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Spread: 5.00 (5.556%)
Market Cap: £30.22m
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Directorate Change

28 Mar 2013 07:02

RNS Number : 0441B
Trap Oil Group plc
28 March 2013
 

 

Trap Oil Group plc

("Trapoil" or the "Company")

 

Directorate Change

 

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, announces the resignation of David Kemp, the Group's Finance Director. David will remain with the Group until 12 April 2013, during which time he will have effected a handover to John Church. John Church will assume the role and responsibilities of Interim Finance Director with effect from 13 April 2013 pending the appointment of a full time permanent replacement. John was involved as the Company's Finance Director at the IPO in March 2011 and is currently Financial Controller and Company Secretary. He has worked closely with David on all aspects of the Group's finances. He is a Chartered Accountant with over 30 years experience across a wide variety of industries.

 

Kevin Watts, Chairman of Trapoil, commented:

 

"David has made a substantial contribution to Trapoil and leaves the Group on a sound financial footing. We are understandably sad to see him leave but appreciate his desire to accept a significant posting with a major service provider to the oil and gas industry. We wish him every success in his future career."

 

**ENDS**

Enquiries:

Trap Oil Group plc

 

Mark Groves Gidney, CEO

 

Tel: 0203 170 5586

www.trapoil.com

 

Strand Hanson Limited

James Harris

Matthew Chandler

James Spinney

 

Tel: 0207 409 3494

Mirabaud Securities LLP

Peter Krens

 

Tel: 0207 321 2508

FirstEnergy Capital LLP

Hugh Sanderson

David van Erp

 

Tel: 0207 448 0200

 

Cardew Group

Shan Shan Willenbrock

Lauren Foster

 

Tel: 0207 930 0777

trapoil@cardewgroup.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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