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.

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!

very strong blue tomorrow
gla

rns - take off time.........................

Portland Oil Discovery, Horse Hill-1, Weald Basin
RNS Number : 1802V
Alba Mineral Resources PLC
24 October 2014


For Immediate Release, 7 am

24 October 2014



Alba Mineral Resources PLC

("Alba" or the "Company")



Portland Oil Discovery, Horse Hill-1, Weald Basin UK





Alba Mineral Resources PLC (AIM: ALBA) today announces that, following preliminary evaluation of the electric logs, the Horse Hill-1 well has discovered an oil accumulation in the conventional Upper Jurassic Portland Sandstone at a top reservoir depth of 1,791 feet TVDss.



A preliminary most likely estimate of 3.1 million barrels ("mmbbls") of gross in place hydrocarbon volume has been calculated within the upper Portland, with a further gross unrisked in place prospective hydrocarbon volume of 16.8 mmbbls of oil in a separate lower sand in the Portland interval located in an untested fault block to the south. As previously announced, the well is being deepened to the Triassic where an additional target, believed to have potential for gas, is expected to be reached in the next two weeks.



The Portland Sandstone was previously reported on 16 October 2014 to have oil shows in cuttings and elevated gas readings whilst drilling and these indications have been confirmed by independent petrophysical analysis of the electric logs acquired in the well during the last week. Further analysis is continuing to establish the recoverable volume of oil that has been discovered.



Michael Nott, Alba's CEO, commented:



"We are delighted with the results so far from this well. The presence of a larger, unappraised, Portland feature creates considerable further upside. We are now looking forward to drilling the Triassic, which is a new and untested exploration target in the area and which, if successful, may contain appreciable volumes of gas."



The Horse Hill-1 well is located on the northern side of the Weald Basin near Gatwick Airport. Alba owns a 5% interest in Horse Hill Developments Limited ("HHDL"), a special purpose company. HHDL owns a 65% participating interest and is the operator of onshore licences PEDL 137 and the adjacent licence PEDL 246 in the Weald Basin. The participants in the Horse Hill-1 well are HHDL with a 65% working interest and Magellan Petroleum Corporation with a 35% interest. Alba's net interest in any discovery is 3.25%.



Additional analysis:



The upper Portland Sandstone reservoir, which produces at the nearby Brockham oil field, was also intersected by the Collendean Farm-1 exploration approximately 790 metres north of the Horse Hill-1 well. Using the solely available 2D seismic data and the well results, the operator has mapped an area of closure of approximately 3.8 square kilometres where the Portland Sandstone is above the observed oil down to a depth of 1,901 feet TVDss. The presence of two wells within the same mapped structural closure significantly increases the confidence in a commercial discovery and there is every indication that the Portland reservoir can be developed as a commercial oil field.



The gross oil bearing upper Portland Sandstone interval in Horse Hill-1 measures 102 feet, has an average porosity of over 16% and average oil saturation is estimated as 36%. Based on regional and local trends, confirmed by wells at Brockham, these reservoir parameters indicate a high likelihood of production at commercial rates. The equivalent interval in the Collendean Farm-1 well, drilled by Esso in 1964, shows similar reservoir characteristics over a 97 foot gross interval. The gross oil column contained within the Horse Hill-Collendean Farm structure is in excess of 140 feet.



The lower Portland Sandstone reservoir, which is seen to be water wet in Horse Hill-1 and Collendean Farm-1, lies above the oil down to an untested fault block to the south of the Horse Hill-1 well and is interpreted to contain a prospective most likely in place oil gross volume of 16.8 mmbbls.



The Corallian Sandstone and Great Oolite targets in the Horse Hill-1 well are not seen on electric logging to contain moveable hydrocarbons, however, further evaluation of several thick Kimmeridgian-age limestones, which had hydrocarbon shows and elevated mud gas readings whilst drilling, may provide additional oil potential within the well.



Low, medium and high estimates of Portland oil in place are summarised in Table 1.



Table 1: Estimated gross in place discovered and undiscovered oil volumes



mmbbls, in-place-oil


Low (P90)


Medium (P50)


High (P10)

Discovered


1.5


3.1


4.8

Undiscovered


7.8


16.8


29.7



The gross in place hydrocarbon volumes have been prepared by Stephen Sanderson acting as the competent person on behalf of HHDL.



Volumes have been prepared using the methodologies and standards published by the Society of Petroleum Engineers.



The gross in place hydrocarbon volumes presented should not be considered as either contingent resources or reserves.



Competent Person's Statement:



The technical information contained in this announcement has, for the purposes of the AIM Guidance Note for Mining, Oil and Gas companies, been reviewed and approved by Jonathan Tidswell-Pretorius, Executive Director at HHDL and Chairman of Angus Energy Ltd, a UK registered onshore operator who has 15 years of relevant experience in the oil and gas industry. Mr. Tidswell-Pretorius is a member of the Society of Petroleum Engineers and United Kingdom Onshore Oil and Gas (UKOOG) industry bodies.



Glossary:



2D seismic


seismic data collected using the two-dimensional common depth point method

contingent resources


those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations, but the applied project(s) are not yet considered mature enough for commercial development due to one or more contingencies. Contingent Resources may include, for example, projects for which there are currently no viable markets, or where commercial recovery is dependent on technology under development, or where evaluation of the accumulation is insufficient to clearly assess commerciality

discovered/discovery


a discovery is a petroleum accumulation for which one or several exploratory wells have established through testing, sampling and/or logging the existence of a significant quantity of potentially moveable hydrocarbons

electric logs


tools used within the wellbore to measure the rock and fluid properties of surrounding rock formations

mmbbls


million barrels

oil down to


the deepest level where oil saturation is measured at the base of a porous reservoir where it directly overlies rock of very low porosity and permeability where no reliable oil water contact can be established

oil in place


the quantity of oil or petroleum that is estimated to exist originally in naturally occurring accumulations before any extraction or production

oil saturation


the percentage of available pore space within the reservoir containing oil

P10


a 10% probability that a stated volume will be equalled or exceeded

P50


a 50% probability that a stated volume will be equalled or exceeded

P90


a 90% probability that a stated volume will be equalled or exceeded

porosity


the percentage of void space in a rock formation, where the void may contain, for example, water or petroleum

reserves


those quantities of petroleum anticipated to be commercially recoverable by application of development projects to known accumulations at a given date forward under defined conditions

TVDss


true vertical depth below a subsea datum

undiscovered


those quantities of petroleum which are estimated, as of a given date, to be contained within accumulations that have not been tested by drilling