Trap Oil Group plc Niobe prospect update (4442P)

TIDMTRAP

RNS Number : 4442P

Trap Oil Group plc

08 June 2015

Trap Oil Group plc

("Trapoil")

Update re. Niobe prospect

Trapoil (AIM: TRAP), the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf ("UKCS") region of the North Sea, is pleased to announce that operations have commenced on the Niobe (Licence P.1889, Blocks 12/26b & 27) exploration prospect ("Niobe").

The well is being drilled using the ENSCO 100 jack up rig and well operations are currently anticipated to last approximately 31 days in the dry hole case.

The ENSCO 100 rig left Dundee shipyard on 4 June 2015 and is currently under tight tow to the Niobe prospect location.

The partners in Licence P.1889 are Suncor Energy UK Limited, operator (49.5 per cent. equity interest), Norwegian Energy Company UK Limited (22.5 per cent. equity interest) and Trap Oil Limited (28 per cent. equity interest, of which 2.5 per cent. is a carried interest).

Enquiries:

 
 Trap Oil Group   Scott Richardson Brown,   Tel: 020 3691 
  plc              Finance Director          2015 
                                             www.trapoil.com 
 Strand Hanson    James Harris              Tel: 020 7409 
  Limited          Matthew Chandler          3494 
                   James Spinney 
 FirstEnergy      Hugh Sanderson            Tel: 020 7448 
  Capital LLP      David van Erp             0200 
 Cardew Group     Shan Shan Willenbrock     Tel: 020 7930 
                   Tom Horsman               0777 
                                             trapoil@cardewgroup.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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