Trap Oil Group plc

Completion of the disposal of interests

RNS Number : 9620U
Trap Oil Group plc
09 December 2013
 



 

Trap Oil Group plc

("Trapoil" or the "Company")

Completion of the disposal of interests in Knockinnon, Lybster and certain other assets to Caithness Oil Limited

Trapoil (AIM: TRAP), the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf ("UKCS") announces, further to the announcement of 9 September 2013, that all the outstanding conditions precedent to the disposal of its interests in Knockinnon, Lybster and certain other assets to Caithness Oil Limited (the "Disposal") have now been satisfied.

As such, Trapoil has been issued 4,084,198 shares in IGas Energy Plc (adjusted to take account of working capital movements).

The terms of the Disposal otherwise remain unchanged from those set out in the announcement of 9 September 2013.

 

Enquiries:

 

Trap Oil Group plc

 

Mark Groves Gidney, CEO

 

Tel:  020 3170 5586

www.trapoil.com

 

Strand Hanson Limited

James Harris

Matthew Chandler

James Spinney

 

Tel:  020 7409 3494

FirstEnergy Capital LLP

Hugh Sanderson

David van Erp

 

Tel:  020 7448 0200

 




Mirabaud Securities LLP

Peter Krens

 

Tel:  020 7321 2508




Cardew Group

Shan Shan Willenbrock

Lauren Foster

 

Tel:  020 7930 0777

[email protected]

**ENDS**

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DISDMMGZKVKGFZM