Circle Star Energy $CRCL
COMPANY SUMMARY
Circle Star Energy Corp. (the “Company” or “CRCL”) is a publicly listed oil and gas exploration and production company whose shares are traded over-the-counter (OTC: CRCL).
Based in Fort Worth, Texas, the company’s assets include producing and non-producing oil and gas mineral interests, royalty interests, and non-operated working interest located throughout the western south central states.
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Kansas Could Be Holding 15 Billion Barrels of Oil
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the CENTURY CAPITAL MARKETS.
May 30, 2012 7:00:00 AM
NEW YORK, NY — (Marketwire) — 05/30/12 — The following is an investment opinion highlighting Circle Star Energy (OTCBB: CRCL), Sandridge Energy (NYSE: SD), Chesapeake (NYSE: CHK), and Range Resources (NYSE: RRC). In a CNN Money article discussing the resurgence of Kansas oil, companies are moving into the state and leasing large tracts of land, giving a major boost to local economies. Sandridge has estimated in the first quarter of this year alone, Kansas production has grown 23 percent.
Sandridge, who has the largest stake in Kansas with an estimated two million net acres, is followed by some larger players like Chesapeake (NYSE: CHK) with over one million net acres, Range Resources (NYSE: RRC) with forty five thousand net acres and junior companies like Circle Star Energy (OTCBB: CRCL) with one hundred seventy five thousand acres. Eagle Energy’s CEO Steve Antry has been quoted saying, “It’s probably the hottest play going in the country.”
Circle Star Energy has also made recent news with their $2.4 million dollar exercise of warrants and $750,000 equity raise. Both infusions of capital will help the company pay down debt and help fund possible acquisition needs. Circle Star CEO Jeff Johnson said, “This capital will be used in a prudent manner to expand the growth potential of Circle Star in our effort to generate shareholder value.” To find out more on Circle Star, visit http://www.circlestarenergy.com
Circle Star Energy Closes Acquisition of Approximately 14,000 Acres in Northwest Kansas
Jul 11, 2012 12:11:00 PM
FORT WORTH, TX — (Marketwire) — 07/11/12 — Circle Star Energy Corp. (OTCBB: CRCL) (the “Company” or “Circle Star”) an emerging development and production company with interests in several notable oil and gas plays in Texas and Kansas is pleased to announce two transactions resulting in the acquisition of leases totaling approximately 12,500 and 1,500 acres in Sheridan and Trego Counties, Kansas, respectively.
The acquired leasehold interests include 100% working interest and an average net revenue interest of approximately 80%. Additionally, the transactions include approximately 6.5 square miles of processed 3D seismic.
The consideration for the acquisitions includes a combination of cash and common shares of the Company for a total consideration of less than $130 per acre.
Jeff Johnson, CEO of Circle Star Energy, comments, “The acquisition of this leasehold acreage in Northwest Kansas is another step toward developing a meaningful position in a potential world-class oil play, which is still in the early stage of its life-cycle.” Johnson continues, “Over the past few months, we have seen several larger oil companies take acreage positions in and around our focus area. We look forward to drilling and developing these assets later this year, with the goal of providing short-term production growth and long term shareholder value.”
The common shares issued in connection with the acquisitions have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws.