Al-Amir SE-5 flows for Circle Oil in Egypt

Oil and gas explorer Circle Oil said its Al-Amir SE-5 appraisal well in the onshore North West Gemsa Concession in Egypt had been successfully tested for production, sending its shares up 4%. Circle Oil, an AIM-listed company with assets in Egypt, Morocco, Namibia, Oman and Tunisia, said the extent of the reservoir in the area might now be slightly larger than originally mapped. The company also said the rig would now drill the Al-Amir SE-6 well, which is the fifth appraisal well in the Al-Amir SE discovery area.- Upstream