29 Jun 2015 17:13
29 June 2015
Circle Oil Plc
("Circle" or the "Company")
Director / PDMR Shareholding Notification
Circle Oil Plc (AIM: COP), the international oil and gas exploration, development and production company, announces that it was informed today that Mr Mitch Flegg, the Chief Executive Officer and Director of the Company, today purchased 93,000 ordinary shares at 10.7 pence per share representing 0.02% of the Company's issued capital.
Following this purchase Mr Flegg is interested in a total of 93,000 ordinary shares representing 0.02% of the Company's issued capital.
For further information contact:
Circle Oil Plc (+44 20 7638 9571)
Steve Jenkins, Chairman
Investec (+44 20 7597 5970)
Chris Sim
George Price
James Rudd
Citigate Dewe Rogerson (+44 20 7638 9571)Martin JacksonShabnam Bashir
Murray Consultants (+353 1 498 0300)Joe Heron
Pat Walsh
Notes to Editors
Circle Oil Plc (AIM: COP) is an international oil & gas exploration, development and production Company holding a portfolio of assets in Morocco, Tunisia, and Egypt with a combination of low-risk, near-term production, and significant upside exploration potential. The Company listed on AIM in October 2004.
Internationally, the Company has assets in the Rharb Basin, Morocco; the Ras Marmour Permit in southern Tunisia; the Beni Khalled permit in northern Tunisia: the Mahdia Permit offshore Tunisia, and the NW Gemsa permit in the Zeit Bay area of Egypt.
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 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.