Last checked at 8 Jun 2015 07:00
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 plc
| Scott Richardson Brown, Finance Director | Tel: 020 3691 2015 www.trapoil.com
|
Strand Hanson Limited | James Harris Matthew Chandler James Spinney
| Tel: 020 7409 3494 |
FirstEnergy Capital LLP | Hugh Sanderson David van Erp
| Tel: 020 7448 0200
|
Cardew Group | Shan Shan Willenbrock Tom Horsman | Tel: 020 7930 0777 trapoil@cardewgroup.com |