14 June 2012
Circle Oil Plc
("Circle" or the "Company")
Director / PDMR Shareholding Notification
Circle Oil Plc (AIM: COP), the international oil and gas exploration, development and production company announces that it was informed today that Mr Nicholas Clayton, a Non-Executive director of the Company, today purchased 120,000 ordinary shares at 17.36 pence per share representing 0.02% of the Company's issued capital.
Following this purchase, Mr Clayton is interested in a total of 220,000 ordinary shares representing 0.04% of the issued share capital of the Company.
For further information contact:
Circle Oil Plc (+44 20 7638 9571)
Prof. Chris Green, CEO
Evolution Securities (+44 20 7071 4300)
Fox-Davies Capital (+44 20 3463 5010)
Citigate Dewe Rogerson (+44 20 7638 9571)
Murray Consultants (+353 1 498 0320)
Notes to Editors
Circle Oil Plc (AIM: COP) is an international oil & gas exploration, development and production Company with an expanding portfolio of assets in Morocco, Tunisia, Oman and Egypt with a combination of low-risk near-term production and significant exploration upside potential. The Company listed on AIM in October 2004.
Internationally, the Company has continued to expand its portfolio over the past two years and now has assets in the Rharb Basin, Morocco; the Ras Marmour Permit in southern Tunisia; the Mahdia Permit offshore Tunisia; the Grombalia Permit in northern Tunisia and the Zeit Bay area of Egypt. Circle also has the largest licence holding of any company in Oman. In addition to its prospective Block 52 offshore, Circle also has an ongoing exploration programme in Block 49 onshore.
Circle's strategy is to locate and secure additional licences in prospective hydrocarbon provinces and through targeted investment programmes, monetise the value in those assets for the benefit of shareholders. This could be achieved through farm-outs to selected partners who would then invest in and continue the development of the asset into production, or Circle may itself opt to use its own expertise to appraise reserves and bring assets into production, generating sustained cash flow for further investment.
Further information on Circle is available on its website at www.circleoil.net
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