DOR Doriemus

 
TIDMDOR 
 
21 July 2014 
 
                                 Doriemus plc 
 
                         ("Doriemus" or the "Company") 
 
                              Update - Horse Hill 
 
Doriemus Plc (AIM: DOR) announces that Horse Hill Developments Ltd ("HHDL") 
received formal notification from the UK Department of Energy and Climate 
Change ("DECC") on 17 July 2014 that: 
 
  * The Secretary of State has granted the transfer and apportionment of rights 
    of 65% of Licence PEDL 137 from Magellan Petroleum (UK) Limited to HHDL; 
    and 
 
  * The Secretary of State has granted approval of appointment of HHDL as 
    Exploration Operator of Licence PEDL 137. 
 
These approvals and consents granted by the DECC are valid until 17 October 
2014, to enable HHDL to meet its obligation under the agreements in place 
between HHDL and Magellan Petroleum (UK) Limited to drill the Horse Hill-1 well 
on Licence PEDL 137. 
 
The Horse Hill-1 well is proposed to have a total depth of 8,512 feet and is 
targeting a number of conventional stacked oil and gas targets. 
 
Doriemus has a binding agreement in place to own a direct 10% interest in HHDL, 
a special purpose company that owns a 65% participating interest and 
operatorship of the Horse Hill Oil Field in the Weald Basin. 
 
Donald Strang, the Company's Chairman, commented: 
 
"The site construction works are progressing to plan and we look forward to 
spudding the Horse Hill-1 well." 
 
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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