New chairman for Circle Oil

Circle Oil, the international oil and gas exploration, development and production company, appointed Stephen Ian Jenkins as its chairman with effect from 6 January 2014.
Steve was employed by Nautical Petroleum from April 2005 to December 2012 and was CEO from April 2005 to August 2012, during which period he led Nautical through the AIM listing process in 2005. This was followed by a successful drilling programme in the North Sea, which featured a number of important oil discoveries and appraisals (including Kraken, Greater Catcher and Mariner), several fund raising and capital events and, in August 2012, the successful sale of Nautical to Cairn Energy for GBP 414M.
Prior to this, he was a consultant for Nautical AG/Masefield AG where he was a founding member of the Nautical AG management team who identified and successfully applied for Kraken block (9/2b) as operator in the UK Continental Shelf 21st licensing round.

Commenting on the appointment, Chris Green, the CEO of Circle, said, “In Steve Jenkins we have a highly qualified and respected new chairman. I look forward to working with Steve as we enter an exciting time for Circle and its stakeholders”

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