Angus Energy Plc (LON:ANGS) and Doriemus PLC (LON:DOR) received a ‘pleasant surprise’ from the Lidsey oil project onshore UK, where the company now sees a ‘strong similarity’ to the Brockham oil field.
Geochemical analysis assessed the Kimmeridge and Oxford zones at the Lidsey field to determine their commercial viability.
READ: Angus Energy asked to apply for planning permission for Brockham well
Angus, the operator at Lidsey, said that the initial results indicate that the Kimmeridge and Oxford zones both have a strong similarity to the maturity of the Kimmeridge layers at Brockham field - and that has implications for the potential footprint of the overall Kimmeridge play.
The company added that it expects the Lidsey-X2 well is expected to be brought into production this week.
"The initial geochemical test results from the Kimmeridge and Oxford are a pleasant surprise,” said Paul Vonk, Angus chief executive.
READ: Angus Energy completes Lidsey-X2 drill programme near Bognor Regis
“Their similarity to our Brockham Oil Field BR-X4Z well in the north of the Weald Basin shows that Lidsey has the potential to increase the footprint of the oil bearing Kimmeridge layers in the Weald.”