Circle Oil announced its results for the year ended December 31, 2009.
Thomas Anderson, Chairman of Circle, said, "In 2010 Circle is continuing with its exploration and production programs with further drilling in Egypt through additional appraisal wells and the likely commencement of injector support drilling. In Morocco, we will commence another drilling program and proceed to install a new trunk line to permit increased production. As our oil production increases we are considering how best to lock in the prevailing high price of oil in light of current world economic indicators.
"I said in last year's annual report that I was looking to the future with confidence and enthusiasm and am even more convinced today that Circle can deliver on its promise of accelerated growth."
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