For Immediate Release
13 March
2017
DORIEMUS PLC
("Doriemus" or the
"Company")
Brockham Oil Field – Onshore
UK
Doriemus PLC advises further to Angus Energy Plc’s (“Angus” or
“Operator”) announcement on 10 March
2017, regarding the BBC London’s news article last Thursday
night, that Angus (as operator of the Brockham Oil Field) is
of the firm opinion that the drilling of the BR-X4Z well, which was
approved by the Oil and Gas Authority (“OGA”) , Environmental
Agency (“EA”) and the Health and Safety Executive (“HSE”), did not
constitute a breach of the planning consents and believes that the
Surrey County Council is incorrect in its assessment that the
Operator acted without planning permission. The Operator beleives
that the work was carried out with all the necessary approvals
required under the oil field’s existing licenses that are in place
until 2036 and that the well drilling was done with all the
necessary approvals of the OGA, EA and the HSE. Discussions with
Surrey County Council are ongoing and the Company will
update the market as soon as these discussion are complete.
The Operator has stated in its recent assessment of the well
analysis, that it has confidence that the Brockham X4Z sidetrack
well will be similar to Horse Hill and perhaps given that the
reservoir is potentially much thicker in zones, the results could
be even better than those seen at the Horse Hill.
In addition, the extensive log and geochemical analysis of the
recently drilled Brockham X4Z sidetrack confirms:
-
Brockham has very similar thickness of reservoir and properties
to those reported from the very successful Horse Hill-1 well,
located 8km to the south.
-
Logging confirms abundant natural fractures are evident in not
only in the 2 thick Kimmeridge limestones themselves, but also over
extensive intervals of interbedded shales and limestones within the
385 metres gross thickness of the Kimmeridge drilled in this
sidetrack and around 200 metres of Kimmeridge reservoir has this
new oil potential.
Interest in Brockham Oil Field (PL
235):
Doriemus owns a 10 per cent. direct interest in the Brockham Oil
Field which is held under UK Production Licence PL 235. Doriemus
also holds a 10 per cent interest in Horse Hill Developments
Limited, the company which has a 65 per cent. participating
interest and operatorship of the Horse Hill oil and gas project
(licences PEDL 137 and PEDL 246) in the UK Weald Basin.
The directors of the Company accept responsibility for the
contents of this announcement.
For further information please
contact:
Doriemus Plc:
www.doriemus.com
David Lenigas (Executive
Chairman)
+44 (0) 20 74400640
Hamish Harris (Non-Executive
Director)
Peterhouse Corporate Finance
Limited
+44 (0) 20 7469 0930
Guy Miller
Fungai Ndore
Square 1 Consulting (Public
Relations)
+44 (0) 20 7929 5599
David Bick