8/30/2013
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Circle Star Energy (CRCL) Is On A Roll…and the Stock Price has Doubled From our BUY BUY BUY in September

Circle Star Energy (CRCL) is on a roll…and when we said in September the .20 share price was a big buying opportunity…it has been one of our best performers since.

It’s still thinly traded…but NEXT time some lunatic sells some a clump of shares and spikes it down...take advantage!

First they announced permits to drill in Trego County, Kansas. In conjunction with the approved drilling permit, CRCL contracted a drilling rig slotted to drill in December.

Then they announced a funding commitment from an industry partner to drill up to three wells located in Trego County, Kansas. They will drill up to 4,200 feet and test the Arbuckle, Kansas Lansing and other formations that are productive in the immediate area. CRCL will own a 25% working interest and a 20% net revenue interest until the well pays back the investor…then  CRCL will convert to a 43.75% working interest and a 35% net revenue interest after payout.

That means they get 35% of all the well proceeds for ZERO invested in drilling…a very good deal.

Located in Northwest Kansas, Trego County has a history of oil production, since its first oil boom discovery in the 1920s. According to the Kansas Geological Survey, Trego County has cumulatively produced 66,787,369 bbls to date from multiple formations. Drilling is scheduled to begin around December 10, 2012.

Then they announced funding for drilling in Northwest Kansas has been received and drilling operations for their initial well is planned to commence by December 10, 2012.

Jeff Johnson, CRCL CEO commented, “Circle Star Energy has been looking forward to these next phases of drilling operations. We are extremely pleased to have drilling funds in hand and look forward to drilling our first well in Kansas.”

We are too.  CRCL is in the right place at the right time for E&P in America. They are expanding their exposure in Northwest Kansas, which is also being pursued by other energy industry participants such as Chesapeake Energy Corp. (CHK), Encana Corp. (ECA), SandRidge Energy Inc. (SD) and Apache Corp. (APA).

For more information on CRCL’s unconventional resources initiative, please visit http://www.circlestarenergy.com/investors/stock-information.

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