DOR Doriemus

 
TIDMDOR 
 
18 September 2014 
 
                                 Doriemus plc 
 
                         ("Doriemus" or the "Company") 
 
                      Update Horse Hill-1, Weald Basin UK 
 
Doriemus Plc (AIM: DOR) today confirms that drilling operations on the Horse 
Hill-1 well are continuing as planned with the 20-inch surface casing having 
been set successfully at 84 feet below ground level. Operations are continuing 
at the site and further news will be issued as appropriate. 
 
The Company is also pleased to confirm that Magellan Petroleum Corporation 
("Magellan") have now confirmed that they will not proceed with their option to 
acquire additional logs beyond those required for the conventional targets in 
the Horse Hill-1 well. This will assist Horse Hill Developments Ltd ("HHDL") to 
complete the well on schedule in about six weeks. 
 
Additionally, the original binding agreements previously put in place for 
Doriemus to own a 10% interest in HHDL have been converted to a definitive 
Investment Agreement confirming the Company owns 10% of HHDL. David Lenigas has 
also been appointed as Chairman of HHDL. 
 
Donald Strang, the Company's Chairman, commented; 
 
"We are pleased with the good progress being made with this well and also with 
the support we have received from our partners and the local community. We 
anticipate an exciting few weeks ahead as the well advances towards the 
conventional oil targets in the Jurassic. 
 
We also welcome the appointment of Mr Lenigas to the HHDL board as he brings a 
wealth of experience and leadership to this exciting project." 
 
HHDL is a special purpose company which owns a 65% participating interest and 
operatorship of onshore licences PEDL 137 and the adjacent licence PEDL 246 in 
the UK Weald Basin. The participants in the Horse Hill-1 well are HHDL with a 
65% working interest and Magellan with a 35% interest. 
 
For further additional information please contact: 
 
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 
 
Square1 Consulting                      +44 (0) 207 929 5599 
David Bick 
Mark Longson 
 
 
 
END 
 

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