Circle Oil PLC Morocco Production (5235G)
2016年8月8日 - 6:00PM
RNSを含む英国規制内ニュース (英語)
TIDMCOP
RNS Number : 5235G
Circle Oil PLC
08 August 2016
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.
8 August 2016
CIRCLE OIL PLC
("Circle" or the "Company")
Morocco Production
Circle Oil plc (AIM: COP) the international oil and gas
exploration, development and production company, announces a
temporary reduction in gas production rates in Morocco.
A recent earth movement near to the town of Kenitra in northern
Morocco has resulted in the temporary closure of an Office National
des Hydrocarbures et des Mines (ONHYM) owned and operated gas
pipeline spur. This pipeline spur was used to transport some of the
gas produced in the Sebou field which is owned by Circle Oil Maroc
(who operate the field with a working interest of 75%) and ONHYM
(with a working interest of 25%).
There were no injuries associated with the incident and the
pipeline has been closed as a precaution while the situation is
assessed and repairs are implemented.
Production from the field continues through Circle's separate
pipeline system at production rates roughly 70% of the previous
levels.
The reduction in gas flow rates is expected to be temporary and
a further announcement will be made 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
In accordance with the guidelines of the AIM Market of the
London Stock Exchange the technical information contained in the
announcement has been reviewed and approved by Mitch Flegg, Chief
Executive Officer of Circle Oil plc. Mitch Flegg, who has over 34
years of experience, is the qualified person as defined in the
London Stock Exchange's Guidance Note for Mining and Oil and Gas
companies.
Mitch Flegg holds a BSc in Physics from Birmingham University
and is a member of the Society of Petroleum Engineers (SPE) and the
Petroleum Exploration Society of Great Britain (PESGB).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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