Circle Oil to accelerate operations in 2013

Circle Oil, the international exploration, development and production company, has detailed plans to accelerate its operations in 2013 in its operational areas of Morocco, Egypt, Tunisia and Oman.

19th February, 2013
Circle Oil: to accelerate operations

Circle Oil, the international exploration, development and production company, has detailed plans to accelerate its operations in 2013 in its operational areas of Morocco, Egypt, Tunisia and Oman.

Chief executive Chris Green said Circle was "well placed and well funded to accelerate its operations in 2013 and begin unlocking the latent value in its substantial portfolio."

Some 12 wells are planned in total. Circle said its growing available net cash and the working capital facility should provide...

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