Result of EGM

Circle Oil Plc

("Circle" or the "Company")

Result of Extraordinary General Meeting

Circle Oil Plc (AIM: COP) the international oil and gas exploration, development and production company, is pleased to announce that at the Company's Extraordinary General Meeting held today at 11.00am, the two resolutions put to the meeting were duly passed.

Copies of the resolutions are available on the Company website www.circleoil.net 

Chairman Steve Jenkins commented:

"We thank shareholders for their support at this important time for the Company and look forward to concluding the formal documentation with KGL Investment Company".

For further information contact: 

Circle Oil Plc (+44 20 7638 9571)Steve Jenkins, Chairman

Investec (+44 20 7597 5970)Chris SimGeorge Price

James Rudd

Liberum Capital Limited (+44 20 3100 2222)

Clayton Bush

Citigate Dewe Rogerson (+44 20 7638 9571)Martin JacksonShabnam Bashir

Murray Consultants (+353 1 498 0300)

Joe Heron

Pat Walsh

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. 

Further information on Circle is available on its website at www.circleoil.net