Circle Oil PLC Notice of Extraordinary General Meeting (8303T)
November 25 2013 - 4:42AM
UK Regulatory
TIDMCOP
RNS Number : 8303T
Circle Oil PLC
25 November 2013
25 November 2013
Circle Oil Plc
("Circle" or the "Company")
Notice of Extraordinary General Meeting
Circle Oil Plc (AIM: COP) the international oil and gas
exploration, development and production company wish to notify that
an Extraordinary General Meeting of the Company will be held at the
Double Tree by Hilton Hotel (formerly the Burlington Hotel), Upper
Leeson Street, Dublin 4 on Tuesday 17 December 2013 at 12 noon for
the purpose of approving an Employee Long Term Incentive Plan (the
"LTIP Scheme").
Further information on the proposed LTIP Scheme, including the
notice of meeting and an explanatory memorandum will be posted to
shareholders and available for download from the Company's website
(http://www.circleoil.net).
For further information contact:
Circle Oil Plc (+44 20 7638 9571)
Brendan McMorrow, CFO
Investec (+44 20 7597 5970)
Chris Sim
George Price
James Rudd
Liberum Capital Limited (+44 20 3100 2000)
Simon Atkinson
Clayton Bush
Tim Graham
Citigate Dewe Rogerson (+44 20 7638 9571)
Martin Jackson
Priscilla Garcia
Murray Consultants (+353 1 498 0320)
Joe Murray
Joe Heron
Notes to Editors
Circle Oil Plc (AIM: COP) is an international oil & gas
exploration, development and production Company with an expanding
portfolio of assets in Morocco, Tunisia, Oman and Egypt with a
combination of low-risk near-term production and significant
exploration upside potential. The Company listed on AIM in October
2004.
Internationally, the Company has continued to expand its
portfolio over the past years and now has assets in the Rharb
Basin, Morocco; the Ras Marmour Permit in southern Tunisia; the
Mahdia Permit offshore Tunisia and the Zeit Bay area of Egypt.
Circle also has the largest licence holding of any company in Oman.
In addition to its prospective Block 52 offshore, Circle also has
an ongoing exploration programme in Block 49 onshore.
Circle's strategy is to locate and secure additional licences in
prospective hydrocarbon provinces and through targeted investment
programmes, monetise the value in those assets for the benefit of
shareholders. This could be achieved through farm-outs to selected
partners who would then invest in and continue the development of
the asset into production, or Circle may itself opt to use its own
expertise to appraise reserves and bring assets into production,
generating sustained cash flow for further investment.
Further information on Circle is available on its website at
www.circleoil.net
This information is provided by RNS
The company news service from the London Stock Exchange
END
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