Circle Oil Company News

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Gas Production Restarts at ONHYM Pipeline in Morocco
Friday, September 16, 2016Gas production restarts at an Office National des Hydrocarbures et des Mines (ONHYM) owned and operated gas pipeline spur in Morocco, following the completion of gas pipeline repairs.

Circle Oil Suffers Temporary Production Dip in Morocco Due to Earthquake
Monday, August 08, 2016Circle Oil suffers a temporary reduction in gas production rates in Morocco due to a recent earthquake near the town of Kenitra.

Circle Oil Agrees Repayment Extension
Friday, June 24, 2016Circle Oil plc agrees a repayment extension with International Finance Corporation.

Circle Oil Warns There Could Be Little or No Value Left for Shareholders
Friday, May 20, 2016Circle Oil plc warns there could be little or no value left for shareholders, after taking into account its $77.5 million outstanding debt position and the nature of indicative proposals received to date.

Circle Flows Oil From AASE-24 Well in Egypt
Tuesday, May 17, 2016Circle Oil plc flows oil from the AASE-24 well on the North West Gemsa field in Egypt.

Circle Oil Considers Debt Restructuring
Monday, December 14, 2015Circle Oil plc considers a number of options, including debt restructuring, to ensure that the company has sufficient cash flows to fund operations.

Circle Oil: Gas Discovery at CGD-13 Onshore Morocco
Wednesday, October 28, 2015Circle Oil plc announces that a gas discovery has been made at the Caid El Gaddari-13 (CGD-13) exploration well on the Sebou Permit, onshore Morocco.

Circle Oil: KSR-A Well Onshore Morocco Flows Gas
Tuesday, October 13, 2015The Ksiri West-A (KSR-A) exploration well on the Sebou Permit, onshore Morocco, flows gas at a rate of 8 million cubic feet per day, following tests.

Circle Oil: KSS-A Well Onshore Morocco Plugged & Abandoned
Wednesday, August 26, 2015Circle Oil announces that the Ksiri South (KSS-A) well on the Sebou permit, onshore Morocco, has been plugged and abandoned.

Circle Oil Extends Mahdia License Exploration Permit in Tunisia
Wednesday, August 19, 2015The Tunisian authorities approve an application from Circle Oil to renew its exploration permit on the Mahdia block for three years, until January 19, 2018.

Circle Oil to Plug and Abandon NFA-1 Well Onshore Morocco
Monday, August 03, 2015Circle Oil will plug and abandon the NFA-1 exploration well, which is located on the Lalla Mimouna permit onshore Morocco.

Circle Oil Confirms Flow Rates at LAM-1 Onshore Morocco
Friday, June 26, 2015Circle Oil confirms gas flow rates at the LAM-1 well, located on the Lalla Mimouna Permit onshore Morocco.

Circle Oil Appoints New CEO
Friday, May 29, 2015Circle Oil announces the appointment of Mitchell Robert Flegg as the new Chief Executive Officer of the company.

Positive Test Results for SAH-W1 Well in Morocco
Monday, May 11, 2015Circle Oil sees positive results from tests at its SAH-W1 gas well, onshore Morocco.

Circle Abandons Shisr-1 Well Due to Drilling Difficulties
Wednesday, March 04, 2015Circle Oil says it will plug and abandon its Shisr-1 well on Block 49, onshore Oman, due to drilling difficulties.

Professor Green Quits as Circle CEO
Tuesday, November 11, 2014Circle Oil says CEO Professor Green intends to step down as the company makes progress in North Africa and Oman.

Circle Hits Gas Onshore Morocco
Wednesday, June 18, 2014Circle Oil's SAH-W1 well finds three gas-bearing zones in the Sebou Permit, onshore Morocco.

Circle Begins Third Onshore Morocco Drilling Campaign
Monday, May 19, 2014Circle Oil begins the third campaign in its Sebou permit onshore Morocco.

Circle Oil Appoints New Chairman
Monday, January 06, 2014Circle Oil appoints ex-Nautical Petroleum CEO Stephen Jenkins as its new chairman.

Circle Farms into Beni Khaled License Onshore Tunisia
Thursday, July 25, 2013Circle Oil agrees to farm into Beni Khaled production license, onshore Tunisia, in $5 million deal.

Circle Oil Reports New Egypt Well Put on Production
Thursday, March 07, 2013Circle Oil says that its AASE-14X ST well has been put on production and its producing 1,333 barrels of oil and 1.4 million cubic feet of gas daily.

Circle Oil Updates Production Activities in Egypt
Thursday, February 14, 2013Circle Oil announces an update regarding the Al Amir SE field ("AASE") and the Geyad field.

Drilling Commences at Circle Oil's Tunisia Well
Thursday, November 01, 2012The Bou Argoub-1 exploration well in the South West Belli area of the Grombalia Permit spud and commenced drilling Oct. 30, 2012.

Circle Oil Updates Ops at Egyptian Fields
Monday, October 22, 2012Circle Oil announces an update regarding the Al Amir SE Field and the Geyad field.

Circle Oil Completes Al Amir SE Development Well
Monday, July 23, 2012"Circle is pleased with the results of the AASE-12X ST1 well, which has been completed as a Shagar sand producer with good initial flow," CEO Prof Chris Green said.

Circle Oil: Drilling Preps Underway for Grombalia Permit
Friday, June 29, 2012"We are very pleased that preparations are now underway for the drilling of our exploration well in the Grombalia Permit," CEO Prof Chris Green said.

