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.

yes, looking good now. very pleased. bought in at 43 and watched them drift so very pleased with recent rise.

Up 7%+ = 3p Early and still strong buying will be 50p by Friday - Positive News to come with Positive press should see share hit 75p to 85p nextweek.

positive news would be great!!!!!

News release from Circle Oil this afternoon:


Statement Regarding Price Rise


The directors of Circle note the recent rise in the Company's share price. The
Company is currently awaiting consent to announce the approval of the award of
a new exploration licence block. The award will be subject to the entering into
of an agreement covering all aspects of exploration, development and
production. A further announcement will be made in due course.

In addition, the Company expects to announce its preliminary results for the
year ended 31 December 2004 next week.

-Ends-

David Hough, Managing Director
Circle Oil PLC
Tel. +353 61 354831

Chris Roberts
Hansard Communications
Tel. 020 7245 1100

nice one.

Do not fall for the tree shake by the MM's - Bigger News to come - Massive Well known 'Farm In Partner involved'. Once released will leave 47p (premium being paid on buys yesterday) in the distant past. This will move upwards today CONFIDENT 0: - )))

Bankone, IMO this will go bigtime. The areas COP have EP licences in and with the Chinese onboard(not definate yet, but most likely) with more cash to expand it IMO can't fail to give the SP a major boost. CONFIDENT 0: -)))

Got back the temporary dip (probably on profit taking for the weekend) on Friday early monday(when buyers will return). Results will be good. Expect heavy buying today and tomorrow. I expect results Thursday morning. Meanwhile value of Crude will reach even greater heights pushing this share Northwards. News flow will accelerate upto and after results. CONFIDENT 0: -)))

Now that the results are out and doesn't show anything that wasn't expected i.e Nil revenue. The positive newsflow will start to be revealed. Expect swift and steep movement over the next couple of days. This will gush. Leaving the station so get on board DYOR.

Moving now 43p to 46p bid within last 10 mins expect announcement later today or tommorrow morning. Insiders (like us) lumping in.

Last chance to get in at around 50p. Massive news on the way, otherwise why all the movement and buying.Can't say too much but the recommendation on this is a strong BUY. Will be 75p to 85p by the middle of July - No problem.DYOR

Bankone is right, news is imminent. Don't let a small dip shake you. dyor etc

No announcement yet,sp up

the rumour is news next week with CS broker update valuing COP at 500m (currently 59m).

very excited.

DB

:0)

What is the rumour, what type of news,even a clue.

as quoted elsewhere "Collins Stewart values the company at a potential +500Million valulation based on current prospects and a conservative price of 40 Dollars per barrel.Very interesting read."

The dogsbolloox Thats not the what I have had given to me - Big News definitely imminent will rocket this share 75p - 85p by the end of july

The new (30 Jun 05) Collins Stewart 30 page note, in full, now on circle oil website. enjoy.

http://www.circleoil.com/site/documents/brokers_report_30605.pdf

current mkt cap = 59m

good week ahead.

DB

Is there any news on circle oil soon as there seems to be a lot of interest at the moment