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Another winner from P. His/her Jan post:

Picked up a load of stock under 14.5p today, lovely jubbly.

Scotney well next, spudding late Jan and due to result end of Feb.

P50 would be worth 18p a share to TRAP on oil discovery - not long to wait.


Very rare you get a stock like this, over 2m pounds a month in revenue, tax free for some time. Over 6.5m cash in the bank, free carried on drills to first oil and 3 drills coming, 1 high impact (Scotney) 1 normal (Magnolia) and then 1 very high impact (Crazy Horse).

Just shows how stupid people are if they sell this below 14.5p but then again, if they do not sell I cannot buy, and buy I did :)

6 weeks to next well result

Trapoil widens annual losses, blames impairments
Thu 28 Mar 2013



LONDON (SHARECAST) - Trapoil on Thursday posted an annual loss as the oil and gas explorer was hit by impairment charges from unsuccessful licences in the UK.

The group widened its 2012 loss before tax to £10.9m from the previous year’s £4.5m, reflecting a non-cash impairment charge of £6.8m after relinquishing Inverewe, Lytham and Sienna licences and the Magnolia exploration well in the UK.

Technical and employment costs of developing projects to the drilling stage also impacted results.

Nevertheless, Trapoil generated £1.7m revenue, compared to £0.8m in 2011, driven by partnerships with Suncor and Noreco and production income from the Lybster field in the North Sea. First oil production of 50,027 barrels was achieved from Lybster.

Cost of sales of £9.8m were incurred in supporting assets including Lybster, up from £0.8m the year before.

"In a very challenging industry and market environment, Trapoil has successfully established strong foundations for further growth via the sizeable corporate, asset and financing transactions executed since its IPO [initial public offering]," said Chief Executive Officer Mark Groves Gidney.

"We will endeavour to commercialise our existing discoveries and continue to build exciting exploration programmes as we look forward to the further opportunities ahead."

Shares fell 3.51% to 13.75p at 11:06 Thursday.

Mining and Resource Investor Evening - London - 23rd January 2014



The Shares Magazine 'Mining and Resources Investor Evenings' have now become firmly established in investors diaries, so we are proud to offer you another chance to meet, hear from and ask questions of key senior management figures from carefully selected companies in the mining, oil and gas sector.

This event offers an unique opportunity not only to hear about the latest plans from some of the most exciting companies in the sector, but also to put your questions to the people that matter. What is more, there is a free drinks and canapés reception where you can mingle with industry leaders and your fellow investors. Make sure you don't miss this unique opportunity to get the answers you need from the people who make the market.

The evening conference is tailor-made for private investors and professionals who already have exposure to mining and resources stocks, or anyone who is considering putting money to work in these exciting and dynamic industries.

Tickets are completely free but places are strictly limited so register now.



REGISTER NOW FOR LONDON EVENT ON 23rd JANUARY 2014



Date: Thursday 23rd January 2014

Venue: Novotel Tower Bridge, 10 Pepys Street, London EC3N 2NR

Registration: 6.00pm

Presentations: 6.30pm followed by a drinks/canapés reception

Companies Presenting:



Alecto Minerals (AIM:ALO)

Alecto Minerals Plc is an African focussed, gold and base metal exploration and development company listed on AIM.

The on-going development of the Kossanto Gold Project in Mali is the Company’s predominant focus and with significant value upside potential evident across the tenure, the Board plans to build on its current resource of 2.35 million tonnes at a grade of 1.42 g/t in the near term. Alecto also has a joint venture with Centamin over two prospective gold exploration licences in Ethiopia which sees Alecto retain exposure to the assets with no capital expenditure, as well as the wholly owned Wad Amour IOCG Project in Mauritania which is at exploration status. Combined, these projects provide the Company with a strong, diversified portfolio with exciting exploration upside potential.

Speaker: Mark Jones, CEO


FASTNET OIL & GAS (AIM:FAST)

Fastnet Oil & Gas (AIM:FAST) is an independent oil and gas exploration company focused on early stage exploration and appraisal opportunities in Africa and Ireland. Fastnet has a highly experienced management team with a proven track record of generating significant shareholder value in the oil and gas industry. The Company has moved quickly to assemble an exciting portfolio of exploration prospects offshore Morocco and in the Celtic Sea, offshore Ireland.

To see a short video from Managing Director Paul Griffiths covering the investment opportunity planned for Morocco click on link below:

http://reut.rs/1b9fsPe

Speaker: TBA


Trap Oil (AIM:TRAP)


Trap Oil Group Plc was founded in 2008 by a team of experienced industry executives with a broad range of oil and gas technical, operational and financial expertise and professional skills.

Trapoil has developed long term relationships with key oil industry partners and major suppliers and consultants including CGG Services (UK) Limited ("CGG") and Applied Drilling Technology International.

The Company utilises a research-led, knowledge-based approach to identify and deliver promising exploration and appraisal opportunities, and to this end has secured extensive long-term access to CGG's state of the art 3D seismic database over the majority of the Central North Sea area on negotiated terms. CGG is a leading pure-play geophysical services and equipment provider. Access to such 3D seismic data serves to strengthen the Group's ability to create opportunities on both open and held acreage in the UKCS.


MORE COMPANIES TO BE ANNOUNCED

REGISTER NOW FOR LONDON EVENT ON 23rd JANUARY 2014

Begging bowl out soon.