Doriemus has issued an update on the drilling of the new Lidsey-X2 production well at the Lidsey oil field, located at the southern edge of the onshore Weald Basin.
It said the well operator, Angus Energy, had announced that it had successfully completed the drilling of the Lidsey-X2 production well.
Doriemus executive chairman David Lenigas said 'This is an excellent result for Doriemus and its shareholders.
'The drilling of the Lidsey-X2 production well has gone like clockwork, and we are pleased to report that the Company's first new oil production revenues are not far away, with the Lidsey-X2 well preparing to bring on line 443m of net oil pay from the Greater Oolite conventional limestone reservoir.
'We are also encouraged that the Lidsey-X2 well site offers scope for further developments with the potential extention of the Greater Oolite reservoir horizon and the prospects of further oil zones being identified within the Kimmeridge and Oxford layers which are now being analysed post drilling.'