Doriemus PLC Lidsey Oilfield Update
09 Dezember 2013 - 12:10PM
UK Regulatory
TIDMDOR
9 December 2013
Doriemus Plc
("Doriemus" or the "Company")
Lidsey Oilfield Update - Lidsey-1 workover.
Doriemus Plc (AIM: DOR) announces that the operator of the Lidsey-1 well, Angus
Energy Weald Basin No.3 Limited ("Angus Energy"), yesterday logged a total of
28 feet of virgin unperforated Greater Oolite reservoir from 3,320 feet down
hole MD (measured depth) down to 3,348 feet MD.
The top 15 feet of the Greater Oolite formation was perforated yesterday from
3,320 feet MD down to 3,335 feet MD.
In order to maximise the potential flow rates from the Lidsey-1 well, a more
detailed logging programme will be undertaken to determine the exact location
of the current producing interval, the oil water contact point and potentially
to isolate this water. A further perforation programme may be undertaken in the
coming days on the additional virgin zones prior to putting the well back in to
production. The well is being re-completed for anticipated increased production
levels with updated down hole equipment.
-END-
For further information please contact:
Doriemus plc +44 (0) 20 7440 0640
Donald Strang / Hamish Harris
Sanlam Securities UK Limited +44 (0) 20 7628 2200
Nominated Adviser and Broker
Simon Clements / Virginia Bull
Notes to Editors:
The Lidsey Oilfield is owned by Angus Energy Weald Basin No. 3 Limited (80%
interest and Operator) and Doriemus (20% interest), and is held under United
Kingdom Production Licence PL241. Lidsey has one vertical producing well
(Lidsey-1) in the Jurassic, Great Oolite reservoir producing 38 API oil. The
Lidsey surface facilities are fully permitted and operational with onsite oil
storage of 2,000 barrels. All production is currently sold to the Perenco BP
refinery.
END
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