Trap Oil Group plc Niobe Well Result (1525R)
25 6월 2015 - 3:00PM
UK Regulatory
TIDMTRAP
RNS Number : 1525R
Trap Oil Group plc
25 June 2015
Trap Oil Group plc
("Trapoil" or the "Company")
Niobe 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 08 June 2015, operations are now
being concluded on the Niobe (Licence P.1989, Blocks 12/26b &
27b) exploration prospect. The exploration well was drilled to its
target depth of 5,005 feet Measured Depth Below Rotary Table
("MDRT") or 4,871 feet True Vertical Depth Sub Sea ("TVDSS") within
the Late Jurassic Heather Formation and as such has fulfilled the
licence obligation.
The well achieved its primary target, being the Burns Sandstone
Member within the late Jurassic interval. The well penetrated good
quality sands with no significant hydrocarbons. There are no plans
to conduct a drill stem test and the well is to be plugged and
abandoned.
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).
Martin David, Technical Director of the Company, has reviewed
and approved the technical information contained in 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.
Enquiries:
Trap Oil Group Scott Richardson Brown, Finance Tel: 020 3691 2015
plc Director www.trapoil.com
Strand Hanson James Harris Tel: 020 7409 3494
Limited Matthew Chandler
James Spinney
FirstEnergy Capital Hugh Sanderson Tel: 020 7448 0200
LLP David van Erp
Cardew Group Shan Shan Willenbrock Tel: 020 7930 0777
Tom Horsman trapoil@cardewgroup.com
**ENDS**
This information is provided by RNS
The company news service from the London Stock Exchange
END
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