One of Circle Oil's creditor has called time on its loan.
Circle Oil's Morocco production has started the slide.
Circle Oil was thrown a financial lifeline after securing an extension for its repayments.
Circle Oil today confirmed it had been forced to suspend its shares on the London Stock Exchange as it grapples with financial uncertainty.
Circle Oil, the Middle East focused independent, has agreed to further extend the suspension of the December 2015 redetermination and any repayments due under its reserve-based lending facility.
Circle Oil's debt obligations means the result of its ongoing strategic review is likely to lead to "little or no value" for its shareholders it confirmed.
Circle Oil has completed its infill drilling campaign on the North West Gemsa field in Egpt.
Circle Oil's financial position remains "under significant pressure" and needs sustained improvement in payments from Egypt's state-owned oil company to shore up its cash position.
Circle Oil has agreed and extension to its suspension of debt repayments with its lender.
Aminex and Solo Oil are one step closer to first gas from its Kiliwanit North Development.
Circle Oil today confirmed it was considering a complete sell-off as it battles building debts.
Irish independent Circle Oil is considering a debt restructuring amongst options to try and improve its balance sheet and ensure adequate cash flow to fund its operations.
Circle Oil has discovered gas at its latest exploration well in Morocco - marking a succesful culmination to its 2015 drilling campaign.
Circle Oil, the North African focused independent, has confirmed gas has been found at its Ksiri West-A (KSR-A) exploration well onshore Morocco.
The Tunisian authorities have approved an application from Circle Oil to renew the exploration permit on its Mahdia block.
North African exploration company Circle Oil has plugged and abandoned its NFA-1 exploration well in Morocco.
Circle Oil has suspended a well after an interpretation of wireline logs revealed its reservoir quality was not as high as previous estimates. The North African focused oil and gas exploration company drilled ANS-2 on the Lalla Mimouna permit, onshore Morocco, following success on the LAM-1 well. The second well was targeting the Miocene sands, and while the well encountered gas shows whilst drilling at total depth the company has chosen to get further analysis of data before pressing ahead.
Circle Oil’s Morocco campaign makes gas findCircle Oil confirmed its Moroccan exploration campaign has made a credible gas find.
The Board of Circle Oil has appointed two non-executive directors. Antony Maris and David MacFarlane join the firm with a wealth of experience in the industry.
The chief executive of Circle Oil is to step down from his position with the Irish explorer. Professor Chris Green, who has been with company for more than eight years, will also step down from the board.