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Doriemus PLC and Angus (Operator of Brockham): UK onshore Brockham Oil Field Update

London-quoted Doriemus PLC (ISDX: DOR) is pleased to announce that work has now commenced on operations at the Company’s Brockham Oil Field (“Brockham”), which is located near Gatwick Airport and which is also situated only about four and a half miles north west from the Company’s first significant oil strike at the Horse Hill oil discovery which had excellent oil flow rates in March this year from the testing programme.

This Brockham well is the latest initiative by Doriemus in actively participating in UK onshore conventional oil exploration designed to boost domestic oil.

Angus Energy Plc (“Angus Energy”), the operator of Brockham, has just advised Doriemus that they have today received the all important final approvals required from the UK Government Oil and Gas Authority’s  (“OGA”) and HSE to commence the work on the BR-X4Z well on UK onshore Production Licence PL 235.

The rig is now on site and has commenced work, as per the approved programme, and has started to abandon the required redundant wells in the upper Portland formation before re-entering the original Brockham-X1 well that BP drilled in 1987 down through the Portland, Kimmeridge, Corallian and in to the much deeper greater Oolite formations. All the original BP wells at Brockham that passed through the Kimmeridge and Corallian formations were drilled without properly assessing their hydrocarbon potential.

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.

David Lenigas, Executive Chairman of Doriemus Plc, commented:

“I’m very pleased that Angus have managed to get the required approvals from the UK Government to perform this new work at Brockham and that they have already started operations on this exciting project ahead of the end of the 2016 calendar year. Doriemus looks forward to reporting the results of this very important oil exploration well for Brockham and the wider Weald Basin in due course."

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