Trapoil Experiences Setbacks at Scotney Well

Trapoil Faces Setbacks at Scotney Well

Trapoil , the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf (“UKCS”) region of the North Sea, announces that operations on the Scotney (Licence P.1658, Block 20/5b) exploration prospect (“Scotney”) have experienced certain operational and weather related delays.

As a consequence, the well is currently approximately 24 days behind schedule. The well is being drilled using the Awilco WilHunter rig to an estimated total target depth of 10,690 feet Measured Depth Below Rotary Table (“MDBRT”) or 10,580 feet True Vertical Depth Sub Sea (“TVDSS”).

The partners in Licence P.1658 are Suncor Energy UK Limited (28.75 per cent., operator),Norwegian Energy Company UK Limited (43.75 per cent.), First Oil and Gas Limited (15.0 per cent.) and Trap Oil Limited (12.5 per cent carried interest).

Press Release, March 27, 2013