Trap oil- A very interesting downloadWe have a fairly good idea on the seller(Dyas) How about the buyer Trap?
Trap Oil is no Mickey Mouse operation by any stretch.This crew are HIGH ROLLERS and as you can see, no strangers to the Moray Firth (Ithaca Country). I wonder if they have their sights set on any more IAE acreage.
This story,IMVHO) is turning into a tough Nut to crack for the regular retail investors. Opinions are like Belly Buttons,every body has one,but they are all different.
1267 Blocks 12/25a & 13/21b (Surprise). Licence P.1701 Block 12/22b and P.1723 Block 12/23b (String of Pearls)
Blocks 12/19b, 12/20b, 12/24a, 12/25a and 13/21b are located in the Moray Firth. Trapoil has acquired a 5% working interest in the blocks. The blocks are operated by KNOC and contain the Surprise and Nutmeg undeveloped discoveries.
Blocks 12/22b and 12/23b are located in the Moray Firth. Trapoil has acquired a 50% working interest and subsurface operatorship. Blocks 12/22b and 12/23b contain a series of stacked pay prospects, mapped as independent structural closures, which are analogous to the nearby Surprise discovery. Trapoil envisages that drilling activity will take place in this acreage in 2013.