Circle Oil PLC (Circle) is an oil and gas exploration company. The Company is engaged in oil and gas exploration, development and production in North Africa and the Middle-East with oil production in Egypt, gas production in Morocco and exploration assets in Morocco, Tunisia and Oman. It operates within two geographical markets: Africa and the Middle East. During the year ended December 31, 2011, it drilled six wells. A 5,027 line kilometer two-dimensional (2D) seismic programme for Block 52 was completed in February 2011. As of December 31, 2011, Circle had interests in three exploration licences in Tunisia, the Mahdia permit (offshore), Ras Marmour and Grombalia permits (both onshore). As of December 31, 2011, it operated two concessions in Oman, the onshore Block 49 and the offshore Block 52. Circle holds a 70% working interest in Mahdia permit.