16 Sep 2016 07:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.
16 September 2016
CIRCLE OIL PLC
("Circle" or the "Company")
Morocco Production Update
Further to the announcement of 8 August 2016, Circle Oil plc (AIM: COP) the international oil and gas exploration, development and production company, is pleased to announce the completion of gas pipeline repairs in Morocco.
As announced previously, an earth movement near to the town of Kenitra in northern Morocco resulted in the temporary closure of an Office National des Hydrocarbures et des Mines (ONHYM) owned and operated gas pipeline spur. This pipeline spur was used to transport approximately 30% of the gas produced in the Sebou field, which is owned by Circle Oil Maroc (who operate the field with a working interest of 75%) and ONHYM (with a working interest of 25%).
The pipeline was closed whilst a repair was designed and implemented. The repair was carried out by Circle without incident, on schedule and slightly under budget. Production was restarted through the repaired pipeline on 15 September 2016.
For further information contact:
Circle Oil Plc (+44 20 7182 4913)
Mitch Flegg, CEO
Investec (+44 20 7597 5970)Chris SimGeorge Price
James Rudd
Jonathan Wynn
Murray (+353 1 498 0300)Joe Heron
Pat Walsh
In accordance with the guidelines of the AIM Market of the London Stock Exchange the technical information contained in the announcement has been reviewed and approved by Mitch Flegg, Chief Executive Officer of Circle Oil plc. Mitch Flegg, who has over 35 years of experience, is the qualified person as defined in the London Stock Exchange's Guidance Note for Mining and Oil and Gas companies.
Mitch Flegg holds a BSc in Physics from Birmingham University and is a member of the Society of Petroleum Engineers (SPE) and the Petroleum Exploration Society of Great Britain (PESGB).