March 2011

Cardew Group advises on Trap Oil IPO

Trap Oil Group has been advised by the Cardew Group on its listing on AIM – the first AIM IPO of 2011.

They successfully raised £60m through the offering which it is understood will be used for exploring and developing oil prospects in the North Sea. Cardew Group also now becomes Trap Oil’s retained adviser.

Trap Oil is an independent oil and gas exploration and appraisal business with a geographic focus on the UK Continental Shelf (“UKCS”) region of the North Sea.

Contacts:  Rupert Pittman, Shan Shan Willenbrock and Sophie Leigh-Pemberton.