News In Brief

18th October, 2015

Oil explorer Circle mulls rival takeover in Morocco

Irish oil explorer Circle Oil is believed to be considering acquiring a rival oil explorer in its Moroccan territory.

According to industry sources, it may look at a takeover or a licence acquisition in relation to Gulfsands Petroleum. Gulfsands was recently refused a licence extension at an exploration prospect very close to where Circle is operating, both in Morocco and in Tunisia.

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