Wednesday 28 September 2016

Circle Oil taps Mitch Flegg as new CEO

Published 30/05/2015 | 02:30

Circle Oil has assets in Morocco, Tunisia, Oman and Egypt.
Circle Oil has assets in Morocco, Tunisia, Oman and Egypt.

Limerick-based Circle Oil has appointed oil industry executive Mitchell (Mitch) Flegg (54) as chief executive officer (CEO) and a director of the company with effect from June 1 next.

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He joins from Serica Energy, where he had been chief operating officer, responsible for all drilling and development operations since 2011, and a director since September 2012.

"We are delighted to have Mitch as our new CEO and a member of our board. He brings with him a wealth of experience and a strong operational mind-set. I am confident that Mitch will make a significant contribution to the future success of Circle Oil," Circle chairman Steve Jenkins said.

The new CEO will be based at London Stock Exchange-listed Circle Oil's operational headquarters in the UK. Its finance office is in Limerick and it has assets in Morocco, Tunisia, Oman and Egypt.

Mr Flegg has over 33 years industry experience at Schlumberger, Enterprise Oil and Shell as well as his time at Serica.

The appointment follows the departure of Professor Chris Green, the former Circle Oil CEO who announced his plans to resign last November and left the company in March.

Shares in Circle Oil closed flat yesterday at 49.62pence each in London. The business has a market capitalisation of £108.98m (€151m).

Irish Independent

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