Trap Oil Group PLC announced that Simon Bragg is resigning his position as Chairman with immediate effect. Mark Groves Gidney, Chief Executive Officer and Paul Collins, Chief Operating Officer have also agreed to step down from the board on completion of an orderly transition period, expected to take approximately two months, Marcus Stanton, a Non-Executive of the Company, will assume the position of Non-Executive Chairman to oversee the transition process with immediate effect. The Board will continue to review the composition of the Board in light of the cost reduction strategy.