SOURCE: IO NewsWire

April 10, 2012 07:00 ET

Oil Stocks: Circle Star Energy Well Positioned With Majors in Kansas and Texas

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO NewsWire

NEW YORK, NY--(Marketwire - Apr 10, 2012) - Investment opinion highlighting Apache Corp (NYSE: APA), Chesapeake Energy Corp (NYSE: CHK), EnCana Corp (NYSE: ECA) and Circle Star Energy Corp (OTCBB: CRCL). Circle Star Energy, an Oil and Gas exploration and production company which recently announced interests in the Mississippian Limestone formation in southern Kansas, is positioning itself to capitalize on new land leases in Kansas and Texas while enjoying a strong relationship with major operating partners Apache Corp (NYSE: APA), Chesapeake Energy (CHK), and EnCana (NYSE: ECA). Circle Star's recent acquisition encompasses lands in both Trego and Gove counties in Kansas. The area is located within a segment of the oil-rich Mississippian Limestone formation known as the "Mississippian Extension."

The Mississippian Lime's low sulfur "sweet crude" is one of the most cost efficient resource plays onshore. Tom Ward from SandRidge Energy, the largest Mississippian Leaseholder, said in his last analyst call, "We believe the Mississippian Lime is the most capital-efficient play in the U.S." He was also quoted in World Oil Magazine stating, "We compare the scope of this play to the Bakken and believe it will be transformational to the Mid-Continental oil industry."

In Kansas, Circle Star Energy is well positioned close to major players SandRidge Energy and Chesapeake Energy (NYSE: CHK) and is aiming to Joint Venture or farm-out its deeper Mississippian Limestone. In addition, Circle Star is active in Texas with royalty and non-operating interests and mineral interests in certain oil and gas properties through deals with asset operators Apache Corp (NYSE: APA), Chesapeake Energy (NYSE: CHK), and EnCana (NYSE: ECA).

For more information regarding operations, land leases, and partnerships involving Circle Star Energy visit: www.circlestarenergy.com.

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