DOR Doriemus

 
TIDMDOR 
 
7 November 2013 
 
                                 Doriemus Plc 
 
                         ("Doriemus" or the "Company") 
 
              Lidsey Oilfield - Commencement of work on Lidsey-1 
 
Doriemus Plc (AIM: DOR) is pleased to announce that the operator of the Lidsey 
Oilfield ("Lidsey") in West Sussex has today commenced phase one of the 
work-over and re-completion of the producing Lidsey-1 well. 
 
Donald Strang, Doriemus' Chairman, commented: 
 
"The Company expects to see a significant increase in daily oil production from 
the current 25 bopd, particularly after the new perforation phase of the 
programme with new oil formations being opened above the existing productive 
sandstone. The current production of 25 bopd comes from a 2 foot perforated 
section of the Oolite reservoir, originally perforated in 1988, and the 
operator has now opted to complete 30 feet of new perforations instead of the 
10 feet as previously announced." 
 
The full programme on Lidsey-1 will comprise a well stimulation, a full 
clean-out to total depth and perforation of new oil zones which will be 
determined after a new extended logging run, followed by a new completion 
assembly. The entire programme is expected to be completed within two to four 
weeks. 
 
In addition to the current work-over program an additional 48 kilometres of 
seismic data of the Lidsey Oilfield has been purchased and reprocessing is 
planned to identify possible new drilling targets and provide an updated CPR 
and an updated reserves report. 
 
The Lidsey Oilfield is owned by Angus Energy Weald Basin No. 3 Limited (90% 
interest and operator) and Doriemus (10% interest), and is held under United 
Kingdom Production Licence PL241. Lidsey has one vertical producing well in the 
Jurassic, Great Oolite reservoir which has produced an average of 25 bopd of 38 
API oil over the past 12 months. The Lidsey surface facilities are fully 
permitted and operational with onsite oil storage of 2,000 barrels. 
 
New oil production rates will be announced after the Lidsey-1 well is put back 
in to production. 
 
For further information please contact: 
 
Doriemus plc 
 
Donald Strang +44 (0) 207 440 0640 
 
Hamish Harris 
 
Sanlam Securities UK Limited (Nominated Adviser and Broker) 
 
Simon Clements/Virginia Bull +44 (0) 207 628 2200 
 
 
 
END 
 

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