Jersey Oil&gas Regulatory News (JOG)

Trap Oil Group plc

 ("Trapoil" or the "Company")

Statement re:share price movement

Trapoil (AIM: TRAP), the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf region of the North Sea, notes the recent rise in the Company's share price.

Further to the Company's final results announcement of 23 April 2015, the Company's directors, in conjunction with the Company's advisers, are continuing to urgently assess a number of potential funding sources, including the potential disposal of certain of the group's licence interests, and are in discussions with the group's principal creditors, shareholders and potential investors, however no firm decisions or conclusions have yet been reached and there can be no certainty that a viable funding solution will be forthcoming. The Directors continue to believe that, absent a viable funding solution, the Company currently only has adequate working capital to support its activities until early July 2015.

A further announcement will be made in due course as appropriate.

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**ENDS**