Doriemus Live Discussion

ybhere 11 Jul 2017

Another RNS - 30% Lidsey X2 10 July 2017 Doriemus Plc ("Doriemus" or the "Company" Right to 30% interest in Lidsey-X2 oil well, Lidsey Oil Field, onshore UK Issue of equity to fund acquisitions. Doriemus (NEX: DOR) announces that it has a right to a 30% interest in the proposed new Lidsey-X2 oil production well (representing an additional 10% interest on this initial well given the Company's 20% interest in the Lidsey Oil Field), as determined by the Doriemus farm-out agreement with Angus Energy Plc of 21 November 2013, and has completed a fundraising of GBP650,000 to meet the additional expenditure obligations that the Company is expecting whilst drilling this well and putting it into production. David Lenigas, Doriemus's Chairman, commented; "This increased interest in the share of a soon to-be-drilled oil production well at the fully approved and permitted onshore Lidsey Oil Field in the southern part of the UK's Weald Basin, should add additional revenue to Doriemus once the X2 well is brought on-line. The Company is optimistic that the Kimmeridge limestones and shales to be drilled before the well hits the Greater Oolite limestone target, could add another exciting dimension to this well." The onshore Lidsey Oil Field (PL 241) UK production licence is located near Bognor Regis in the south of the United Kingdom and at the southern edge of the Weald Basin. The proposed Lidsey-X2 horizontal production well is expected to test the Kimmeridge limestones and shales before hitting the targeted upper crest of the known Great Oolite reservoir. The operator, Angus Energy Plc, has advised that they are waiting for the final approvals from the UK Health and Safety Executive ("HSE" and the UK Oil and Gas Authority ("OGA" prior to drilling Lidsey-X2, and have advised that their plans are to have this well drilled and in production this summer. In order to fund the extra expenditure associated with this well at Lidsey and to fund additional working capital for potential further acquisitions in the Weald Basin, the Company has therefore raised GBP650,000, gross of expenses, through the issue of 1,857,142,568 new Ordinary Shares of 0.001p each in the Company ("Placing Shares" at a placing price of 0.035 pence per share with private investors ("the "Placing". On admission, the Placing Shares rank pari passu with the existing Ordinary Shares. The Company will therefore have 14,383,428,568 Ordinary Shares in issue with voting rights and admitted to trading on the NEX Exchange Growth Market. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules. Interest in the Lidsey Oil Field (PL 241): Doriemus owns a 20% direct interest in the onshore Lidsey Oil Field (PL 241) 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 proposed Lidsey-X2 well.

fish lips 29 Jun 2017

RNS I'm a bit disappointed that they are sticking with NEX and are dual listing on ASX instead, and looking to come back to the main market, and they are consolidating.....Doriemus PLC (“Doriemus” or “the Company”Proposed cross listing on the ASX and Consolidation of Ordinary SharesThe Company is currently in the process of applying for a cross listing of the Company’s shares on the Australian Securities Exchange (“ASX”. The Directors believe that whilst the NEX Exchange Growth Market (“NEX” serves the Company and its shareholders well, a listing on one of the world’s senior markets will assist the Company with the implementation of its growth strategy. Having considered various options, the Directors believe that the ASX is the most suitable choice for the Company to pursue the next stage of its growth. The Directors also believe that any such cross listing should also provide shareholders with greater trading liquidity than is currently experienced on NEX.Evidently, and further to the announcement of 11 October 2016 , the Company no longer intends to seek admission to the standard segment of the Official List and to trading on the main market of the London Stock Exchange. In order to prepare for the proposed cross listing of the Company’s shares on the ASX, the Company intends to consolidate its current issued share capital which consists of approximately 12,526,285,711 ordinary shares in issue. It is proposed that the issued share capital of the Company will be restructured, in order to reduce the number of ordinary shares in issue, by consolidating them on a four hundred for one basis (400/1). All of the existing ordinary shares with a nominal value of 0.001p (£0.00001) each will be consolidated into ordinary shares with a nominal value of 0.4p (£0.004) each on the basis of one new ordinary share for every four hundred existing ordinary shares on issue.As a result of the consolidation, it is anticipated that, based on the current issued shares, on a four hundred for one basis, there will be 31,315,714 ordinary shares in issue with a nominal value of 0.4p (£0.004) each.Where options and other rights have been granted in relation to the ordinary shares, the numbers of ordinary shares to which these rights apply will be adjusted to take account of the consolidation.The new consolidated ordinary shares will be traded on NEX in the same way as the existing ordinary shares and will be equivalent, ranking pari passu, in all material respects to the existing ordinary shares (including as to dividend, voting and other rights).A circular for the proposed consolidation will be posted to shareholders and a further announcement made at that time.

