July 26, 2016 - 4:00 AM EDT
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DORIEMUS PLC - Corrected: Doriemus appoints Houston Based Nutech

26 July 2016

The Company’s announcement of yesterday was incorrect. In the first paragraph it is stated that the operator is the owner of 80 per cent. of the Brockham Oil Field. In fact the operator owns 60 per cent. of the Brockham Oil Field. The full and correct announcement is repeated below.

Doriemus PLC

(“Doriemus” or the “Company”)

Doriemus appoints Houston Based Nutech

Doriemus PLC (ISDX:DOR), the London Listed UK focused oil and gas exploration and production investment company,  is pleased to announce it has engaged, in conjunction with the operator and owner of 60 per cent. (Angus Energy Weald Basin No. 3 Limited) of the producing onshore Brockham Oil Field (“Brockham”), US-based NUTECH Energy Alliance Ltd. ("NUTECH"), one of the world's leading companies in petrophysical analysis and reservoir Intelligence, to assist the company assess and more fully understand the potential of it’s Brockham Oil Field, oil and gas acreage in the UK’s Weald Basin. The Company owns a 10 per cent. participating interest in the UK Production Licence No. 235 (“PL 235”) which comprises the producing onshore Brockham on the northern flank of the Weald Basin.

Headquartered and operating in Houston, Texas, NUTECH (www.nutechenergy.com) is a global oil services company specialising in reservoir evaluation and optimisation at all stages of the exploration and production life-cycle.  NUTECH have analysed nearly 100,000 wells globally, for super majors to small independents in 80 countries, containing many of the world's major conventional and unconventional hydrocarbon plays.

David Lenigas, Doriemus’s Executive Chairman, commented;

"I have worked with Nutech extensively in the past in their assessment of the Horse Hill Licences in the Weald Basin and the wider Weald Basin in general, and I am delighted that the Company will gain access to NUTECH's proven global technical expertise, to help us understand the potential of our assets in the Weald.” 

The directors of the Company accept responsibility for the contents of this announcement.

-ENDS-

Doriemus Plc:                                                                 
David Lenigas
Hamish Harris
Donald Strang
+44 (0)20 7440 0640
Peterhouse Corporate Finance Limited
Guy Miller
Fungai Ndoro
+44 (0)20 7469 0930

ABOUT DORIEMUS

Doriemus has three main UK oil investments, and these are all conventional onshore oil plays in the Weald Basin south of London. The Company has a direct 10% interest in the producing Brockham oil field (PL235), located 6 miles north of Gatwick Airport; a 20% interest in the producing Lidsey oil field (PL241), located north of Bognor Regis; and a 10% interest in Horse Hill Developments Limited, which owns a 65% interest in the new Horse Hill oil discovery (PEDL137/PEDL246) near Gatwick Airport.


Source: PR Newswire (July 26, 2016 - 4:00 AM EDT)

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