For Immediate Release
2 May 2017
DORIEMUS PLC
("Doriemus" or the "Company")
EA approval
received for the drilling of second production well at the Lidsey
Oil Field.
Doriemus PLC is pleased to announce that the operator of the
Lidsey Oil Field, Angus Energy Plc (“Angus” or the “Operator”),
advise that following West Sussex County Council approval, it has
now also received permission from the Environment Agency to drill
the Lidsey-X2 horizontal producton well at its Lidsey production
oil field, license PL 241. The Operator will now seek the required
approvals from the Health and Safety Executive (“HSE”) and Oil and
Gas Authority (“OGA”).
The Lidsey Oil Field is located near Bognor Regis in the south
of the United Kingdom. Lidsey-X2
will target the upper crest of the producing Great Oolite reservoir
and will also pass through the Kimmeridge layers allowing for
electronically logging of the layers and sampling of the drill
cuttings for a detailed comparison to the encouraging results Angus
encountered at Brockham-X4Z.
There is no change to the Operator’s earlier guidance with
regards to operations at its Brockham Oil Field.
The full Angus Energy Plc Lidsey Oil Field update news release
is included below.
David Lenigas, Doriemus’s Chairman,
commented;
“County Council approval for the Lidsey-X2 well – Tick!; EA
approval for the Lidsey-X2 well – Tick!; Two more approvals
remaining before we can look at drilling in this very important
onshore UK oil production well, which will not only access the
productive Great Oolite reservoir, the source of the historic
Lidsey oil production for a number of decades, but will also drill
the very important Kimmeridge formation in the southern part of the
UK’s Weald Basin area.”
Interest in Lidsey Oil Field (PL
235):
Doriemus owns a 20% direct interest in the onshore Lidsey Oil
Field (PL 241) with an option to increase its holding to 30%.
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
Angus Energy Plc’s News Release dated
2 May 2017, is as follows:
2 May
2016
Angus Energy
plc
("Angus Energy")
Environment Agency
permission received for drilling of the Lidsey-X2 well
Angus Energy plc. (the "Group") is pleased to announce that
following West Sussex County Council approval, it has now also
received permission from the Environment Agency to drill the
Lidsey-X2 horizontal producton well at its Lidsey production oil
field, license PL 241. The Group will now seek the required
approvals from the Health and Safety Executive (“HSE”) and Oil and
Gas Authority (“OGA”).
The Lidsey Oil Field is located near Bognor Regis in the south
of the United Kingdom. Lidsey-X2
will target the upper crest of the producing Great Oolite reservoir
and will also pass through the Kimmeridge layers allowing for
electronically logging of the layers and sampling of the drill
cuttings for a detailed comparison to the encouraging results Angus
encountered at Brockham-X4Z.
There is no change to the company’s earlier guidance with
regards to operations at its Brockham Oil Field.
Jonathan Tidswell-Pretorius,
Angus Energy’s Chairman, commented:
“Receiving approval for the Lidsey-X2 production well from
the Environmental Agency is another milestone in delivering our
business plan of providing low cost, low geological risk, long term
conventional oil production.”