fish lips 26 Jun 2017

RNS TIDMDOR For Immediate Release 26 June 2017 DORIEMUS PLC ("Doriemus" or the "Company" Update on Brockham Oil Field operations, UK Weald Basin Doriemus PLC is pleased to announce that Angus Energy plc ("Angus Energy& 65533;?), the operator of the Brockham Oil Field, has advised that the Surrey County Council has now confirmed that the planning application to regularise the upgraded surface infrastructure at the Brockham Oil Field (PL235) will not require an Environmental Impact Assessment. Angus Energy have also advised that, "The Brockham site has undergone extensive modification and upgrade works (including new site cabins, fencing, concrete bunding works for high rate production equipment and associated surface structures) in preparation for the new oil production planned from the recent Brockham operations. This work is separate to the subsurface work undertaken by Angus and in this regard, the Company's guidance on 10 March 2017 and reiterated since then, remains unchanged." "Previous guidance for oil production to commence from the Kimmeridge at Brockham in the summer 2017 remains unchanged." "In addition, the Company notes the RNS published last week, 'Oil Seeps from Kimmeridge Limestone Core Samples' by UK Oil & Gas Investments plc in relation to their Broadford Bridge well." Angus Energy also advise that, "The initial coring results at the Broadford Bridge exploratory site, approximately 30km southwest of the Brockham Oil Field and approximately 22km northeast of the Lidsey Oil Field, reported on Friday are supplementary confirmation of Angus Energy's RNS of 3 March 2017 outlining the detailed maturity analysis and fracture analysis of the Brockham-X4Z well's Kimmeridge reservoir utilising the Weatherford Ultra Wave Acoustic Borehole Imaging Tool." Angus Energy also advise that, "Their results of Angus Energy's published analysis on the Brockham-X4Z side track confirmed the reservoir consists of numerous interbedded layers of limestone and shale with abundant natural fracturing. The gross thickness of the Kimmeridge reservoir in Brockham-X4Z is calculated to be 385 meters. Further analysis strengthens our hypothesis that the Kimmeridge reservoir in that flank of the Weald Basin (covering Brockham, Horse Hill etc.) is a single reservoir which may even extend as far south as Angus Energy's field at Lidsey although maturity may not be adequate for hydrocarbon production (to be evaluated during upcoming Lidsey well). This Kimmeridge reservoir is naturally fractured and can be produced via conventional production methods (i.e. no fracking). The production of the Kimmeridge oil will be realised via the natural fracture system present in the interbedded limestone and shale layers in the reservoir." "A 200-meter band of the reservoir in Brockham-X4Z is naturally fractured and will be placed into production following final consent from the OGA." David Lenigas, Doriemus's Chairman, commented; "UKOG's Chairman Mr Steve Sanderson commented that: "whilst it is still early days, the presence of mobile oil within a Kimmeridge geological feature that has no structural oil trapping configuration, demonstrates that both BB-1 and Horse Hill-1 could be part of the same Kimmeridge continuous oil deposit. This oil deposit may therefore extend over 30 km from north to south across the Weald Basin." Doriemus sees the results from UKOG's Broadford Bridge well as being highly significant for the overall potential of the greater Weald Basin to host a major oil discovery in the UK. 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. The directors of the Company accept responsibility for the contents of this announcement. For further information please contact: Do

fish lips 11 May 2017

Re: DOR Finals Thanks YBH, production looks likely for spring/summer! Sounds to me more like Summer/Autumn. Hopefully it does come soon and then we'll see money coming in.

ybhere 10 May 2017

DOR Finals From the NEX Exchange,[link]

ybhere 02 May 2017

Angus Lidsey RNS The announcement from Doriemus, quoted on the NEX Exchange, refers to the Angus Lidsey RNS.From the announcement on the NEX,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%. YB