Circle Oil All Smiles over AASE Well
Thursday, May 03, 2012"Circle is very pleased that the AASE-11X ST1 well has been completed as a Shagar sand producer with good initial flow," Chris Green said.

Circle Oil Encounters Net Pay at Al Amir
Thursday, March 22, 2012The AASE-11X ST1 well encountered 42 feet of net pay in the Kareem Shagar sand and 22 feet in the underlying Rahmi sand, according to Circle Oil.

Circle Oil Briefs Production Updates at Rharb Basin
Monday, February 13, 2012Circle Oil Plc announced the following update regarding the commissioning of the new pipeline and associated infrastructure for its Rharb Basin permits in Morocco.

Circle Oil All Smiles over Al Amir SE Field
Wednesday, February 08, 2012"The success of the AASE-10X well in finding good reservoir sands, oil bearing in both the Shagar and Rahmi sands, is an excellent result," said Prof. Chris Green.

Circle Oil Concludes Seismic Work in Morocco
Wednesday, January 11, 2012Circle Oil announced the successful completion of the 2D and 3D seismic acquisition program in the Lalla Mimouna and Sebou permits in the Rharb Basin, Morocco.

Circle Oil Constructs Pipeline in Morocco, Appts Senior Management in Egypt
Monday, January 09, 2012Circle Oil announced the following update regarding the construction of the new pipeline and associated infrastructure for its Rharb Basin permits in Morocco and a senior management appointment in Egypt.

Circle Oil Updates Drilling Ops in Egypt
Monday, October 24, 2011Circle Oil announced the following update regarding the Al Ola-2 well drilled in the Al Amir SE field, the Geyad-D well in the Geyad field and a progress update following the commencement of water injection.

Circle Oil Granted Extension for Oman Exploration
Monday, September 05, 2011Circle confirmed that the Ministry of Oil and Gas, Oman has granted an extension to the exploration period for our onshore Block 49 now ending December 26, 2012.

Circle Oil Updates Ops at Geyad Field in Egypt
Wednesday, August 31, 2011Circle Oil announced the following update regarding the Geyad-5X water injection well drilled to support production in the Geyad Field.

Circle Oil Completes Al Amir Water Injector Well
Friday, July 22, 2011Circle Oil announced the following update regarding the Al Amir SE-8X water injection well together with details on the imminent drilling of Geyad-5X, a water injector, to support production in the Geyad Field.

Circle Oil's Non-Executive Director Resigns
Friday, June 10, 2011Circle Oil announced that Mr. Ezzedin Hamyouni, a non-executive director of the Company, has resigned.

Circle Oil Sees Increase in 2011 Recoverable Resources
Wednesday, June 08, 2011Circle Oil announced the 2011 update to Ultimate Recoverable Resources for the NW Gemsa Concession, Egypt, and the Sebou Permit, Morocco, which indicates a significant increase over the 2010 URR estimates for both permits.

Circle Commences Surveying Work at Moroccan Permits
Thursday, May 26, 2011Circle announced the commencement of surveying work and mobilization for the new seismic acquisition campaign within our permits in the Rharb Basin, Morocco.

Circle Oil Notes Drilling Preps at Egyptian Well
Tuesday, April 19, 2011Circle Oil announced that the Geyad-3C appraisal/development well is currently rigging up and preparing to commence drilling.

Circle Oil Hits Gas Pay in Morocco
Friday, April 15, 2011Circle Oil announced a gas discovery in the Main Intra Hoot target and secondary targets available for future testing in the Mid and Base Guebbas sands.

Circle Oil Briefs Operations at Al Amir Lease
Monday, April 11, 2011Circle Oil announced an update regarding the Al Amir SE-7X water injector well located to the west of the Al Amir SE-4X well in the Al Amir Development Lease.

Drilling Commenced at Circle's Final Rharb Well
Tuesday, March 15, 2011Circle Oil announced that following improvements in ground conditions in parts of the Rharb Basin the fifth and final well in the current drilling campaign has been spudded.

Moroccon Well Delivers for Circle Oil
Tuesday, February 08, 2011Circle Oil confirmed a gas discovery at the Base Guebbas target at DRJ-6 exploration well in the Sebou Permit.

Circle Oil Confirms Egypt Ops Remain Safe
Tuesday, February 01, 2011Circle Oil confirmed that its operations and oil production in the NW Gemsa Concession (40% Working Interest) remain unaffected.

Circle Oil Confirms Gas Discovery in Morocco
Monday, January 24, 2011Circle Oil has confirmed a gas discovery in both the Main Hoot target and the secondary Guebbas target.

Circle Oil Drills Ahead at NW Gemsa Development
Monday, January 10, 2011Circle Oil provided the following operational update for the Al-Amir SE-7 well which is being drilled in the NW Gemsa Development Lease, Egypt.

Circle Oil Makes Gas Find in Rharb Basin
Tuesday, January 04, 2011Circle Oil confirms a gas discovery in both the Main Hoot target and a secondary Mid Hoot target at the KSR-10 exploration well in Morocco.

Circle Oil Places Al Ola-1X Well On Stream
Monday, December 20, 2010Circle Oil updated its Egypt NW Gemsa activities. The Al Ola-1X well has now been placed on stream following receipt of official permission for a long-term production test.

Circle Oil Notes Flow Rates of 1.65MMscfd at Al Amir SE Discovery
Monday, November 22, 2010Circle Oil reported positive results from the 6th appraisal well in Al Amir SE discovery area with flow rates of 1,575 bopd and 1.65MMscfd of gas are achieved. Circle Oil also updated on its operational activities in Oman and Tunisia.