DOR 0.00% 6.4¢ doriemus plc

The weald basin is looking very exciting in the UK. DOR has a...

  1. 4 Posts.
    The weald basin is looking very exciting in the UK. DOR has a 30% interest in the lidsey oil field which is being drilled as we speak and put straight into production. Aiming for between 400-1500 bopd and expected within about 5 weeks approx. 10% interest in Another producing oil field Brockham which is due to go into production very shortly and is only 5 miles away from Horse hill where initial flow tests produced the highest initial onshore flow test results on record in the UK. results from Brockham X4Z confirm very similar thickness of reservoir and properties to those reported at Horse Hill. The gross thickness of Kimmeridge in Brockham X4Z is some 385m thick. The two limestone intervals (each around 30m) tested in Horse Hill are also seen in the Brockham well. The reservoir properties appear to be very similar to Horse Hill, based on electrical logging evidence.
    HH flowed at over 1500bopd. I'm expecting closer to 2000bopd at Brockham and 700-1000 at lidsey. Imho DOR could be producing between 400-500 bopd and only has a mcap of £7m. Very exciting company, very exciting prospects and huge upside potential within a short amount of time.
 
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