Trap Oil aims to catch the eye of a suitor with half-year results

By DOMINIC JEFF

Published 23rd Sep 2012, 01:00 BST

NORTH Sea driller Trap Oil is hoping to “turn the head” of a potential suitor as it reports the benefit of its first producing asset this week.

The company’s interim figures, due on Wednesday, will be the first since its “transformational” acquisition of a 15 per stake in the Athena development in March.

The oil that started flowing in May from the field’s first well will help finance the exploration ambitions of a number of the industry’s smaller firms.