SOURCE: Century Capital Markets

May 23, 2012 08:00 ET

US Oil Imports Will Drop 20% by 2025

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the CENTURY CAPITAL MARKETS.

NEW YORK, NY--(Marketwire - May 23, 2012) - The following is an investment opinion highlighting Circle Star Energy Corp. (OTCBB: CRCL), Devon Energy Corp. (NYSE: DVN), BP (NYSE: BP) and SandRidge Energy (NYSE: SD). The US Energy Information Agency says US oil imports will drop 20% by 2025, while oil giant BP (NYSE: BP) projects that the US will get 94% of its energy domestically by 2030.

This increase in domestic oil will be led by the resurgence of oil coming out of states like Kansas and North Dakota. The U.S. is already the world's fastest-growing oil and natural gas producer. Counting the output from Canada and Mexico, North America is "the new Middle East," Citigroup analysts declare in a recent report. Companies like SandRidge (NYSE: SD) and Devon Energy (NYSE: DVN) are scooping up land in both states, using new horizontal drilling technology in proven areas to extract oil long believed to be inaccessible.

Circle Star Energy (OTCBB: CRCL) who has recently acquired 175,000 net acres in the now booming Kansas area, is planning to exploit the shallow 4500' Kansas City-Lansing sub-formation at an estimated cost to drill and complete of approximately $500K per well. The company recently secured a $750,000 equity financing whereby the proceeds will be used for acquisition capital. Additionally the Company will look to Joint Venture or farm-out the deeper Mississippian Limestone formation of its Kansas properties. For more information, visit www.circlestarenergy.com

This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Information, opinions and analysis contained herein are based on sources deemed to be reliable and are subject to change without notice. A third party has hired and paid Century Capital Markets one thousand two hundred and ninety five dollars for the publication and circulation of this news release. Accordingly, certain information included herein may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. However, no representation, expressed or implied, is made as to the accuracy, completeness or correctness. In light of the above, we accept no liability for any losses arising from an investor's reliance on or use of this report. We do not and have not had any ownership interest in said third party of any kind.

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