  We study the evolution of strings in the equatorial plane of a Kerr-Newmann
black hole. Writting the equations of motion and the constraints resulting from
Hamilton's principle, three classes of exact solutions are presented, for a
closed string, encircling the black hole. They all depend on two arbitrary
integration functions and two constants. A process of extracting energy is
examined for the case of one of the three families of solutions. This is the
analog of the Penrose process for the case of a particle.
