Circle Oil Plc Regulatory News (COP)

7 Sep 2006 13:01

Circle Oil PLC07 September 2006 CIRCLE OIL PLC ("Circle" or the "Company") 2006 ANNUAL GENERAL MEETING ALL RESOLUTIONS PASSED Circle Oil Plc (AIM: COP), the Irish oil & gas exploration and developmentgroup, is pleased to announce that at its 2006 Annual General Meeting held todayall of the resolutions were passed. Enquiries: Circle Oil plcDavid Hough, CEO (+44 20 7638 9571) Citigate Dewe Rogerson (+44 20 7638 9571)Media enquiries: Martin Jackson/George CazenoveAnalyst enquiries: Nina Soon Notes to Editors Circle Oil plc is an Irish oil & gas exploration, development and productioncompany with a growing portfolio of assets in Morocco, Namibia, Oman and Panama. The Company's strategy is to locate and secure licences in new hydrocarbonprovinces and through targeted investment programmes, monetise the value inthose assets for the benefit of shareholders. This could be achieved throughfarm-outs to selected partners who would then invest in and continue thedevelopment of the asset into production. Or, Circle may itself opt to use itsown expertise to appraise reserves and bring assets into production. It is alsoCircle's intention to look at investment in advanced projects with a view toachieving cash flow in the near term. The company listed on AIM in October 2004. This information is provided by RNS The company news service from the London Stock Exchange