Less Ads, More Data, More Tools Register for FREE

Pin to quick picksJersey Oil & Gas plc Regulatory News (JOG)

Share Price Information for Jersey Oil & Gas plc (JOG)

Share Price is delayed by 15 minutes
Get Live Data
98.00    0.00 (0.00%)
Bid:
0.00
Ask:
0.00
Spread: 4.00 (4.167%)
Market Cap: £32.01m
JOG Live PriceLast checked at - London Stock Exchange

Intraday Jersey Oil & Gas plc Share Chart

Scotney Well Update

12 Apr 2013 07:02

RNS Number : 1916C
Trap Oil Group plc
12 April 2013
 



 

 

 

Trap Oil Group plc

("Trapoil" or the "Company")

 

Scotney Well Result

 

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, further to the Company's announcement of 18 February 2013, operations are now being concluded on the Scotney (Licence P.1658, Block 20/5b) exploration prospect. The exploration well was drilled to its target depth of 10,600 feet Measured Depth Below Rotary Table ("MDRT") or 10,449 feet True Vertical Depth Sub Sea ("TVDSS") and as such has fulfilled the licence obligation.

The well achieved its primary target, being the Tweedsmuir Sandstone Member within the late Jurassic interval. The target interval is characterised on seismic data by strong amplitudes and was interpreted, prior to drilling, as representing the equivalents of the Tweedsmuir Sandstone Member. The well penetrated thin sands with no significant hydrocarbons overlying a number of limestone stringers. This interval is interpreted to be a distal equivalent to the Tweedsmuir sands. There are no plans to conduct a drill stem test and the well is to be plugged and abandoned.

The partners in Licence P.1658 are Suncor Energy UK Limited (28.75 per cent., operator), Norwegian Energy Company UK Limited (43.75 per cent.), First Oil and Gas Limited (15.0 per cent.) and Trapoil (12.5 per cent carried interest).

 

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 R. van Erp

 

Tel: 0207 448 0200

 

Cardew Group

Shan Shan Willenbrock

Lauren Foster

 

Tel: 0207 930 0777

trapoil@cardewgroup.com

**ENDS**

 

Martin David, Technical Director of the Company, has reviewed and approved the technical information contained within this announcement in his capacity as a qualified person under the AIM Rules. Mr David holds a BSc degree in Geology from the University of London and has over 37 years' experience in the oil industry.

 

 

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 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.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLDMGMDMMGGFZZ
Date   Source Headline
29th May 20264:20 pmRNSHolding(s) in Company
28th May 20264:25 pmRNSHolding(s) in Company
18th May 202611:30 amRNSHolding(s) in Company
15th May 20262:30 pmRNSHolding(s) in Company
12th May 20267:00 amRNSFinal Results & Notice of AGM
9th Apr 20263:30 pmRNSHolding(s) in Company
7th Apr 20263:00 pmRNSHolding(s) in Company
1st Apr 202612:30 pmRNSHolding(s) in Company
3rd Mar 20265:27 pmRNSHolding(s) in Company
3rd Mar 20265:25 pmRNSHolding(s) in Company - Amendment
3rd Mar 202612:10 pmRNSHolding(s) in Company
14th Jan 20267:00 amRNSCorporate Update
27th Nov 20257:00 amRNSUK Fiscal Update
11th Sep 20256:15 pmRNSDirector’s Dealing
4th Sep 20257:00 amRNSInterim Results
28th Jul 202511:49 amRNSHolding(s) in Company
24th Jul 20252:57 pmRNSHolding(s) in Company
24th Jul 202512:26 pmRNSHolding(s) in Company
18th Jul 202512:47 pmRNSHolding(s) in Company
27th Jun 202511:43 amRNSResult of AGM
4th Jun 20251:34 pmRNSHolding(s) in Company
28th May 20257:00 amRNSFinal Results & Notice of AGM
17th Mar 20257:00 amRNSGrant of Share Options
7th Mar 20254:46 pmRNSDirector's Dealing
7th Mar 20257:00 amRNSFPSO Update
3rd Mar 20257:00 amRNSCorporate Update
31st Dec 20247:00 amRNSRetirement of Non-Executive Director
19th Sep 20247:00 amRNSInterim Results
2nd Sep 20247:10 amRNSBuchan Project Update and Notice of Results
13th Aug 20244:30 pmRNSHolding(s) in Company
6th Aug 20243:44 pmRNSChange of Registered Office Address
30th Jul 20247:00 amRNSChanges to the Energy Profits Levy
5th Jun 20241:45 pmRNSResult of AGM
5th Jun 20247:00 amRNSAGM Update
13th May 20247:00 amRNSFinal Results for the Year Ended 31 December 2023
22nd Mar 20244:47 pmRNSTR-1: Notification of major holdings
26th Feb 20247:00 amRNSGBA Farm-Out Completion
19th Feb 20244:58 pmRNSTR-1: Form for notification of major holdings
31st Jan 20247:00 amRNSDirector’s Share Purchases and Issue of Equity
29th Jan 20247:00 amRNSCorporate Update
10th Jan 20247:00 amRNSDirector's Dealing
21st Dec 20235:10 pmRNSTR-1: Notification of major holdings
15th Dec 202310:51 amRNSExercise of Share Options
23rd Nov 20237:00 amRNSGBA Farm-Out to Serica Energy
17th Nov 20237:00 amRNSFPSO Acquisition
14th Sep 20237:02 amRNSChange of Auditor
14th Sep 20237:00 amRNSInterim Results
4th Jul 20237:05 amRNSP2170 "Verbier" Licence Extension
4th Jul 20237:00 amRNSSelection of GBA Development Solution
22nd Jun 20237:00 amRNSGBA Farm-Out Completion

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.