Wednesday 21 March 2018

Circle firm strikes oil

IRISH-BASED energy group Circle Oil has discovered oil at its Egyptian drilling project.

The company reported progress in developing the Al Amir SE Field (AASE) and the Geyad field in Egypt.

Professor Chris Green, CEO, said: "Circle is very pleased that the AASE-11X ST1 well has found good oil bearing reservoir sands in the Shagar and Rahmi."

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