In a recent update announcement by Circle Star, the Lynd 36-1 is pumping out 10 barrels of oil per day. Initial daily rates were 20 – 25 barrels, as the norm when pumping oil at start. Now with a steady stream of 10 Barrels a Day, we can start looking at the long term picture for this well…let’s not forget they have another drill that is producing a steady stream as well.

Circle Star Energy production is moving along nicely.

With two wells, The Lynd 36-1 and The Lynd 36-2, Circle Star is already producing approximately 10 barrels of oil per day...and this is just for one well! Of course, this doesn't even include the initial daily oil rates of 20-25 barrels of oil per day The second well is nearing its completion and at the same depth as the 36-1, we can expect at least the same amount of production.

Circle Star Energy Corp. (CRCL) announced that, through their continuing financing commitment, they’ve received funds to move forward with their second well, the Lynd 36-2, in Trego County, Kansas.

Drilling operations for the Lynd 36-2 well are scheduled to begin the first week of February.

Circle Star Energy (CRCL) is on a roll…and when we said in September the .20 share price was a big buying opportunity…it has been one of our best performers since.

It’s still thinly traded…but NEXT time some lunatic sells some a clump of shares and spikes it down...take advantage!

First they announced permits to drill in Trego County, Kansas. In conjunction with the approved drilling permit, CRCL contracted a drilling rig slotted to drill in December.

CircleStar Energy is moving quickly from a junior player to a major force in what NBT and others are now calling "The Next Bakken Oil Play"—the Kansas Mississippian resource in Northwest Kansas and Oklahoma. Today they announced several transactions totaling approximately 111,000 net acres to the Company that, in addition to the previously announced 64,000 acre leasehold in Gove and Trego counties, take the Company's total contracted Northwest Kansas acreage position at approximately 175,000 net acres.

Tom Ward, Chairman and Chief Executive Officer of SandRidge Energy Inc. (SD), talks about the revolution of horizontal oil wells in Oklahoma and Kansas. (Video)

Mississippian Lime is the highest rate of return play in the United States according to SandRidge.

We are launching coverage of CircleStar Energy, Inc. with a Strong Buy-Speculative Rating at a $7.50 DCF Valuation on 45MM shares (fully diluted) @3,000 BOE daily production by end of 2014 @$75 net revenue per barrel. In the last 45 days, CRCL has secured 71,500 acres in the oil-rich Mississippian Limestone formation (known as the "Mississippian Extension"). In our opinion this Mid-Continent Mississippian Limestone carbonate reservoir is the "next big thing" oily resource play in the rapidly expanding onshore US oil E&P; renaissance.