Circle Oil shares suspended due to financial uncertainty

Turnover at the exploration group fell by 54% last year

29th June, 2016
Circle said turnover fell by 54% last year

Circle Oil has requested that its shares be suspended from trading on London's Alternative Investment Market (AIM) on the grounds of financial uncertainty as it reported 2015 results showing that turnover fell by 54 per cent.

The exploration group, which has been carrying out a strategic review of its business since March, said the outcome of the review was likely to lead to little or no value for shareholders while its financial position remained under significant pressure...

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