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Circle Oil the new Cairn Energy

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cockneyron - Thu, 30 Dec 04 :

Hi ya Superflyer

I hope they are in action over their statements as above........just one will do for now and we will be doing your namesake...Super-flying

1/The company said that, following an aggressive exploration programme over
these areas,a number of new prospects will be brought to drillable status in
the near future."These results are most encouraging and further highlight the significant potential of this very large license area,"

2/"A number of major oil companies have expressed their interest in Circle's
Namibian prospects and these results will greatly strengthen our hand in any
negotiations that may take place over the coming months."

3/It will also allow the Company to focus on getting a joint venture partner for its Namibian licences where recent industry comment about that country's oil and gas potential has been very promising."

4/Vetting and acquiring new projects particularly in the Middle and Far East.

5/The Company is particularly focussed on acquiring exploration and pre-development acreage in Oman, Iraq,Yemen and the United Arab Emirates.

RON









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