Exercise of Options and Total Voting Rights

 

TIDMCOP 
 
RNS Number : 3510F 
Circle Oil PLC 
11 January 2010 
 

 
 
 
 
11 January 2010 
 
 
 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 
1,500,000 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 1,500,000 new ordinary shares are expected to be admitted to trading on 15 
January 2010. 
 
 
Following the admission of these new shares to trading on AIM, the Company will 
have  414,336,819 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 Marmour Permit 
in southern Tunisia; the Mahdia Permit offshore Tunisia; the Grombalia Permit in 
northern Tunisia; the ZeitBay 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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