Circle Oil has announced that the Al Amir SE-1 sidetrack well has been drilled in the onshore North West Gemsa Concession in Egypt. The Company has confirmed a discovery in the Kareem Formation sandstones, with the well testing 41 degrees API oil and gas at sustained rates of 3,388 bopd and 4.25 MMscfd using a 64/64" choke. The well, which had been sidetracked after operational difficulties, is currently being completed as a potential producer. A full technical evaluation of all the results is underway to permit forward planning as a precursor to further assessment of the resource. An Assessment of Reserves has not yet been completed. The North West Gemsa Concession partners include Vegas Oil and Gas (50% interest and Operator), Circle Oil plc (40% interest) and Premier Oil plc (10% interest)...more...