Limerick-based Circle has announced a record profit of $25.6m and Tullow discovers oil in Cote D'Ivoire.
The record financial results were due to increased production and higher oil and gas prices.
In its announcement it said that the company has had 100% success in six well Egyptian drilling campaign comprising three producing and three water injection wells.
A water injection programme is also underway in Egypt which is aimed at improving recoverability - current daily production rate has reached c. 10,000 bopd (gross).
A drilling campaign in Morocco in 2010-2011 with five wells drilled and four successfully tested for gas, with one well still to be tested has helped with its success.
Tullow discovers oil in Cote D'Ivoire
Tullow quoted and headquartered in London but with a substantial Irish shareholder base and significant operations in Ireland has discovered oil at a well in Cote D'Ivoire.
It says that the Paon-1X exploration well in the CI-103 licence offshore Côte d'Ivoire has intersected good quality light oil in a Turonian fan system.
Paon-1X is the first deepwater exploration well drilled in the CI-103 licence and has encountered 31 metres of net oil pay in a gross interval of 74 metres of turbidite sands.
Following completion of logging operations, the well will be suspended for possible future use in appraisal and development operations.
Tullow (45%) operates the CI-103 licence and is partnered by Anadarko Petroleum (40%) and the Societé Nationale d'Opérations Pétrolières de Côte D'Ivoire (Petroci) (15%).
