Doriemus PLC Brockham Oil Field Update
06 Dezember 2013 - 8:00AM
UK Regulatory
TIDMDOR
6 December 2013
Doriemus Plc
("Doriemus" or the "Company")
Brockham Oil Field Update
Doriemus Plc (AIM: DOR) is pleased to announce that the new seismic
reprocessing and interpretation has now been completed on the proposed Brockham
side-track well planned for Q1 2014. In addition, the crestal target alone for
the side-track on the Brockham-4 well has a provisional volumetric STOOIP of
3.57 million barrels of oil.
The Brockham oil field in the Surrey district is currently producing 42 bopd of
28 API oil. The Operator, Angus Energy No.3 Limited ("Angus Energy"), is
planning a well work-over programme this month on the producing Brockham-1
well.
This new interpretation for the proposed side-track well will be incorporated
in the Brockham competent person's report, which is currently being prepared.
Donald Strang, the Company's Chairman, commented:
"There is a significant reserve potential to pursue at Brockham which we
believe justifies the side-track planned for early 2014."
For further information please contact:
Doriemus plc +44 (0) 20 7440 0640
Donald Strang / Hamish Harris
Sanlam Securities UK Limited (Nominated Adviser and Broker) +44 (0) 20 7628 2200
Simon Clements / Virginia Bull
Competent Person's Statement:
In accordance with AIM Rules - Guidance for Mining and Oil & Gas Companies, the
information contained in this announcement has been reviewed and signed off by
Mr Iain Sutherland BSc (Mining and Petroleum Engineering), who has over 20
years' experience as a petroleum engineer. Mr Sutherland is a Member of the
Society of Petroleum Engineers. He has read and reviewed the technical
disclosure in this regulatory announcement. The technical disclosure in this
announcement complies with the SPE/WPC standard.
Notes to Editors
Brockham Oil Field:
The Brockham Oil Field was discovered by BP in 1987 when BP drilled the
Brockham-1 well and initially flowed 95 bopd of 27.5 API crude from the
Portland sands reservoir. Brockham is held under United Kingdom Production
Licence PL 235.
Brockham is owned by:
* Angus Energy No.3 Limited (60% interest and Operator)
* Terrain Energy Ltd (20% interest)
* Doriemus (10% interest)
* Brockham Energy (10% interest)
The Brockham surface facilities are fully permitted and operational with onsite
oil storage facilities of 1,200 barrels.
All production is currently sold to the Perenco refinery.
Glossary:
STOOIP - stock-tank oil initially in place
END
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