13 September 2017
Doriemus Plc
("Doriemus" or the
"Company")
Drill Commences at
Lidsey Oil Field, Weald Basin, onshore UK.
Drilling Commences
- Lidsey-X2
Doriemus (NEX: DOR) is pleased to announce that the operator of
the Lidsey Oil Field, Angus Energy Plc, have advised that the
drilling of Lidsey-X2 has now commenced.
Lidsey Oil Field is located at the southern edge of the Weald
Basin, near Bognor Regis on the UK’s south coast.
The Company’s operational guidance remains unchanged. The
current works at Lidsey have an expected operating window of
approximately six weeks before actual production from the Lidsey-X2
horizontal well.
Interest in the Lidsey Oil Field (PL
241):
Doriemus owns a 20% direct interest in the onshore Lidsey Oil
Field (PL 241)(Production Licence) which has the right under the
21 November 2013 Farm-Out Agreement,
to own 30% of the next well on the Lidsey Oil Field. This next well
is the Lidsey-X2 well. The Lidsey Oil Field is operated bt Angus
Energy Plc.
The directors of the Company accept responsibility for the
contents of this announcement.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, please
contact:
Doriemus Plc
www.doriemus.com
David Lenigas (Executive Chairman)
+44 (0) 20 74400640
Hamish Harris (Non-Executive
Director)
Peterhouse Corporate Finance
Limited
+44 (0) 20 7469 0930
Guy Miller
Fungai Ndoro