29 May 2014 15:55
Trap Oil Group plc
("Trapoil" or the "Company")
Result of Annual General Meeting
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 that resolutions 1 to 5 proposed at the Annual General Meeting held earlier today as set out in the Notice of Annual General Meeting dated 2 May 2014 were duly passed. Resolution 6 regarding the disapplication of pre-emption rights was, however, not passed.
A copy of the full presentation made to shareholders attending today's AGM is available to download from the Company's website at www.trapoil.com.
Enquiries:
Trap Oil Group plc
| Mark Groves Gidney, CEO
| Tel: 020 3170 5586 www.trapoil.com
|
Strand Hanson Limited | James Harris Matthew Chandler James Spinney
| Tel: 020 7409 3494 |
Mirabaud Securities LLP | Peter Krens
| Tel: 020 7321 2508 |
FirstEnergy Capital LLP | Hugh Sanderson David van Erp
| Tel: 020 7448 0200
|
Cardew Group | Shan Shan Willenbrock Lauren Foster
| Tel: 020 7930 0777 trapoil@cardewgroup.com |
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 and major suppliers and consultants including CGG Services (UK) Limited ("CGG") and Applied Drilling Technology International.
· The Trapoil 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 CGG's state of the art 3D seismic database over the majority of the Central North Sea area on negotiated terms. CGG 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.