Circle Star Energy Announces Initial Production In Kansas

FORT WORTH, Texas--(BUSINESS WIRE)--Circle Star Energy Corp. (OTCBB: CRCL) provided an update regarding their first operated well in Trego County, Kansas.

“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.”

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 36-1 was 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.

About Circle Star Energy Corp.

Circle Star Energy Corp. is a performance-driven exploration & production company that is developing exposure to high-impact, large scale oil & gas plays via operated and non-operated positions; while establishing and building a base of low-risk, solid return and operated working interests.

For more information on CRCL, please visit www.circlestarenergy.com/investors/stock-information.

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