Trap Oil Group PLC announced the following changes to the composition of its board of directors. Simon Bragg is to be appointed as Non-Executive Chairman, succeeding Kevin Watts who is to step down as Chairman of the company with effect from 1 May 2014. Simon co-founded Oriel Securities Limited, a leading UK corporate and institutional broker, in 2002 and is currently its Chief Executive.

Having qualified as a Chartered Accountant at KPMG he then worked at Hoare Govett Limited, Cargill Financial Markets plc and HSBC Investment Bank plc before co-founding Oriel Securities Limited. Additionally, Miles Newman and Martin David have both informed the Board that they do not intend to seek re-election to the Board at the Company's forthcoming Annual General Meeting and accordingly will step down at that point. Martin will continue to be responsible for the Company's technical department and will become Managing Director of Trap Oil Limited, the company's main North Sea operating company, whilst Miles is leaving the Company to pursue other opportunities.