Circle Oil reveals well success in Egypt - Circle Oil (LON:COP) - TopicsExpress

Circle Oil reveals well success in Egypt - Circle Oil (LON:COP) has had success with a new well at the Al Amir SE field in Egypt. The AASE-18 well encountered two targets, with 34 feet net pay in the Shagar zone and 32 feet in the Rahmi zone. Both zones showed good quality reservoirs. The well was completed as a producer from the Rahmi zone. A flow test yielded 1,952 barrels of oil per day and 1.821mln cubic feet - about 330 barrels of oil equivalent - per day. Daily... ow.ly/2zMkJ2

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