Circle Star Energy Announces Initial Production In Kansas

Before you go, we thought you'd like these...
Before you go close icon

Circle Star Energy Announces Initial Production In Kansas

FORT WORTH, Texas--(BUSINESS WIRE)-- Circle Star Energy Corp. (OTCBB: CRCL)provided an update regarding their first operated well in Trego County, Kansas.

The Lynd 36-1 was drilled to approximately 4,100 feet total depth. The well was recently completed in the Marmaton formation where approximately 12 feet of net pay zone was encountered. The 36-1 was put on pump with initial daily oil rates of 20-25 barrels of oil per day and is currently producing at approximately 10 barrels of oil per day.


CRCL CEO Jeff Johnson stated, "Getting our first operated well on line and producing in Kansas is indeed a milestone for Circle Star Energy and its shareholders. Management is encouraged with the initial drilling results and we look forward to further developing our Kansas assets."

CRCL owns a 25% working interest and a 20% net revenue interest until payout and will convert to a 43.75% working interest and a 35% net revenue interest after payout in the Lynd 36-1 well.

About Circle Star Energy Corp.

Circle Star Energy Corp. is a performance-driven exploration & production company that is developing exposure to high-impact, large scale oil & gas plays via operated and non-operated positions; while establishing and building a base of low-risk, solid return and operated working interests.

For more information on CRCL, please visit www.circlestarenergy.com/investors/stock-information.

For further information, news and updates, visit Circle Star Energy:

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, our use of proceeds, expectations related to our vision and strategy and our plans for growth and increase of shareholder value. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new business opportunities and development stage companies and the possibility that certain acquisitions will not close. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. Although the Company has attempted to identify important factors that could cause the use of proceeds to differ materially from those described in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Except as required by law, the Company assumes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.



Circle Star Energy Corp.
G. Jonathan Pina, +1 (817) 744-8502
info@circlestarenergy.com
www.circlestarenergy.com

KEYWORDS:   United States  North America  Kansas  Texas

INDUSTRY KEYWORDS:

The article Circle Star Energy Announces Initial Production In Kansas originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners