David Hough

CIRCLE OIL PLC

("Circle" or the "Company")

David Hough

Circle Oil regrets to announce the sudden death of its Chief Executive Officer, Mr. David Hough.

The Board has extended sympathy to the family of Mr. Hough on behalf of all the management, staff and shareholders of Circle Oil.

Circle Oil announces the appointment of Professor Chris Green as Interim Chief Executive Officer. Professor Green will have the active and full support of the Chairman in carrying out his duties.

The Chairman, Thomas Anderson, said:

 "Since founding the company in 2003, David led the company's management in successfully developing a portfolio of assets and bringing them to production, in the process building a successful business for shareholders. His drive, energy and commitment to the business and its staff will be greatly missed."

ENDS

For further information contact: 

Circle Oil Plc (+44 20 7638 9571)

Thomas Anderson, Chairman

Evolution Securities (+44 20 7071 4311)

Rob Collins

Chris Sim

Neil Elliot

Fox-Davies Capital (+44 20 7936 5230)

Daniel Fox-Davies

Citigate Dewe Rogerson (+44 20 7638 9571)

Martin Jackson

Murray Consultants

Joe Heron +353 87 690 9735

Joe Murray +353 86 853 4950