Trapoil: Operations begin on Romeo exploration prospect

9/21/2012

Trapoil: Operations begin on Romeo exploration prospect

BY RAZAK MUSAH BABA

LONDON -- Trapoil, an independent oil and gas exploration and appraisal company, announced that operations have commenced on the Romeo Licence P.1666, Block 30/11c exploration prospect. Romeo best estimate gross prospective resources for the entire prospect of 44 to 3.3 MMboe net to Trapoil unaudited estimate by Trapoil's management.

The well is being drilled by the Awilco WilHunter rig and well operations are currently estimated to last 78 days in the dry hole case. The well will be drilled to an estimated total depth of 15,095 ft true vertical depth subsea.

The partners in License P.1666 are Suncor 50.625%, operator, Norwegian Energy 21.875%, First Oil and Gas 15.0% and Trapoil 12.5%. The well is being drilled as a joint well with License P.1816, Block 29/15a operated by Total E&P 100%.

Dow Jones Newswires

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