Circle Star Energy Receives Funding for 3D Seismic Shoot & Enters Into Letter of Intent

Circle Star Energy Receives Funding for 3D Seismic Shoot & Enters Into Letter of Intent

FORT WORTH, Texas--(BUSINESS WIRE)-- Circle Star Energy Corp. (OTCBB: CRCL)announced today that it has entered into a letter of intent (LOI) with it's previously announced working interest partner to shoot 3D seismic in Trego County, Kansas.

Under the terms of the LOI, CRCL has received funding to shoot 3D seismic covering approximately 1,360 acres. Based on the results of the 3D seismic shoot, CRCL will proceed to negotiate a definitive agreement for further drilling and development of its Trego County acreage if seismic results warrant further drilling and development. The seismic shoot is scheduled to begin within the next 30-45 days weather permitting.

About Circle Star Energy Corp.

Circle Star Energy Corp. is a performance-driven exploration & production company.

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.
Jeff Johnson, +1 817-744-8502

KEYWORDS: United States North America Kansas Texas


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