Trapoil report that operations have commenced on the Romeo (Licence P.1666, Block 30/11c) exploration prospect (Romeo) (Trapoil 12.5 per cent. carried interest). Romeo is a four-way dip closure mapped at Base Cretaceous Unconformity with Fulmar sands as the reservoir objective, and with best estimate gross prospective resources for the entire prospect of approximately 44 million barrels of oil equivalent (mmboe) (3.3mmboe 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 15,180 feet Measured Depth Below Rotary Table (MDBRT) or 15,095 feet True Vertical Depth Sub Sea (TVDSS).

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