Circle Oil Updates its Operations in Oman

Circle Oil Plc, the international oil and gas exploration, development and Production Company, is pleased to provide the following update on Block 49 in Oman.

Block 49 (Circle: 100% equity interest)
The 3D seismic survey tenders for Block 49 have been evaluated and the contract has been awarded. The seismic acquisition will be carried out over this winter and spring when the daytime temperatures are cooler in the area. The planned work programme consists of the acquisition of approximately 900 sq kms of 3D seismic data encompassing the main prognosed play areas in the south of Block 49. Following acquisition the data will be processed prior to interpretation and incorporated into our technical database.