DOR Doriemus

 
TIDMDOR 
 
2 July 2014 
 
                                 Doriemus plc 
 
                         ("Doriemus" or the "Company") 
 
                            Lidsey Oil Field Update 
 
Doriemus Plc (AIM: DOR) today announces a 230% increase in oil production from 
the conventional Lidsey Oil Field ("Lidsey"), near Bognor Regis south of 
London, from 36 barrels of oil per day ("bopd") in May 2014 to a current rate 
of 113 bopd of 34 API oil after a successful recompletion programme on the 
Lidsey-1 well. 
 
The operators of Lidsey, Angus Energy Limited ("Angus Energy") have advised 
that an 80-foot section of the Greater Oolite reservoir was perforated using 
tubing conveyed (TCP) guns, at 4 perforations per foot, using Paradigm Connect 
charges between 3,271 feet and 3,351 feet at 16:00 hours on Sunday 22 June 
2014.  Of the 80 feet of perforations shot, 19 feet were opening up new 
reservoir and 61 feet were re-perforations. 
 
The Lidsey-1 well was put back to pump at half speed to clean-up the well at 
15:30 hours on Wednesday, 25 June 2014. After an initial restricted 5 day 
clean-up of programme, the Lidsey-1 well produced at an average restricted rate 
of 47 bopd with the pump jack running at half speed. On 30 June 2014, the pump 
was increased to full speed resulting in a higher production rate of 113 bopd. 
 
Donald Strang, the Company Chairman commented: 
 
"This is an excellent result for Lidsey. Since the work-over programmes 
commenced on the field in late 2013, each work-over phase on the Lidsey-1 well 
has been successful. 
 
The Company has an exciting period ahead over the remainder of 2014. With our 
partners, Angus Energy, there will be the drilling of the Horse Hill-1 well 
near Gatwick later this month and the drilling of the proposed Brockham 
side-track well in the same geographical area once the final approvals have 
been granted. 
 
We also look towards the drilling of the proposed new Lidsey-2 well later this 
year. This well is designed to access the crest of the Greater Oolite reservoir 
and the majority of Lidsey's Oil in-Place." 
 
Lidsey Oil Field (20% owned by Doriemus and operated by Angus Energy): 
 
The Lidsey Oil Field ("Lidsey"), is a long standing producing oil field in the 
Weald Basin near Bognor Regis, and is held under United Kingdom Production 
Licence PL 241. 
 
Lidsey has a fully permitted and operation 2,000-barrel storage facility and 
its oil is regularly trucked and sold to the Perenco Oil Refinery. 
 
On 13 March 2014, Doriemus announced the conclusions of the independent reserve 
and resource reports ("CPRs") prepared by RPS Energy Consultants Limited 
("RPS") for both the Lidsey and Brockham Fields in the Weald Basin, a copy of 
which is available from the Company's website at www.doriemus.co.uk 
 
Glossary: 
 
API                 American Petroleum Institute measure of the gravity of oil 
 
bopd                Barrels of oil per day 
 
-ENDS- 
 
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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