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+Vote!

Circle successfully tests well in Morocco.

Irish exploration company Circle Oil said it has “successfully tested” a well in Morocco. Exploration well CGD-9 in Morocco is a potential producer, Circle said in a statement.

1Vote!

Oil discovered in Morocco

"Circle Oil" Company anounced on Monday it had discovered a well in Morocco. The "Circle Oil," they dug a well and tested successfully prospecting "or like" 6 in the concession area was born influenza discovered that it is capable of producing 3.32 million provided by traditional gas per day. It is expected that additional assessments are made, according to the company, which is currently testing other...

1Vote!

Circle reports natural gas find in Morocco

Irish oil-exploration company Circle Oil today reported a natural gas at the first well it drilled in Morocco.

+Vote!

Small caps round-up 2: Braemore Resources, Circle Oil, DHX Media ... (ShareCast via Yahoo! UK & Ireland Finance)

Growing losses at Braemore Resources had the nickel and platinum miner lower Monday, although it remains confident of the firm's intrinsic value. Source: uk.biz.yahoo.com Banking on it Those keen on investing in property often do not need banking finance to do so. The sale of an existing property or t... Source: news.assetz.co.uk HBOS failure breaks GuestInvest but hotel room investment sector remains...

+Vote!

Success for Circle in Egyptian concession

Circle Oil announces drilling.

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Elan Valley

Dam and Stone Circle oil on canvas 7x10" went with Rene to the Elan valley reservoirs for a real challenge,painting the dams... it was soooo windy,my easel blew over three times and one of the legs broke, i was sweating and swearing,really swearing, not realizing some people were watching me from behind! they smiled politely and quickly left....aaaargh so what does Rene do when it is really windy?...

1Vote!

Oil Struck

AP: CAIRO, Egypt: Circle Oil and Premier Oil said Friday that they have struck oil in their onshore North West Gemsa Concession in Egypt. Initial, sustained production was over 3,000 barrels per day of crude and 4 million standard cubic feet per day of natural gas, the United Kingdom-based oil and gas producers said. The concession lies [...]

1Vote!

Circle Oil reports Egyptian discovery

LONDON, Oct. 3 (UPI) -- Britain's Circle Oil PLC said Friday drilling in North West Gemsa Concession in Egypt produced both oil and natural gas. These events leave the company in a very strong position, Chief Executive Officer David Hough said. They give us the options to … carry out our ambitious plan to drill 15 wells over the next 24 months on our North African licenses. The well in Egypt is...

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Oil exploration CEO says price will stay above $90

Circle Oil chief predicts oil price could soar past $110 in event of cold winter in US.

1Vote!

Circle Oil pretax loss widens to $2.15m

DUBLIN-BASED oil and gas exploration group Circle Oil lost $2.15 million (€1.4 million) before tax during the six month period to the end of June, the company said this morning.

2Vote!

Oiling wheels of African deal

HAVING STEPPED down last week from the board of Circle Oil, Irish businessman John McKeon has turned his attention to oil exploration in Somaliland, a self-governing African region that is seeking international recognition and independence from Somalia.

+Vote!

Circle Oil Farms Out Licence Deal to Dubai Company

CIRCLE Oil, an Irish oil and gas exploration and development company, has signed a US$15 million farm-out agreement on its Ovambo Basin licence in northern Namibia with Petroholland, a Dubai holding company.

1Vote!

Oiling the deals

JOHN McKEON acquired a new passport less than a year ago, but already the Circle Oil co-founder has notched up "40 or 50" border stamps on its pages, writes

+Vote!

Circle to get $15m in Namibia deal

THE small Irish exploration group Circle Oil has secured a deal under which it will receive a $15m cash payment from Dubai-based Petroholland, who will also pay for the Irish firm's share of the costs on an exploration in northern Namibia.

+Vote!

Circle Oil sells 70% of Namibian license

Limerick-based exploration company Circle Oil said this morning Petroholland will acquire a 70 per cent stake in its Ovambo Basin license in northern Namibia for €10.5 million ($15 million).