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Day of the AGM. Share price at all time low. Currently 9.8p. No trading activity at all. Where this company is known it is known for the lack of activity by the board of directors and many investors are probably not aware of Circle at all. The board of directors need to do something completely different. They need to make some money for this company by drawing in investors.

Already a number of sells well below 10p a share. How can that be? It can only be due to a lack of confidence in this company. This is clearly a buy in price. Anyone selling is just dumping their shares because they have no confidence in this company. The AGM tomorrow is going to have to deal with this lack of confidence. Oman might be a dead loss now but it looks like Circle are pulling out of there to concentrate on the profitable locations. Morocco is certainly looking good now. The Board of Directors need to market this company to prospective investors in a positive light. This article is full of the bad news but still has some good news as well: http://www.proactiveinvestors.co.uk/companies/news/108603/circle-oil-bears-scars-of-lower-prices-and-cost-overruns-108603.html

Started off okay and then gradually faded throughout the day. This should really get back to the 13p+ of late May with the news from Morocco and further news coming out of the AGM.

Indeed, under £10,000 is peanuts for director buying. At such a good price as well. Does show some interest in the company though.

.... should be fun.

"We are delighted that our first well on the Lalla Mimouna Nord Block has such positive results, flowing gas at significant rates from both target intervals. The productivity of this first well is very encouraging for the expansion of Circle's portfolio of Morocco gas fields." It's that word 'significant' which is significant.

COP is bucking the trend this morning. The market is down. So some headwinds here.

At last a result on LAM-1. It appears to be relatively successful. Let's see how the share price reacts .....

Now at 6 weeks into LAM-1 drill, no news. New CEO and CFO, no change. In fact no news from anything in this company. With selling at this share price it is clear some investors are losing patience.

Many buys since then are registered as sells. As the caption at the bottom says: 'The "buy" or "sell" status is an assumption based on the trade price and spread at the time of trade. It is an indication only.' The assumptions made are frequently wrong with COP.

Some of us have been saying for a while now that Circle Oil do not provide information for investors. Not to do so is losing investor confidence in COP. The share price was 11.5p in mid January. In fact it reached 13p at one point. And that is when the Brent price was $49 and the WTI price was $45. The oil price is not the only reason for this share price today. My other post for TFMonty covered some of the other points.

Another factor often pointed out is the low oil price. The oil price has risen over 30% since mid January. COP was around 11.5p in mid January. So an oil price 30% higher should encourage a COP share price at a somewhat higher level. Around 13p to 14p would be a sensible figure for a 30% higher oil price.

The true value of this share without any major oil or gas finds is around 13p to 14p. That can be seen from recent movements of the share price this year. The complete lack of PR from the company results in a loss of confidence in the share price whenever any poor news emerges. The lack of any evidence backed guidance from the company does not encourage any confidence in COP. To say it is only a buy when the share price is down at 8p is not sensible. It only very briefly dipped below 9p in early April and with the buy / sell spread it probably would not have been possible to buy below 9p even then. Any good news at all has sent the share price up above 13p. And there are several possibilities for good news coming: LAM-1, possible M&A, a new CEO, a new CFO, the existing gas production already coming on stream and several other items. I agree with ramerci that you seem to be making posts which are everything from not sensible to purely antagonistic. I will listen to any opinion as long as it sensible but yours don't even stand up to reason.

Every silver lining has it's cloud. Anything below 10p is a good buy in price. It's just frustrating when a small amount of investigation sees a good stable company. Unfortunately not many people know about it and there is no PR department to make it better known.

No assumptions. A question was asked. Maybe ENOC taking over Dragon reduces the possibility of Dragon taking over Circle? Unless there is a Circle of life going on here.

I understood Dragon Oil was the prime contender to take over Circle Oil. It would appear that they have been taken over themselves by ENOC. So the M & A position with Circle Oil is presumably somewhat reduced?

Yes. Good bit of information.

That link works on my smartphone but not on my desktop.

That is what the Circle Oil website shows.

Good news? Not sure. These hedge funds are rarely good news. If we can piggy back on anything they do to improve their own investment then yes. But if they start shorting it like hedge funds have done with other shares then not so sure.