Circle Oil PLC Extraordinary General Meeting: Resolution Passed (7579V)

TIDMCOP

RNS Number : 7579V

Circle Oil PLC

17 December 2013

17 December 2013

Circle Oil Plc

("Circle" or the "Company")

Extraordinary General Meeting: Resolution Passed

Circle Oil Plc (AIM: COP) the international oil and gas exploration, development and production company, announces that at the Company's Extraordinary General Meeting held today at 12.00 noon, the resolution put to the meeting was passed.

For further information contact:

Circle Oil Plc ([phone])

Brendan McMorrow, CFO

Investec ([phone])

Chris Sim

George Price

James Rudd

Liberum Capital Limited ([phone])

Simon Atkinson

Clayton Bush

Tim Graham

Citigate Dewe Rogerson ([phone])

Martin Jackson

Priscilla Garcia

Murray Consultants ([phone])

Joe Murray

Joe Heron

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 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

This information is provided by RNS

The company news service from the London Stock Exchange

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