Middle East Economic Survey

VOL. LII

No 39

28-Sep-2009

REGIONAL

Circle Oil Set To Ramp Up Oil And Gas Output In Egypt And Morocco

AIM-listed Circle Oil said in an interim report published last week that it has completed a six-well drilling program in Morocco, with a likely commercial gas discovery at the sixth well, and almost doubled its oil production at the North West Gemsa permit in Egypt in the third quarter, to around 4,500 b/d. The companys shares rose by just under 6% on the publication of...