DORIEMUS PLC - Lidsey Oilfield Update
25 November 2013 - 12:21PM
PR Newswire (US)
25 November 2013
Doriemus Plc
("Doriemus" or the "Company")
Lidsey Oil Field, UK - Lidsey-1 Update
Doriemus Plc (AIM: DOR) advises that the work-over rig has mobilised to site
today for the completion of the second and third phases of the current well
enhancement programme on the Lidsey-1 well on the Lidsey oil field ("Lidsey")
in West Sussex. The entire programme is scheduled to be completed by the end of
this week.
The rig will complete 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 the installation of a new completion assembly. The Company will announce the
new flow rates when the well is put back to pump.
Doriemus has a 20% participating interest in Lidsey with a first right of
refusal to increase its participating interest to 25%. Angus Energy Weald No.3
Limited own 80% and are the operators of Lidsey.
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
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