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Sat Jan 24

• Morocco: Circle Oil Maroc Ltd (COML), a wholly owned subsidiary of Circle Oil plc, has signed an Exploration and Exploitation Agreement with ONHYM (Office National des Hydrocarbures et des Mines) for the Sebou Concession (296 km2), situated in the Rharb Basin, Morocco. The Exploration Agreement is for a total period of 8 years with the right of automatic conversion to a minimum (but extendable) 25 year Exploitation period.

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