Doriemus PLC - Drilling Commences - Lidsey-X2

13 September 2017

Doriemus Plc
("Doriemus" or the "Company")

Drill Commences at Lidsey Oil Field, Weald Basin, onshore UK.

Drilling Commences - Lidsey-X2

Doriemus (NEX: DOR) is pleased to announce that the operator of the Lidsey Oil Field, Angus Energy Plc, have advised that the drilling of Lidsey-X2 has now commenced. 

Lidsey Oil Field is located at the southern edge of the Weald Basin, near Bognor Regis on the UK’s south coast.

The Company’s operational guidance remains unchanged. The current works at Lidsey have an expected operating window of approximately six weeks before actual production from the Lidsey-X2 horizontal well. 

Interest in the Lidsey Oil Field (PL 241):

Doriemus owns a 20% direct interest in the onshore Lidsey Oil Field (PL 241)(Production Licence) which has the right under the 21 November 2013 Farm-Out Agreement, to own 30% of the next well on the Lidsey Oil Field. This next well is the Lidsey-X2 well. The Lidsey Oil Field is operated bt Angus Energy Plc.

The directors of the Company accept responsibility for the contents of this announcement.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact:

Doriemus Plc
www.doriemus.com
David Lenigas (Executive Chairman)                  [phone]
Hamish Harris (Non-Executive Director)

Peterhouse Corporate Finance Limited           [phone]
Guy Miller
Fungai Ndoro

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