DOR Doriemus

 
TIDMDOR 
 
11 June 2014 
 
                                 Doriemus plc 
 
                         ("Doriemus" or the "Company") 
 
                   Update on investment in Lidsey Oil Field 
 
Doriemus Plc (AIM: DOR) is pleased to announce that work has started on the 
second stage well intervention on the producing Lidsey-1 well in the UK Weald 
Basin. This second stage production enhancement programme is expected to take 
approximately one week to complete. 
 
Donald Strang, the Company Chairman commented: 
 
"The production improvement programme on the Lidsey Oil Field is designed to 
open up the existing un-tapped sections of the Lidsey-1 well. Results of this 
programme will be announced when completed." 
 
Lidsey Oil Field (20% owned by DOR and operated by Angus Energy): 
 
The Lidsey Oil Field ("Lidsey"), in the Weald Basin, is held under United 
Kingdom Production Licence PL 241. Oil production was 25 bopd, prior to a 
re-completion programme completed in November and December 2013, which resulted 
in a temporary boost in oil production. Production has steadily declined to 36 
bopd and Angus Energy has now formally advised the partners in Lidsey that a 
new re-completion is being planned in order to again increase production. 
 
Lidsey has a fully permitted and operational 2,000-barrel storage facility and 
its 38 API oil is regularly trucked and sold to the Perenco Oil Refinery. 
 
In March 2014, DOR announced that RPS had independently assessed that, as at 31 
December 2013, the Lidsey Field contained 9.52 million barrels (gross) of P50 
best case Oil In-Place. 
 
The drilling of the new Lidsey-2 well has now been postponed until after the 
Lidsey-1 well re-completion has been completed. 
 
 
Glossary: 
 
API                 American Petroleum Institute measure of the gravity of oil 
 
bopd                Barrels of oil per day 
 
 
 
Enquiries: 
 
Doriemus plc                                 +44 (0) 20 7440 0640 
Donald Strang/Hamish Harris 
 
Cairn Financial Advisers LLP                 +44 (0) 20 7148 7900 
Nominated Adviser and Broker 
James Caithie/ Jo Turner/ Carolyn Sansom 
 
 
 
END 
 

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