Financial Update

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

16 November 2016

CIRCLE OIL PLC

("Circle" or the "Company")

Financial Update

Further to the announcement of 19 October 2016, Circle Oil plc (AIM:COP) remains in discussions with Circle Link S.ar.L, the holder of the $20 million convertible loan and will update shareholders in due course.  

For further information contact:

Circle Oil plc (+44 20 7182 4913)

Mitch Flegg, CEO

Investec (+44 20 7597 5970)

Chris Sim

George Price

James Rudd

Jonathan Wynn

Murray (+353 1 498 0300)

Joe Heron

Pat Walsh