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Circle Star Energy Provides Initial Production in Kansas

Source: www.gulfoilandgas.com 3/6/2013, Location: North America

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 36-1was 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.

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