JOG Jersey Oil And Gas Plc

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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