Nice to see6 Nov 2017 09:56
Dor's bod have woke up, and issued an Rns.
Doriemus Plc
("Doriemus" or the "Company")
Lidsey-X2 Production Well Operations Update
Doriemus plc (Listed in Australia ASX:DOR and listed in London NEX:DOR) ( Doriemus or the Company ), is pleased to provide an update from Angus Energy Plc (the Operator ) on the drilling of its new Lidsey-X2 production well at the Lidsey Oil Field, located at the southern edge of the UKs onshore Weald Basin, south of London.
The Operator of the Lidsey Oil Field, Angus Energy Plc, has advised that:
As per the Companys guidance and news release dated 13 October 2017, geochemical analysis of the Kimmeridge and Oxford layers at the Lidsey Oil Field were undertaken to determine their commercial viability. The Company is pleased to advise that the initial results conducted on the drill cutting samples from the 66.2 metres of Kimmeridge and 105.0 metres of Oxford layers indicate a strong similarity to the maturity of the Kimmeridge layers at Brockham Field.�
In terms of temperatures at the time of maximum burial, which is an important factor in the generation of oil, the historical temperatures were encouragingly higher than anticipated given the location of the Lidsey Field in the Weald Basin. Indeed, analysis of Tmax (maximum historical temperature seen by the rock) gave a range which overlapped with those seen in Brockham and an average temperature within 3 degrees (0.7 %) of those seen in Brockham. In addition, the TOC (total organic content) was virtually the same�within experimental error.
The geochemical evaluations were performed by the same third party organization that provided the same analysis on the drill cuttings at Horse Hill and Brockham.
Further to the Companys RNS of 13 October 2017, the BDF-28 drilling rig has now been fully demobilised. The Lidsey-X2 well has been prepared for production after completing the installation of the flowlines from the well head to the storage tanks, pump and other necessary equipment.� The Companys guidance for actual production has been adjusted by seven days. After the trial operation of the pump mechanism carried out last Friday, the pump experienced a minor technical difficulty requiring repair and is currently being repaired prior to the well going in to full service.
Angus Energy still expects to put Lidsey-X2 into full production this week. The Company will perform testing to optimize production rates and provide an update in due course.
David Lenigas, Doriemus Plcs Executive Chairman, commented;
The Operator is ready to bring the Lidsey Oil Field in to production this week, a very significant milestone for Doriemus. The revelation that the initial geochemical test results from the Kimmeridge and Oxford are considered by Doriemus as providing additional upside for Lidseys ultimate production potential, especially considering that we have all the approvals in place for a a re-work of the Lidsey-1 well an
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