does it all end, who knows?

It's CONTINUAL rise is relentless. Huge transactions taking place yet the sp still rises. MM's soaking up stock without any sweat!

Any ideas, anyone?

The IRS Report
15th January 2005

Virtuous Circle could become a ten-bagger with oilex success
by James Morton

In November 2001 I first met the management of First Calgary. Without wishing to impugn management, the company had little going for it at that time. It had no revenues, was losing about C$1m a year, and had precious little cash. The market capitalisation at the time was only C$20m. But it had somehow acquired a couple of really interesting Algerian concessions in an area known for oil and gas. With some trepidation I bought shares at 60 cents. In early 2003 the company having unveiled interesting seismic results had a blip during drilling, so I bailed out just shy of C$3 per share, making nearly 500% and thinking what a marvellous investment.

But now I do not look so clever as the share price is C$18 and the market cap over C$3bn. This could be my next big winner Ever since I have been searching for another First Calgary. Possibly, just possibly, I may have stumbled across a candidate that could enliven your 2005 portfolio.

If, like me, you believe that short-term gyrations aside, the long-term trend in the oil price will be upward because demand is going to rise remorselessly as more and more consumers especially in China and India increase their usage, then you want to own oil and gas stocks.

The bigger international names should be safer, though as we found out with Shell not everything is as it appears, even in supposedly blue chip companies. So you might as well look at the riskier end of the spectrum where if things go right rewards are going to be substantial. Who would not like to find the next Cairn?

Newcomer on AIM

Circle Oil is a relatively recent arrival on AIM as of October 2004. The current 28p values the company at 34m. Like First Calgary 3 years ago, Circle has little going for it on the surface.

The financials do not inspire confidence there are no revenues and a relatively short history, while money raised on listing will soon be expended on licence fees and exploration commitments. But like First Calgary this tiny company has managed to latch on to what looks like particularly interesting acreage, this time in Namibia.

It secured a two-year exclusive reconnaissance licence covering 146,000 square kilometres with Namcor, the national oil company, retaining a 10% carried interest. Circle will carry out exploration activities and testing in two main areas. Firstly on the shore in the southern part of the country adjacent to blocks held by Hunt Oil. There is an enormous amount of activity offshore along the African coast, mostly further north, but Circles area can be considered prospective.


Close to known Angolan reserves

The other concentration will be in the north, on the Angolan border. There is a fair amount of oil just across the frontier and it would be surprising if nothing were found on the Namibian side. Limited drilling history means most acreage is virgin territory and so is speculative. But preliminary work in the Oponono Structure carried out by previous operator Occidental in 1993 suggested there might be a significant reserve with potential recoverable oil resources ranging from 46 to 295 million barrels. Even the bottom of this range puts the company on a valuation of only US$1.35 per barrel while at the upper end it falls to a mere 17 cents. A price of US$2 per barrel would not be expensive.And Oponono is only one part of one block. There are other areas with potential.

A little oil will be enough

The point is that Circle does not have to find much oil to make its current valuation look derisory. If it were to find commercial quantities todays share price will be a distant memory. There are also offshore Irish interests that are not half bad, but the main play is the Namibian licence that could lead to a substantial new oil area.

Circle may not be the 30-bagger that First Calgary became, but with a slice of luck it could be a 10-bagger.

Squaring the Circle

Companies like Circle are more risky than most. For starters, Namibia is not the UK. While management has a 5-year history of working with the government, that is no guarantee their relationship will stay satisfactory. The current licence expires at the end of March. The company believes it is close to negotiating an extension and to obtaining a more comprehensive licence for the second phase. But there is no certainty that they will succeed. That said, given their history and assuming a successful new capital raising, it would be surprising if they were not able to obtain an additional licence.

More cash needed

The money which Circle has now will not go far. The company says it will not need additional capital to fund its planned exploration this year but longerterm, additional money will have to be found, probably from some combination of debt, equity and a joint venture deal with a major oil company a farm-in that will dilute Circles interests. Finally management, though experienced, may not possess the full range of technical capabilities in-house to complete this programme.

There are financial and operational risks. If not the price would be higher now. If you want to consider a small flutter in Circle, remember that if things go wrong you could lose your entire investment. But the upside is just too exciting to ignore.

James Morton is Investment Director of European American Securities Inc, advisor to Cundill International. Cundill International owns shares in Equator Exploration. European American Securities also advises Perinvest Special Situations Fund. Perinvest Special Situations Fund owns shares in Circle andZari. James Morton also owns shares in Circle and Zari in his SIPP.

Ends.

Immediate release: 25 January 2005

Circle Oil Plc ('Circle' or 'the Company')

Statement Regarding Price Rise

The directors of Circle note the recent rise in the Company's share price.

The Company is currently in the final stages of negotiation with potential
partners to exploit its current licences and will make further announcements in
due course.

-Ends-

David Hough, Managing Director

Circle Oil PLC

Tel. +353 61 354831

Ben Simons

Hansard Communications

Tel. 020 7245 1100



wilbs

Geoff Foster, Daily Mail
25 January 2005


Circle Oil, the fledgling oil exploration company, gushed 7p to 44p on heavy turnover of 5.7m amid talk of an imminent upbeat drilling report.

http://www.thisismoney.co.uk/investing-and-markets/tips-and-tactics/article.html?in_article_id=397395&in_page_id=23


wilbs

Look at cop go. Up 17.17%!!!!
There must be news coming else why the big increase?
wilbs

wilbs,
you must be laughing all the way to the pub!!!!!!!!!!!!!
dexter