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REPEAT: Doriemus, UK Oil & Gas Investments To Start Drilling Brockham Well

Tue, 01st Apr 2014 11:11

LONDON (Alliance News) - Doriemus PLC and UK Oil & Gas Investments PLC said Tuesday they received final approvals from the UK government to drill a conventional side-track well on the Brockham Field in the Weald Basin.

The companies said the drill rig is expected to spud within 10 to 14 days, and the planned 450-metre side-track well is expected to be drilled and completed as a producer by the end of April.

UK Oil & Gas Investments owns 6% of Angus Energy Ltd, the operator of the Brockham field. Doriemus holds 10% of the field.

Shares in UK Oil & Gas Investments last traded at 0.55 pence per share. Shares in Doriemus were up 2.4% at 0.138p midday Tuesday.

By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty

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REPEAT: Doriemus, UK Oil & Gas Investments To Start Drilling Brockham Well

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