Doriemus Plc is a natural resources investment company with a current focus on and in a portfolio of UK based oil & gas production assets.Investments may be considered in various regions to the extent that the New Board considers that value opportunities exist
and attractive returns can be achieved.

http://www.doriemus.co.uk/


Current Asset Base :

A participating interest of 20% in the Producing Lidsey Oilfield
in West Sussex and an exclusive option to increase to 25%.

A participating interest of 10% in UK Production Licence PL 235,
which comprises the producing onshore Brockham Oil Field in Surrey.

A participating interest of 7.5% in The Horse Hill Petroleum Exploration
and Development Licence No. 137 (PEDL 137) located in Surrey.

vital approval received
Doriemus PLC

Update - Horse Hill


21 July 2014

Doriemus plc

("Doriemus" or the "Company")

Update - Horse Hill

Doriemus Plc (AIM: DOR) announces that Horse Hill Developments Ltd ("HHDL")
received formal notification from the UK Department of Energy and Climate
Change ("DECC") on 17 July 2014 that:

* The Secretary of State has granted the transfer and apportionment of rights
of 65% of Licence PEDL 137 from Magellan Petroleum (UK) Limited to HHDL;
and

* The Secretary of State has granted approval of appointment of HHDL as
Exploration Operator of Licence PEDL 137.

These approvals and consents granted by the DECC are valid until 17 October
2014, to enable HHDL to meet its obligation under the agreements in place
between HHDL and Magellan Petroleum (UK) Limited to drill the Horse Hill-1 well
on Licence PEDL 137.

The Horse Hill-1 well is proposed to have a total depth of 8,512 feet and is
targeting a number of conventional stacked oil and gas targets.

Doriemus has a binding agreement in place to own a direct 10% interest in HHDL,
a special purpose company that owns a 65% participating interest and
operatorship of the Horse Hill Oil Field in the Weald Basin.

Donald Strang, the Company's Chairman, commented:

"The site construction works are progressing to plan and we look forward to
spudding the Horse Hill-1 well."

Enquiries:

Doriemus plc +44 (0) 20 7440 0640
Donald Strang/Hamish Harris

fantastic buy in level atm .155 - wont be that cheap for long
gla

lunchtime bargain hunters will be hoovering these up soon if any left - already recovering :-)

dor nearly time to turn blue again building up to next news which is close
gla

topped up today- currently only .152 buy
yeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

get used to blue here work progressing http://postimg.org/image/j6i9ok1qd/

moving ;

Oops! A wheel fell off! :o)

lol kim - NO SIR! gonna fly today
yeeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa


Wednesday 03 September, 2014


Doriemus PLC

Drilling commences at Horse Hill


3 September 2014

Doriemus plc

("Doriemus" or the "Company")

Drilling Commence at Horse Hill

Doriemus Plc (AIM: DOR) is pleased to announce that drilling operations on the
Horse Hill-1 well have now commenced.

The Horse Hill-1 well is planned to be drilled to a Total Depth ("TD") of 2,646
metres (8,680 feet) and is designed to test for a number of conventional
stacked oil targets in the Jurassic, as well as a deeper conventional gas
target in the Triassic.

The operator, Horse Hill Developments Ltd ("HHDL"), is a special purpose
company with a 65% operating interest in the PEDL 137 license in the Weald
Basin to the north of Gatwick Airport in Surrey. Doriemus has binding
agreements in place to own a direct 10% interest in HHDL.

The participants in the Horse Hill Prospect are HHDL (65%) and Magellan
Petroleum Corporation (35%).

Donald Strang, the Company's Chairman, commented:

"This is an exciting time for Doriemus. We are very pleased that drilling
operations are now underway on this exciting prospect. The next few weeks will
be a busy and interesting phase for this investment."

Enquiries:

Doriemus plc +44 (0) 20 7440 0640
Donald Strang/Hamish Harris

Cairn Financial Advisers LLP +44 (0) 20 7148 7900
Nominated Adviser and Broker
James Caithie/Jo Turner/Carolyn Sansom


About Horse Hill:

The 99.29 km2 (24,525 acre) Horse Hill Petroleum Exploration and Development
Licence No. 137 (PEDL 137) ("Horse Hill") is located in Surrey, a few miles
from Gatwick Airport

The Horse Hill Prospect OOIP and OGIP and prospective resources, as previously
announced by the Company, are summarised in Table 1.

