Circle Oil posts rise in H1 revenues

Exploration company Circle Oil today announced revenue of $21.3m (€16.5m) for the first half of 2010, up from $3.5m (€2.7m) on the same period last year.

The company said profit after tax the six-month period to end June was $2.1m (€1.6m), compared to a H1 2009 loss of $15.9m (€12.3m).