Magnolia Well Result

Trap Oil Group plc

("Trapoil" or the "Company")

Magnolia 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 25 February 2013, operations are now being concluded on the Magnolia (Licence P.1610, Block 13/23a) exploration prospect. The exploration well was drilled to its target depth of approximately 5,028 feet Measured Depth Below Rotary Table ("MDRT") or 4,920 feet True Vertical Depth Sub Sea ("TVDSS") and as such has fulfilled the licence obligation.

The well achieved its primary targets, being the Captain, Coracle and Punt sandstones within the Lower Cretaceous interval, however no significant hydrocarbons were encountered. Accordingly, there are no plans to conduct a drill stem test and the well is to be plugged and abandoned.

The partners in Licence P.1610 are Dana Petroleum (BVUK) Limited (45.0 per cent., operator), Summit Petroleum Limited (25.0 per cent.), Atlantic Petroleum UK Limited (20.0 per cent.) and Trap Oil Limited (10.0 per cent. carried interest).

Enquiries:

**ENDS**

Martin David, Technical Director of the Company, has reviewed and approved the technical information contained within 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.

Notes to editors:

·; The 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 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.