Trap Oil begins operations on Niobe exploration prospect
Oil and gas exploration company Trap Oil has begun operations Niobe exploration prospect in the North Sea.
FTSE AIM All-Share
728.67
15:45 15/11/24
n/a
n/a
Jersey Oil and Gas
64.33p
13:50 15/11/24
-3.98%
-2.67p
Oil & Gas Producers
8,043.72
15:45 15/11/24
1.32%
105.17
Drilling is expected to last approximately 31 days in the dry hole case.
The other partners on the licence are Suncor Energy UK, with a 49.5% interest and Norwegian Energy with 22.5%.
Trap Oil's shares had soared 46% to 0.46p by 10:46.