New listing Doriemus coming on 3rd of octorber http://www.asx.com.au/prices/upcoming.htm
Only 7mill mcap..uk oil company with great weald basin assets just spudded lidsey well today which the operator is Angus energy and dor own 30% of the well and 20% of the field....
Energy Plc
("Angus Energy", the "Group" or the "Company")
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Drilling Commences - Lidsey-X2�
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Angus Energy Plc�is pleased to announce that following its announcement of 8 September 2017, the drilling of Lidsey-X2 has now commenced at the Lidsey Oil Field near Bognor Regis.
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Lidsey-X2 is a conventional production well targeting the existing Great Oolite Reservoir. The existing production well Lidsey-X1 has been temporarily suspended due to the site preparation works required for the drilling of Lidsey-X2. �Design options are currently under consideration to either convert the Lidsey-X1 into a water injector or perform production from the Kimmeridge. No decision will be made until a full analysis of the Lidsey-X2 drilling results are complete. �
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The Lidsey-X2 is expected to pass through the Kimmeridge formation enabling Angus Energy to assess its potential at the southern edge of the Weald Basin. The formation will be logged thoroughly as part of the drilling process.
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The Company's operational guidance from 8 Sept 2017 is unchanged. The current works have an expected operating window of approximately six weeks before actual production from the Lidsey-X2 horizontal well commences.
