Circle Star Energy Receives Funding for 3D Seismic Shoot & Enters Into Letter of Intent
FORT WORTH, Texas--(BUSINESS WIRE)-- Circle Star Energy Corp. (OTCBB: CRCL)announced today that it has entered into a letter of intent (LOI) with it's previously announced working interest partner to shoot 3D seismic in Trego County, Kansas.
Under the terms of the LOI, CRCL has received funding to shoot 3D seismic covering approximately 1,360 acres. Based on the results of the 3D seismic shoot, CRCL will proceed to negotiate a definitive agreement for further drilling and development of its Trego County acreage if seismic results warrant further drilling and development. The seismic shoot is scheduled to begin within the next 30-45 days weather permitting.
About Circle Star Energy Corp.
Circle Star Energy Corp. is a performance-driven exploration & production company.
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KEYWORDS: United States North America Kansas Texas
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