COP CIRCLE OIL PLC ORD EUR0.01

CIRCLE OIL Currency GBX

Income Statement (£ m)	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08	31-Dec-07
Continuing Operations
Revenue	37.29	28.35	9.34	0.00	0.00
Operating Profit/(Loss)	12.85	8.04	-0.21	-11.24	-1.87
Net Interest	3.30	2.82	1.82	1.92	0.95
Profit Before Tax	16.50	6.64	-8.33	-7.33	-1.36
Profit After Tax	16.48	6.62	-8.36	-7.35	-1.36
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	16.48	6.62	-8.36	-7.35	-1.36
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	16.48	6.62	-8.36	-7.35	-1.36

Continuing EPS
Earnings per Share - Basic	2.93p	1.40p	-2.26p	-3.16p	-0.84p
Earnings per Share - Diluted	1.94p	1.39p	-2.26p	-3.16p	-0.84p
Earnings per Share - Adjusted	2.93p	1.40p	-2.26p	-3.16p	-0.84p
Continuing and Discontinued EPS
Earnings per Share - Basic	2.93p	1.40p	-2.26p	-3.16p	-0.84p
Earnings per Share - Diluted	1.94p	1.39p	-2.26p	-3.16p	-0.84p
Earnings per Share - Adjusted	2.93p	1.40p	-2.26p	-3.16p	-0.84p

Dividend per Share	0.00p	0.00p	0.00p	0.00p	0.00p

Balance Sheet (£ m)	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08	31-Dec-07
Assets
Non-Current Assets
Property, Plant & Equipment	81.31	62.29	46.37	0.21	0.15
Intangible Assets	34.19	25.38	12.97	45.14	13.19
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	0.00	0.00	0.00	0.00	0.00
	115.50	87.66	59.34	45.36	13.34
Current Assets
Inventories	0.02	0.09	0.06	0.00	0.00
Trade & Other Receivables	25.84	12.36	8.53	0.63	0.12
Cash at Bank & in Hand	9.26	30.09	13.81	22.40	14.80
Current Asset Investments	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	35.11	42.54	22.40	23.04	14.92

Total Assets	150.61	130.21	81.73	68.39	28.25

Liabilities
Current Liabilities
Borrowings	-17.90	0.00	0.00	0.00	0.00
Other Current Liabilities	-11.99	-4.79	-9.15	-7.29	-4.06
	-29.89	-4.79	-9.15	-7.29	-4.06

Net Current Assets	5.22	37.75	13.24	15.74	10.86

Non-Current Liabilities
Borrowings	0.00	-15.57	-13.34	-13.21	-8.66
Provisions	-0.17	-0.56	-0.28	0.00	0.00
Other Non-Current Liabilities	-1.85	-7.82	-8.91	-2.80	-5.76
	-2.02	-23.95	-22.52	-16.01	-14.41

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-31.91	-28.74	-31.67	-23.30	-18.47

Net Assets	118.70	101.47	50.06	45.09	9.78

Capital & Reserves
Share Capital	5.20	5.16	3.54	3.29	1.07
Share Premium Account	107.51	106.72	63.91	53.76	12.81
Other Reserves	4.28	4.25	3.71	2.18	1.02
Retained Earnings	1.70	-14.66	-21.10	-14.14	-5.11
Shareholders Funds	118.70	101.47	50.06	45.09	9.78

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	118.70	101.47	50.06	45.09	9.78

Ratios - based on IFRS	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08	31-Dec-07
Continuing Operations
PE Ratio - Adjusted	6.87	24.82	-13.16	-4.03	-27.68
PEG - Adjusted	0.06	-0.15	0.47	-0.01	n/a
Earnings per Share Growth - Adjusted	109.29%	-161.79%	-28.24%	276.94%	n/a
Dividend Cover	n/a	n/a	n/a	n/a	n/a
Revenue Per Share	6.62p	5.99p	2.53p	0.00p	0.00p
Pre-Tax Profit per Share	2.93p	1.40p	-2.26p	-4.50p	-0.83p
Operating Margin	52.78%	32.99%	-70.69%	n/a	n/a
Return on Capital Employed	19.30%	10.26%	-12.85%	-41.10%	-7.70%

Continuing & Discontinued Operations
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Dividend per Share Growth	n/a	n/a	n/a	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	15.00p	13.51p	8.99p	-0.01p	-2.09p
Net Gearing	7.28%	-14.31%	-0.95%	-20.39%	-62.84%

Data is provided by Morningstar

CIRCLE OIL - Fundamentals