DOR Doriemus

 
TIDMDOR 
 
22 October 2013 
 
                                 Doriemus Plc 
 
                         ("Doriemus" or the "Company") 
 
             Lidsey Oilfield Update - Work-over and Recompletion 
 
Doriemus Plc (AIM: DOR) is pleased to announce that, as set out in the farm-in 
announcement on 18 October 2013, the operators of the Lidsey Oilfield 
("Lidsey") in West Sussex have confirmed that they plan to conduct a work-over 
and, more significantly, a recompletion on the producing Lidsey-1 Well over the 
next few weeks. The Lidsey-1 Well is currently producing 25 bopd of 38 API oil. 
 
As previously announced, Doriemus has agreed with Angus Energy Weald Basin No. 
3 Limited ("Angus Energy"), a UK based oil production company, to farm-in to a 
participating 10 per cent. interest in Lidsey. Doriemus has a 60 day first 
right of refusal period to negotiate increasing its participating interest to 
25 per cent. 
 
A contract work-over rig has now been secured to conduct a full well cleanout 
and scraper run to the total depth of the well and to perforate a new 10 foot 
section of the Great Oolite Reservoir above the existing 2 feet of perforations 
responsible for the current 25 bopd oil production. It is expected to arrive in 
the next few weeks. 
 
Donald Strang, the Company's Chairman, commented: 
 
"The Company believes that there is potential for oil production at Lidsey to 
increase significantly from the current 25 bopd after the planned well 
intervention work is complete, particularly after the new perforations in the 
Greater Oolite formation." 
 
The Lidsey Oilfield 
 
Lidsey is held under granted United Kingdom Production Licence PL241. Carless 
Exploration discovered oil on Lidsey in 1987 when an exploration well 
successfully flowed oil. Lidsey has one vertical producing well in the 
Jurassic, Great Oolite reservoir. The Lidsey surface facilities are fully 
permitted and operational with onsite oil storage of 2,000 barrels. 
 
In 2002, an independent Schlumberger report on Lidsey concluded the most like 
1P reserves of the field are 230 mstb or 5.75 per cent. of the STOIIP and with 
an additional well the 2P reserve would be 600 mstb or 6.5 per cent. of the 
STOIIP. 
 
For further information please contact: 
 
Doriemus plc 
Donald Strang                                        +44 (0) 207 440 0640 
Hamish Harris 
 
Sanlam Securities UK Limited 
Simon Clements/Virginia Bull                         +44 (0) 207 628 2200 
 
 
 
END 
 

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