Circle closes Gemsa farm-in

  • Circle closes Gemsa farm-in

    Circle closes Gemsa farm-in

    Thursday, 31st January 2008
    London-listed Circle Oil has farmed into a 40% stake in Egypt’s North-West Gemsa Block under a deal with local company Vegas Oil & Gas. The concession covers 400 square kilometres about 300 kilometres south-east of Cairo in the Suez basin.