Doriemus, page-5

  1. 198 Posts.
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    Hey wanderlust..yep doriemus is a " must to invest in imho if anyone wants to get into UK oil and especially the weald .if peolr here have heard of the "Gatwick gusher " we have 10% of that .5% of iow play..10% of the brockham licence and 20% of the lidsey field with 30% of the current L2 well which is about to spud this week and produce from the oolite but also test the kimmeridge layer. Schlumberger estimates just from the oolite are between 400bpd and 1500bpd...the company believe around 1000bpd and because it's onshore UK costs are low with a current profit of around $35-40 per barrel and if the kimmeridge looks good at lidsey we can fast track it into production as we have a production licence..then there's the buggy which is brockham licence..we have 10% of that and the operator's are Angus energy. The logs suggest it is better than the Gatwick gusher which flowed over 1300bpd ( a UK record) and perforated 40mtrs..after we get ong approval for brockham ( which is due to land any day) we will perforate 200mtrs thick of kimmeridge later( not 40mtrs) so could see anything from 2000bpd + imho with more wells to come..the Gatwick gusher will also be doing ewts soon which we will get revenue from...alk this will make doriemus cash rich this year and be only 2 of 2 oil production companies in the UK producing from the kimmeridge with other companies still years away.ukog which own alot of acreage but don't have a production licence have an mcap of nearly 300million...dor mcap is 7mill with production licences...so you can see the massive upside here..with cash in the bank and going to be generating millions in the coming year and expanding acreage. We list on asx hopefully in afew weeks...its going to be massive imho .I believe 50mill mcap easily as it's been one of the most overlooked shares on aim.thid is also the only company in UK oil industry in the weald that will be listed on asx.
 
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