LONDON – Independent oil company Trapoil (AIM: TRAP) plans to rename itself Jersey Oil and Gas.
Andrew Benitz will head a new team as CEO, supported by Ronald Lansdell as COO.
The company’s strategy will be to maintain, develop, and exploit North Sea interests with a greater focus than previously on producing.
Additionally, it will seek potential acquisitions of other North Sea oil and/or gas producing interests, some of which have been identified and are the subject of commercial negotiations.
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