Exercise of Options and TVR

 

TIDMCOP 
 
RNS Number : 9509C 
Circle Oil PLC 
24 November 2009 
 

 
 
 
 
24 November 2009 
 
 
 
 
 CIRCLE OIL PLC 
("Circle" or the "Company") 
 
 
?Exercise of Options and Total Voting Rights 
 
 
 
 
Circle Oil Plc (AIM: COP), the international oil and gas exploration, 
development and production Company, announces that it has today issued 600,000 
new ordinary shares of EUR0.01 each in the capital of the Company pursuant to an 
exercise of options at an exercise price of GBP0.25 per share. The 600,000 new 
ordinary shares are expected to be admitted to trading on 27 November 2009. 
 
 
Following the admission of these new shares to trading on AIM, the Company will 
have 411,836,819 ordinary shares of EUR0.01 each in the capital of the Company 
admitted to trading on AIM. 
 
 
 
 
 
 
 
 
For further information contact: 
 
 
Circle Oil Plc ([phone]) 
David Hough, CEO 
 
 
Collins Stewart Europe Limited ([phone]) 
Adrian Hadden 
 
 
Fox-Davies Capital ([phone]) 
Daniel Fox-Davies 
 
 
Citigate Dewe Rogerson ([phone]) 
Martin Jackson / George Cazenove 
 
 
  Notes to Editors 
 
 
 
 
Circle Oil Plc 
 
 
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, Egypt and 
Namibia 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 
2 years and now has 
assets in the Rharb Basin, Morocco; the Ras Mamour Permit in southern Tunisia; 
the Mahdia Permit offshore Tunisia; the Grombalia Permit in northern 
Tunisia; the Zeit Bay area of Egypt and the Owambo Basin, Namibia.  Circle also 
has the largest licence holding of any Company in Oman. In addition to its 
highly prospective Block 52 offshore, the Company also has an ongoing 
exploration program in Block 49 onshore. 
 
 
The Company's strategy is to locate and secure additional licenses 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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