Trapoil, the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf region of the North Sea, is pleased to provide the following update.

New Strategic Consortium Partners

TAQA Bratani UK Limited (TAQA Bratani), a subsidiary of Abu Dhabi National Energy Company PJSC ("TAQA"), and CIECO Exploration and Production UK Limited ("CIECO"), a wholly owned subsidiary of ITOCHU Corporation (ITOCHU) (together, the "Parties"), have entered into an arrangement with Trapoil to consider future exploration and appraisal opportunities during the Department of Energy and Climate Change's ("DECC's") forthcoming UK 28th Seaward Licensing Round (the "28th Round") (the "New Partnership"). This arrangement supersedes Trapoil's previous partnering arrangements with Norwegian Energy Company UK Limited and Suncor Energy UK Limited which expired on 31 December 2012.

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