10 July 2017
Doriemus PLC
(“Doriemus” or
“the Company”)
Update on Horse
Hill
Doriemus (NEX: DOR) is pleased to announce that it has been
informed by the operator, Horse Hill Developments Limited (“HHDL”),
that following communications with the Surrey County Council
(“SCC”), we now understand the Horse Hill planning application will
be determined at the scheduled SCC Planning Committee meeting of
either August or September 2017. The
planning application seeks consent to long-term production test
HH-1 and to drill two further wells. HHDL’s plans remain unchanged,
with flow testing expected to commence in Q4 2017.
The Company owns 10% of HHDL, which owns 65% of the Horse Hill
Licences which hosts the HH-1 oil discovery well, or a 6%
attributable interest in the licences.
The Directors of the Company accept responsibility for the
contents of this announcement.
For additional information, please contact:
Doriemus plc +44 (0) 20 7440 0640
David Lenigas
Hamish Harris
Peterhouse Corporate Finance Limited +44 (0) 20 7469
0930
Corporate Adviser
Guy Miller/Fungai Ndoro