Jon Warwick 14 Mar 2017

Re: RNS...living in hope Fundamentals haven't changed DOR will be a profitable business in its own right Oil 60$ plenty down there in a safe & stable country what's not to like as an investment seems like a no brainer.Best to all john.

etadelete 13 Mar 2017

Re: RNS...living in hope hoping this mess of a shares gets listed ...been ages .gla

Jon Warwick 13 Mar 2017

Re: RNS Good to hear that DOR is still at it, all councils are a pain in the neck to deal with to many staff with to high salaries and unsustainable pensions all trying to justify there jobs. now they will get legal to look at it more overpaid costly staff again with public sector pensions being paid for out of our council tax that we have just got the bill for, looks to me that licences are in order and issue dates current just another council with lack of understanding and knowledge of business.Nothing to worry about unless they have received another European directive that would force a public sector to have another jolly of course fully paid for by us.all best to all that still hold, John.

fish lips 13 Mar 2017

RNS 13 March 2017DORIEMUS PLC("Doriemus" or the "Company"Brockham Oil Field – Onshore UKDoriemus 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 believes 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)oriemus 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 contactoriemus Plc:www.doriemus.comDavid Lenigas (Executive Chairman) +44 (0) 20 74400640Hamish Harris (Non-Executive Director)Peterhouse Corporate Finance Limited +44 (0) 20 7469 0930Guy MillerFungai NdoreSquare 1 Consulting (Public Relations) +44 (0) 20 7929 5599David Bick

ybhere 03 Mar 2017

Doriemus Announcement More or less repeats the Angus RNS with comments from David LenigasDORIEMUS PLC("Doriemus" or the "Company"UK onshore Brockham Oil Field – UpdateMore Conventional Oil Identified in Kimmeridge and Production PlansDoriemus PLC is pleased to announce that the operator of the Brockham Oil Field, AngusEnergy Plc (“Angus” or the “Operator”, has provided a very significant update today withrespect the new oil production potential of the Brockham Oil Field just north of near GatwickAirport and the near term plans to bring the Kimmeridge oil in to production duringspring/summer this year at Brockham, which is a certified onshore UK production field.The Operator has stated it has confidence that the Brockham X4Z sidetrack well will be similarto Horse Hill and perhaps given that the reservoir is potentially much thicker in zones, theresults could be even better than those seen at the Horse Hill.In addition, the extensive log and geochemical analysis of the recently drilled Brockham X4Zsidetrack confirms: Brockham has very similar thickness of reservoir and properties to those reportedfrom 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 thickKimmeridge limestones themselves, but also over extensive intervals of interbeddedshales and limestones within the 385 metres gross thickness of the Kimmeridge drilledin this sidetrack and around 200 metres of Kimmeridge reservoir has this new oilpotential.The full Angus Energy Plc Brockham update news release is included below.David Lenigas, Doriemus’s Chairman, commented;“This is an outstanding update! Personally, as someone driving the controversial Horse Hill –1 well, this Brockham well now shows excellent potential to add the UK’s oil inventory andenergy security as Britain heads towards Brexit and I look forward to being part of bringingthis exciting well in to production shortly.”Interest in Brockham Oil Field (PL 235)oriemus owns a 10% direct interest in the Brockham Oil Field which is held under UKProduction Licence PL 235. Doriemus also holds a 10 per cent interest in Horse HillDevelopments Limited, the company which has a 65 per cent participating interest andoperatorship of the Horse Hill oil and gas project (licences PEDL 137 and PEDL 246) in the UKWeald Basin.YB

