For Immediate Release
26 January 2017
DORIEMUS PLC
("Doriemus" or the "Company")
UK onshore Brockham Oil Field
Update
Work completed and hydrocarbons encountered in all targeted
zones.
London-quoted Doriemus PLC
(NEX: DOR) announces that the operator of the Brockham Oil Field,
Angus Energy Plc, has provided an update today with respect to the
Brockham Oil Field stating that work to complete, log, case and
cement the well at the Brockham Oil Field has now been successfully
completed and potential reservoirs have been logged in the
Portland, Kimmeridge and Corallian layers with all three formations
having hydrocarbon shows. The full Angus Energy Plc Brockham update
news release is included below.
David Lenigas, Doriemus’s Chairman,
commented;
“Very positive news indeed that hydrocarbons have been
encountered in the Portland and the Kimmeridge formations at the
Brockham well as per the nearby Horse Hill -1 well. Even more
encouraging is that oil and gas shows are evident in the deeper
Corallian formation, something that was not tested in the Horse
Hill well testing programme at the beginning of 2016. Doriemus is a
shareholder in both Brockham and Horse Hill oil plays in the Weald
Basin just north of London’s Gatwick International Airport and these
Brockham well results to date bodes well for the oil propspectivity
of the wider Weald Basin.”
Interest in Brockham Oil Field (PL
235):
Doriemus owns a 10% direct interest in the Brockham Oil Field
which is held under UK Production Licence PL 235.
Angus Energy Plc’s News Release dated
26 January 2017, is as follows:
“Brockham oil field - Work completed
and hydrocarbons encountered in all targeted zones
Angus Energy plc (the “Group”) is pleased to confirm that,
further to the 18 January 2017
announcement, work to complete, log, case and cement the well at
the Brockham oilfield has now been successfully completed and
potential reservoirs have been logged in the Portland, Kimmeridge
and Corallian layers with all three formations having hydrocarbon
shows.
The 6” hole has been electronically logged using quad combo and
Ultra Wave fracture analysis, it has been cased and cemented,
whilst the old open hole side-track has now been abandoned and
cemented up back to inside the main well casing.
The well will now, upon OGA confirmation, be renamed BR-X4Z.
Further log analysis and laboratory work is currently
being undertaken to provide a better understanding of the
Kimmeridge and other formations, but from the evidence so far,
these appear to be the same in structure to the oil bearing
Kimmeridge sections in the nearby Horse Hill-1 well. Notably, the
Corallian formation, which lies immediately below the Kimmeridge,
had both oil and gas shows.
Jonathan
Tidswell-Pretorius, the Company's Chairman, commented:
"We are pleased to have encountered hydrocarbon shows missed in
the previous drilling by BP in 1987 in the three Kimmeridge target
intervals and are delighted to see encouragement for the predicted
analogy to the Horse Hill geology. Encouragingly, we have also seen
oil and gas shows in the underlying Corallian. Further analysis is
underway to identify the extent of hydrocarbon presence and the
ability of these hydrocarbons to freely move into the wellbore. New
Ultra Wave well logging technology has been used in the logging of
this well and will, once analysed, allow us to make an image of the
borehole wall in order to map the presence of, and density of,
natural fractures in the target reservoirs. This will enable us to
target the most prospective zones which have the highest potential
for future production.”
We will update the market as soon as possible with the results
of the further analysis and as we progress further down the path
towards production.
Qualified Person's Statement:
Chris de
Goey, a Non-Executive Director of the Company, who has over
20 years of relevant experience in the oil and gas industry, has
approved the information contained in this announcement. Mr de Goey
is a member of the Petroleum Exploration Society of Great Britain and the Society of Petroleum
Engineers.
END.”
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