Jersey Oil&gas Regulatory News (JOG)

Trap Oil Group plc

("Trapoil" or the "Company")

First Production from Lybster Well

Trapoil (AIM: TRAP), the independent oil and gas exploration and appraisal company focused on the UK Continental Shelf ("UKCS") region of the North Sea, is pleased to announce that production has now commenced at its Lybster field situated on Block 11/24 - 3v2 (Licence P.1270) ("Lybster"), which is operated by Caithness Oil Limited ("Caithness").

The Lybster production facilities have been installed and commissioned and commercial arrangements are in place to truck and sell the oil produced to ConocoPhillips at its Immingham refinery. Lybster was put on production on 2 May 2012 and the initial truckloads are expected to arrive at the Immingham refinery today. A further announcement will be made in due course, with respect to the anticipated volumes and production profiles, once production from Lybster has stabilised.

Trapoil holds a 35 per cent. carried interest in the P.1270 licence which formed part of the asset portfolio of Reach Oil & Gas Limited ("Reach"), acquired by the Company in July 2011. From the date of first production, Caithness is entitled to recover all development and operating costs attributable to Trapoil's carried interest out of net revenue achieved from the sale of Trapoil's percentage interest share of the crude oil produced. Until such costs have been fully recovered, Trapoil will receive approximately 20 per cent. of net petroleum revenues attributable to its carried interest in Lybster.

Paul Collins, Chief Operating Officer of the Company, has reviewed and approved the technical information contained within this announcement in his capacity as a qualified person, as required under the AIM rules. Mr Collins holds a BSc (Hons) degree in Fuel & Energy Engineering from Leeds University and a post-graduate diploma in Offshore Mechanical Engineering from Robert Gordon's Institute of Technology and has over 28 years' experience in the oil and gas industry.

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**ENDS**

Notes to editors:

·; The Trapoil group was created in 2008 by a team of experienced industry executives with a broad range of oil and gas technical, operational and financial expertise and professional skills.

·; Trapoil has developed long term relationships with key oil industry partners, notably Suncor Energy Incorporated, Norwegian Energy Company ASA and Challenger Minerals (North Sea) Limited, and major suppliers and consultants including CGGVeritas Services (UK) Limited ("CGGVeritas"), Applied Drilling Technology International and Exploration Geosciences Limited.

·; The Company utilises a research-led, knowledge-based approach to identify and deliver promising exploration and appraisal opportunities, and to this end has secured extensive long term access to CGGVeritas' state of the art 3D seismic database over the majority of the Central North Sea area on negotiated terms. CGGVeritas is a leading pure-play geophysical services and equipment provider. Access to such 3D seismic data serves to strengthen the group's ability to create opportunities on both open and held acreage in the UKCS.