Stellar Energy Advisors Limited - Stellar News April 2011

Trap Oil Group; Farm-in to Summit's Orchid exploration Block 29/1c

UK North Sea

April 2011

Trapoil (AIM: TRAP), the independent oil and gas exploration and appraisal company focused on the UK Continental Shelf ("UKCS") region of the North Sea, is pleased to announce that it has recently entered into, subject to Department of Energy and Climate Change ("DECC") approval, a farm-in agreement with respect to Summit Petroleum Limited's ("Summit") Orchid exploration block 29/1c. In addition, the Company has also exercised, subject to DECC approval, options to increase its overall equity position in two of the assets held within its existing exploration portfolio.

Farm-in to Summit's Orchid exploration Block 29/1c
Trapoil has agreed to farm-in for a 10 per cent. working interest in Summit's Orchid exploration licence p1556 in Block 29/1c in the Central North Sea, in which an initial exploration well is currently scheduled to be drilled in Q3 2011 . The Orchid prospect is a four-way dip closure in the Tertiary and Chalk horizons with an attractive reserve/risk ratio and is located close to the producing Banff, Kyle, Bittern and Gannet group of fields. The current joint venture partners in licence P1556 are Summit as operator and Reach Exploration Limited, and Valiant Petroleum and Atlantic Petroleum have also recently announced they have reached agreement to participate in the Orchid exploration block 29/1c. Summit is the London based, wholly owned subsidiary of Sumitomo Corporation and Trapoil is delighted to be joining Summit as a partner.

Stellar acted as advisors to Summit Petroleum.

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Stellar News
Trap Oil Group; Farm-in to Summit's Orchid exploration Block 29/1c UK North Sea April 2011 Trapoil (AIM: TRAP), the independent oil and gas exploration and appraisal company focused on the UK Continental Shelf ("UKCS") region of the North Sea, is pleased to announce that it has recently entered into, subject to Department of Energy and Climate Change ("DECC") approval, a farm-in agreement with respect to Summit Petroleum Limited's ("Summit") Orchid exploration block 29/1c. In addition, the Company has also exercised, subject to DECC approval, options to increase its overall equity position in two of the assets held within its existing exploration portfolio. Farm-in to Summit's Orchid exploration Block 29/1c Trapoil has agreed to farm-in for a 10 per cent. working interest in Summit's Orchid exploration licence p1556 in Block 29/1c in the Central North Sea, in which an initial exploration well is currently scheduled to be drilled in Q3 2011 . The Orchid prospect is a four-way dip closure in the Tertiary and Chalk horizons with an attractive reserve/risk ratio and is located close to the producing Banff, Kyle, Bittern and Gannet group of fields. The current joint venture partners in licence P1556 are Summit as operator and Reach Exploration Limited, and Valiant Petroleum and Atlantic Petroleum have also recently announced they have reached agreement to participate in the Orchid exploration block 29/1c. Summit is the London based, wholly owned subsidiary of Sumitomo Corporation and Trapoil is delighted to be joining Summit as a partner. Stellar acted as advisors to Summit Petroleum.