For Immediate Release
18 April 2017
DORIEMUS PLC
("Doriemus" or the "Company")
County Council
approval for drilling of second production well at 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 the West Sussex County Council have now approved
details under the provision of the planning consent for the
proposed drilling of the second well, the new Lidsey-X2 onshore
production well at the Lidsey Oil Field (PL241) near Bognor Regis
in the south of the United
Kingdom.
This second well on the Lidsey Oil Field is planned to be
drilled to a depth of approximately 1,000 metres and will target
the upper crest of the Great Oolite reservoir that has until being
temporarily suspended in February
2016 produced oil from the Lidsey-X1 well which was first
discovered in 1987. Lidsey-X2 will also assess the Kimmeridge
formation which is located above the Great Oolite reservoir.
Under the provisions of the site planning consent, Condition 8
requires prior approval by West Sussex County Council of details of
the drilling rig and equipment and the period of their use to drill
additional wells. West Sussex County Council have now approved
details under the provision of the extant planning consent for the
proposed drilling of the second well together with their approval
for a new site security fence and new site administration
facilities comprising offices, toilets and mess facilities.
The Angus Energy Plc Lidsey Oil Field update news release is
included below.
David Lenigas, Doriemus’s Chairman,
commented;
“This is an important and timely approval from the West Sussex
County Council, and Doriemus looks forward to participating in this
important conventional oil production well 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
18 April 2017, is as follows:
18 April
2017
Angus Energy
plc
("Angus Energy", “Angus” or the
“Company”)
County Council
approval for drilling of second production well at its Lidsey Oil
Field.
Angus Energy is pleased to announce that West Sussex County
Council have now approved details under the provision of the
planning consent for the proposed drilling of the second well, the
new Lidsey-X2 onshore production well at the Lidsey Oil Field
(PL241) near Bognor Regis in the south of the United Kingdom.
Angus Energy has planning consent for the development and
operation of a three wellhead and beam pump oil production facility
plus ancillary works at its Lidsey Oil Field. As permitted by the
site planning consent, the first well has already been drilled at
the site (Lidsey-X1) and the tophole/cellar completed and installed
to enable a second well to be drilled (Lidsey-X2). This second well
has not yet been drilled and is planned to be drilled to a depth of
approximately 1,000 metres and will target the upper crest of the
Great Oolite reservoir that has until being temporarily suspended
in February 2016 produced oil from
the Lidsey-X1 well which was first discovered in 1987. Lidsey-X2
will also assess the Kimmeridge formation which is located above
the Great Oolite reservoir.
Under the provisions of the site planning consent, Condition 8
requires prior approval by West Sussex County Council of details of
the drilling rig and equipment and the period of their use to drill
additional wells. West Sussex County Council have now approved
details under the provision of the extant planning consent for the
proposed drilling of the second well together with their approval
for a new site security fence and new site administration
facilities comprising offices, toilets and mess facilities.
There is no change to the Company’s earlier guidance with
regards to operations at its Brockham Oil Field.
Jonathan
Tidswell-Pretorius, the Company's Chairman, commented:
“We welcome the news from West Sussex County Council. The
Lidsey-X2 well fully aligns with our business plan of providing low
cost, low geological risk, long term conventional oil
production.
Lidsey-X2 will target the upper crest of the producing Great
Oolite reservoir and will also pass through the Kimmeridge layers
allowing us to electronically log the layers and sample the drill
cuttings for a detailed comparison to the encouraging results Angus
encountered at Brockham-X4Z.
Subject to Environmental Agency consent and approval from the
Health and Safety Executive for Lidsey-X2 (both are in process), we
will ask the Oil and Gas Authority for consent to drill
Lidsey-X2”
END