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”), 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:
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