Table 1: Horse Hill Prospect estimated OOIP, OGIP and Prospective Resources.

Target Reservoir OOIP OOIP Prospective
Resources
Oil Upside Potential Mean (MMSTB)
(MMSTB) Mean (MMSTB )

Upper Portland 116 57 17
Sandstone

Lower Portland 284 147 44
Sandstone

Corallian Sandstone 67 33 10

Greater Oolite 204 104 16
Limestone

Total Oil 671 341 87

Target Reservoir OGIP OGIP Prospective
Resources
Gas Upside Potential Mean (Bcf)
(Bcf) Mean (Bcf)

Triassic Sandstone 456 234 164

Glossary:

MMSTB million stock barrels

Bcf billion cubic feet

OOIP Original Oil in Place

OGIP Original Gas in Place

Prospective Resource Prospective resources are estimated volumes associated
with undiscovered accumulations. These represent quantities of petroleum which
are estimated, as of a given date, to be potentially recoverable from oil and
gas deposits identified on the basis of indirect evidence but which have not
yet been drilled. This class represents a higher risk than contingent resources
since the risk of discovery is also added. For prospective resources to become
classified as contingent resources, hydrocarbons must be discovered, the
accumulations must be further evaluated and an estimate of quantities that
would be recoverable under appropriate development projects prepared.

moving

yeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

NR promising news next week and advising that the initial 30ft per hour drilling speed will accelerate as we go a bit deeper.

Even at 30ft per hour they will go through the first oil shows within 24 hours, which should either be at circa 200 ft as there are two local wells producing oil from that depth or a few hundred feet deeper based on Esso's old log data.

-------------

SP performance will be interesting over the coming week, as it will either incrementally rise day on day, or ping pong around for a few days going nowhere, before spiking just before news. Either way, early news may leak and/or rumours may fuel sp movements, so it should be fun if you are holding or ulcer inducing if you try and trade it.

The perceived wisdom of the masses on the AIM is to sell on news, but aside from the masses being persistently wrong on their AIM investment strategy, in this instance we have 4 know stacked oil targets plus a few unknown oil targets. Esso had oil shows in 7 different systems, so there are at least 3 unannounced oil systems that we will be looking at for certain on the way down, and then of course there's the gas at the bottom. DL has tweeted that if they find gas, then they will just keep drilling to 10,000 ft, which makes sense, so we could end up with more than one gas reservoir.

Trying to predict this drill and the timing of what it funds and when news will be announced is next to impossible, given the unknown additional targets, so it's best to ignore all pi produce timetables / pi assertions / etc, and just listen to what the directors of the consortium are telling us, and await results.

Yes, some pi's will want to top slice / profit take / de-risk during the drill and will be clamouring for reassurance of timescales and sp predictions, but that's just noise, so filter it out, and just stick with your strategy, whatever it may be.

a view:

br media on solo Neil Ritson said as of this morning ( friday ) drill at 700ft and drill speed increased from 30ft an hour to 35ft hour. Upper Portland first target was 1750ft-1800ft, leaving 1100ft to go at 35ft an hour ( non stop as Ritson said ) means 31 hours from friday am = roughly 4pm saturday target reached. To be cased and cemented at this point. Likelihood of oil shows and oil in upper Portland very high. RNS 7am Monday very likely :)))

strong half yearly rns just out - should be noted NO DEBT NO DILUTION and strong cash position:

The Company has a strong balance sheet with no debt and current assets
including cash as at 30 June 2014 amounting to £1,315,000 and eagerly awaits
results from the drilling of the HorseHill-1 well in the Weald Basin just north
of Gatwick Airport.

FANTASTIC!

6th October 2014 : Doriemus confirms oil shows at Horse Hill-1
StockMarketWire.com

should be blue after dl interview this morning

wire news next week - cheap as chips right now imo

i would not want to be out of dor for the foreseeable!
http://www.telegraph.co.uk/finance/11171067/HORSE-HILL-SUNDAY-STORY-HEADLINE-TO-COME.html

http://seekingalpha.com/article/2519385-magellan-petroleum-should-double-as-asset-values-get-unlocked

http://www.telegraph.co.uk/finance/11171067/Oil-find-expected-in-Britains-Dallas.html

LEAK - MOVING!