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Change of Auditors

26th Aug 2011 16:06

RNS Number : 1459N
Trap Oil Group plc
26 August 2011
 



 

Trap Oil Group plc

 ("Trapoil" or the "Company")

Change of Auditors

Trapoil (AIM: TRAP), the independent oil and gas exploration and appraisal company focused on the UK Continental Shelf ("UKCS") region of the North Sea, is pleased to announce that it has appointed PricewaterhouseCoopers LLP to replace TCP Chartered Accountants as auditors to the Company and its subsidiaries with immediate effect, following a competitive tender process.

The resignation letter received by the Company from TCP Chartered Accountants, included a statutory statement confirming that there are no circumstances connected with their ceasing to hold office as auditors that should be brought to the attention of members or creditors. The statutory statement is required under section 519(2) of the Companies Act 2006. The Board of Trapoil also confirms that there are no circumstances in respect of the change of auditors that needs to brought to the attention of shareholders.

Enquiries:

Trap Oil Group plc

 

David Kemp CFO

 

Tel: 0777 151 2692

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

Cardew Group

Rupert Pittman

Shan Shan Willenbrock

Sophie Leigh Pemberton

 

Tel: 0207 930 0777

[email protected]

**ENDS**

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, notably Suncor Energy Incorporated, Norwegian Energy Company ASA and Challenger Minerals (North Sea) Limited, 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
 
 
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