fish lips 26 Jan 2017

RNS For Immediate Release26 January 2017DORIEMUS PLC("Doriemus" or the "Company"UK onshore Brockham Oil Field UpdateWork completed and hydrocarbons encountered in all targeted zones. London-quoted Doriemus PLC (NEX: DOR) announces that the operator of theBrockham Oil Field, Angus Energy Plc, has provided an update today withrespect to the Brockham Oil Field stating that work to complete, log, case andcement the well at the Brockham Oil Field has now been successfully completedand potential reservoirs have been logged in the Portland, Kimmeridge andCorallian layers with all three formations having hydrocarbon shows. The fullAngus 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 thePortland and the Kimmeridge formations at the Brockham well as per the nearbyHorse Hill -1 well. Even more encouraging is that oil and gas shows areevident in the deeper Corallian formation, something that was not tested inthe Horse Hill well testing programme at the beginning of 2016. Doriemus is ashareholder in both Brockham and Horse Hill oil plays in the Weald Basin justnorth of London’s Gatwick International Airport and these Brockham wellresults to date bodes well for the oil propspectivity of the wider WealdBasin.”Interest in Brockham Oil Field (PL 235)oriemus owns a 10% direct interest in the Brockham Oil Field which is heldunder 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 alltargeted zonesAngus Energy plc (the “Group” is pleased to confirm that, further to the 18January 2017 announcement, work to complete, log, case and cement the well atthe Brockham oilfield has now been successfully completed and potentialreservoirs have been logged in the Portland, Kimmeridge and Corallian layerswith all three formations having hydrocarbon shows.The 6” hole has been electronically logged using quad combo and Ultra Wavefracture analysis, it has been cased and cemented, whilst the old open holeside-track has now been abandoned and cemented up back to inside the main wellcasing.The well will now, upon OGA confirmation, be renamed BR-X4Z.Further log analysis and laboratory work is currently being undertaken toprovide a better understanding of the Kimmeridge and other formations, butfrom the evidence so far, these appear to be the same in structure to the oilbearing Kimmeridge sections in the nearby Horse Hill-1 well. Notably, theCorallian formation, which lies immediately below the Kimmeridge, had both oiland gas shows.Jonathan Tidswell-Pretorius, the Company's Chairman, commented:"We are pleased to have encountered hydrocarbon shows missed in the previousdrilling by BP in 1987 in the three Kimmeridge target intervals and aredelighted to see encouragement for the predicted analogy to the Horse Hillgeology. Encouragingly, we have also seen oil and gas shows in the underlyingCorallian. Further analysis is underway to identify the extent of hydrocarbonpresence and the ability of these hydrocarbons to freely move into thewellbore. New Ultra Wave well logging technology has been used in the loggingof this well and will, once analysed, allow us to make an image of theborehole wall in order to map the presence of, and density of, naturalfractures in the target reservoirs. This will enable us to target the mostprospective zones which have the highest potential for future production.”We will update the market as soon as possible with the results of the furtheranalysis 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 yearsof relevant experience in the o

ybhere 25 Jan 2017

Angus Energy/Brockham DL tweeted worth a look at the Angus video presented by Andrew Hollis, Angus Lead Geologist[link]

ybhere 18 Jan 2017

Brockham Update Thanks to Joe Creed on the LSE siteBrockham oil field: UpdateAngus Energy plc. (the "Group" is pleased to confirm that, further to the 15 December 2016 announcement, site upgrade works to the production bunds are now complete and well intervention continues on site at Brockham. Accordingly, we anticipate the re-entry of the original Brockham-X1 well being completed within the week with the work to complete and case the well taking 2 to 3 days thereafter. The Group will update the market once the well is complete and then make a further announcement when it is in a position to fully evaluate the results of the geological evaluation assessment, expected to be 3 weeks thereafter.YB

ybhere 30 Dec 2016

From todays RNS at Angus re Final Results, they also give a bit of an update, interesting sections of RNS:-StrategyThe Directors' objective is to create long term value for shareholders by building the Angus Group into one of the leading UK onshore oil production companies. The Directors' strategy to deliver that is to focus on three areas: • Increase production and recovery from its existing asset portfolio.• Grow the asset portfolio through select onshore development and appraisal projects.· Actively manage costs and risks through operational and management control of the entire process of exploring, appraising and developing its assets. The Directors plan to focus operational activity over the next 12 months on its existing properties at Brockham and Lidsey. The work, if successful, will provide a strong financial basis for further growth of the Group, whilst also allowing for the assessment of the hydrocarbon potential of the Kimmeridge Limestones at Brockham which could prove transformational for the Group. As assessed by independent competent person, Xodus, the Group expects that it can bring gross production at its Lidsey oil field to over 250 bopd and average gross production from the Brockham oil site Portland reservoir close to 140 bopd in its first year of production. The Directors continue to review a range of such new projects both onshore UK and internationally in economically and politically stable economies, that fit the Group's investment and operating criteria. The current oil price also provides the potential for a listed Group that is an OGA-qualified operator, has an in-house management team with technical knowledge and operational and commercial skills to identify and acquire new projects.YB