Circle Oil Plc report the following update regarding the Al Amir SE Field (AASE) and the Geyad field.

Appraisal well AASE-11X was spudded on 5 February 2012 and is located on the north western flank of the AASE field, updip of the AASE-7X water injector. The well's objective was to appraise both the Shagar and Rahmi sands for injection/production in that location.

The well reached a TD of 9,600 ft MD before being sidetracked to the south for geological reasons. The AASE-11X ST1 well was then successfully drilled to a total depth of 11,160 ft MD into the base Kareem. The well encountered 42 ft of net pay in the Kareem Shagar sand and 22 ft in the underlying Rahmi sand with oil bearing sands present to the base of the reservoir. Completion of the well as a Shagar sand producer is underway and testing is planned to be conducted shortly. The results will be announced in due course.

Tags: Circle Oil plc