DOR Doriemus

 
TIDMDOR 
 
16 December 2013 
 
                                 Doriemus Plc 
 
                         ("Doriemus" or the "Company") 
 
   Lidsey Oilfield Update - Lidsey-1 flows 312 bopd at restricted flow rate. 
 
Doriemus Plc (AIM: DOR) announces that the Lidesey-1 well (that Doriemus has a 
20 per cent. working interest in), in the UK Weald basin, is flowing oil at a 
restricted rate of 312 bopd after the successful recompletion and the 
perforation programme. The ultimate production potential of the well is not 
known at this stage, as oil production is restricted due to the current 
limiting capacity of the pumping facilities. 
 
Donald Strang, the Company's Chairman, commented; 
 
"Oil production has now increased by over 1,000 per cent. from the 25 bopd 
reported prior to the commencement of the work-over programme. This is a record 
for the Lidsey oil field. At this flow rate, cost of oil production is less 
than $10 a barrel." 
 
"The Lidsey-1 well work-over has been a success and the Company is looking 
forward to participating in the proposed Lidsey-2 well next year." 
 
"The short term production focus for the Company will now shift to Brockham, 
where a well improvement programme is currently underway and where the partners 
plan for a new side track/work-over well on Brockham-4 early in 2014." 
 
The Lidsey-1 well flowed naturally to surface post perforation. After being put 
to pump, the well was flowing at the pump's maximum operational capacity of 312 
bopd. The operator, Angus Energy Weald Basin No.3 Limited ("Angus Energy"), 
have decided to flow the well at this rate for a period to assess the well's 
performance, whilst reviewing the alternatives on how best to optimize the 
well's performance. 
 
Re-logging of the well in the past few days has shown that the total 
unperforated virgin oil bearing formation in the Greater Oolite formation has 
now been increased by 28 feet. Due to the success of this work-over programme, 
the operator has opted to stay with the previously announced 15 feet of 
perforations in to the formation. Further perforations may be undertaken in due 
course. 
 
As a result of the better than expected flow rates and the re-logging on 
Lidsey-1, the publishing of the expected CPR will now be delayed until January 
2014 so as to incorporate the new logging and production data in to the CPR. 
 
                                     -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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