25th Mar 2014 07:01
25 March 2014
CIRCLE OIL PLC
("Circle" or the "Company")
Director/PDMR Share Purchase
Circle Oil Plc (AIM: COP), the international oil and gas exploration, development and production company, was notified on 24 March 2014 that the following Directors and Persons Discharging Managerial Responsibility ( "PDMR") have purchased a total of 686,177 ordinary shares in the capital of the Company. Details concerning the purchases are set out below:
Name | Position | Ordinary Shares Purchased | Average Price Paid per Ordinary Share | Total holding following the purchase | % of Issued Share Capital |
Stephen Jenkins | Chairman | 421,177
| 24.40p | 421,177 | 0.07 |
Prof. Chris Green | CEO | 50,000 | 24.30p | 50,000 | 0.01 |
Nicholas Clayton | Non-Executive Director | 105,000 | 23.76p | 325,000 | 0.06 |
Dr. Keith Morris | Non-Executive Director | 60,000 | 24.30p | 60,000 | 0.01 |
Brendan McMorrow | CFO | 50,000 | 24.22p | 50,000 | 0.01 |
For further information contact: | |
Circle Oil Plc Professor Chris Green, CEO Brendan McMorrow, CFO
| (+44 20 7638 9571) |
Investec Chris Sim George Price James Rudd
| (+44 20 7597 5970) |
Liberum Capital Limited Simon Atkinson
| (+44 20 3100 2222) |
Citigate Dewe Rogerson Martin Jackson Shabnam Bashir
| (+44 20 7638 9571) |
Murray Consultants Joe Murray Joe Heron
| (+353 1 498 0300) |
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.
Related Shares:
Circle Oil Plc