Trapoil provides a corporate and operational update.
Licence P.1293, Block 14/18b - Athena Oil Field (Athena)
The Athena Oil Field (Athena), in which Trapoil holds a 15 per cent. equity interest, has stabilised at gross production rates of approximately 4,800 bopd (720 bopd net to Trapoil) following the work over on the P4 production well and further intervention work on the P1 and P3 production wells.
28th Seaward Licensing Round
The Company, in the 28th Seaward Licensing Round, was awarded Licence P2170, Blocks 20/5b and 21/1d with consortium partner CIECO Exploration and Production (UK) Limited where each party currently has a 50 per cent. interest.