Limerick-based explorer Circle Oil has vowed to further grow its business with increased drilling activity as well as more acquisitions, after reporting strong profit, revenue, and production gains in the first six months of the year.

Limerick-headquartered oil and gas exploration company, Circle Oil has secured $12.5m (€9.5m) in additional funding for its assets in Egypt.

Co Limerick-based international oil and gas exploration company Circle Oil has reported a 53% increase in profits in the first half of the year.

Increased production rates and rising oil and gas prices boosted revenues and profits — the latter by as much as 147% — to record levels at Limerick-headquartered exploration company, Circle Oil last year.

Irish mining companyConroy Gold and Natural Resources has announced a near 20% increase in estimated total resources at its Co Monaghan-based gold project at Clontibret to over 600,000 ounces.

LIMERICK-headquartered exploration firm, Circle Oil has found additional oil content at one of its chief assets in Egypt, potentially increasing the size of the overall field.

MANAGEMENT at the exploration company Circle Oil has hailed “excellent progress” made in the first half of the year, with after-tax profits surging by 316%, year-on-year, to $8.7 million (€6.2m).

LIMERICK-BASED exploration company Circle Oil’s Moroccan and Egyptian assets could hold up to 83% and 65% more oil reserves than initially anticipated.

LIMERICK-headquartered international oil and gas exploration company Circle Oil has found more gas at its operations in northern Africa, which could well present serious benefits for the company and local population alike.

A maths expert has calculated the perfect ingredients for a happy Christmas.

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.

OIL and gas exploration company, Circle Oil, headquartered in Limerick, has raised $65 million (€49m), via a second share placing in 12 months, in order to aid its medium-term growth prospects.

TULLOW Oil has finally received conditional formal approval from the Ugandan Government for its purchase of the 50% stake in two licences previously owned by former production partner, Heritage Oil.

Rebel French shareholders ousted Eurotunnel’s management with typical Gallic fervour in Paris a year ago today.

The crew of Royal Navy flagship HMS Illustrious were today preparing it for operations against the Taliban after being told they will not be home for Christmas.