20th Feb 2014 11:18
20 February 2014
Trap Oil Group plc
("Trapoil" or the "Company")
Director's Dealing
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, was yesterday notified of the following sale of ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") on 19 February 2014 today by a director of the Company:
Director | Number of Ordinary Shares sold | Price per Ordinary Share sold (pence) | Resultant holding of Ordinary Shares | % of issued share capital |
Mr. Miles* Newman, Non-Executive Director | 11,601,700 | 9 | 11,601,702 | 5.11% |
* Miles Newman and his wife are jointly interested in the shares detailed above.
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 van Erp
| Tel: 0207 448 0200
|
Cardew Group | Shan Shan Willenbrock Lauren Foster
| Tel: 0207 930 0777 |
**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 and major suppliers and consultants including CGG Services (UK) Limited ("CGG") and Applied Drilling Technology International.
· 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 CGG's state of the art 3D seismic database over the majority of the Central North Sea area on negotiated terms. CGG 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.
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