News

January 20, 2010

Circle Oil Has More Good News From North Africa -- This Time From Extended Testing Of The KSR-8 Well On The Sebou Permit In Morocco

In his latest announcement David Hough CEO of Aim Listed Circle Oil says 2009 was a transformational year for the company. It was just that in the sense that the decision taken in the mid 2000s to concentrate less on wildcatting in frontier areas like Oman and Namibian and focus more on achieving production onshore North Africa began really to bear fruit in 2009.

The latest good news is out of Morocco this time, following a recent stream of positive news flow coming from Egypt. Circle has announced that the KSR-8 well, the most promising of the 2008/09 Moroccan drilling campaign in its Sebou Permit has started extended test production. This follows the completion of engineering works and surface construction. As the company announced in its December 2009 operational update, following completion of furnace maintenance by its consumer in the first quarter...