Farm-in investment

18 October 2013 Doriemus plc (the "Company") UK Oil Farm-In Doriemos Plc (AIM: DOR) is pleased to announce that it has signed a BindingTerm Sheet ("BTS") with Angus Energy Weald Basin No. 3 Limited ("AngusEnergy"), a UK based oil production company, to farmin to a participating 10%in the producing onshore Lidsey Oilfield ("Lidsey") in West Sussex. Doriemushas a First Right of Refusal ("FROR") period to negotiate increasing itsparticipating interest to 25%. Highlights: • Lidsey currently produces 25 bopd from the Lidsey-1 well, which has been inproduction since 2008, with current operating costs of $45 per barrel. • A work over on the Lidsey-1 well is planned before the end of October 2013 toincrease production. • Doriemus has the option to maintain a 10% participating interest on theentire Oilfield by paying cash calls on a 2 for 1 basis on the next well atLidsey and thereafter by paying cash calls on a 1 for 1 basis on any furtherwells. • In 2002, an independent Schlumberger report concluded the most like 1Preserves of the filed are 230 mstb or 5.75% of the STOIIP and with anadditional well the 2P reserve would be 600 mstb or 6.5% of the STOIIP. • Angus Energy have acquired addition 2D seismic and revised reserves are inthe process of being calculated. Donald Strang, the Company's Chairman, commented: "The acquisition of an initial 10% working interest in a producing UK oil fieldautomatically makes Doriemos an oil producer in its own right and the Companylooks forward to participating with Angus Energy in optimising the potential ofthe Lidsey Oilfield." "The Lidsey investment is the first investment under the Company's new statedinvestment strategy, and represents a very exciting new direction for Doriemosshareholders." The Lidsey Oilfield ("Lidsey") is held under United Kingdom Production LicencePL241 which was granted on 2 December 1983. Oil was discovered on Lidsey in1987 by Carless Exploration when an exploration well successfully flowed oil.Lidsey has one vertical producing well in the Jurassic, Great Oolite reservoirwhich has produced an average of 25 bopd of 38 API oil over the past 12 months.The Lidsey surface facilities are fully permitted and operational with onsiteoil storage of 2,000 barrels. The Licence is an ever green production licence, providing the field remains anactive oil production status. A rent review on the Licence is expected in 2017. Terms of the Acquisition: In consideration, Angus Energy have been paid an initial cash payment of £10,000 and will be issued 100 million ordinary shares in Doriemus (the"Consideration Shares") on signing of the BTS. Angus Energy will also be paidan addition payment of £230,000 on signing of the formal Farm In Agreement("FIA") which will be executed on or before 18 November 2013. Angus has granted Doriemus a 60 day FROR to purchase an additional 15%participating interest in the Licence following completion of the FIA. Application has been made for the Consideration Shares to be admitted totrading on AIM and it is anticipated that Admission will occur on 25 October2013. Following Admission, the Company's enlarged issued share capital will comprise3,559,999,998 ordinary shares. The Company does not hold any shares intreasury. This figure of 3,559,999,998 ordinary shares may be used byshareholders in the Company as the denominator for the calculations by whichthey will determine if they are required to notify their interest in, or achange in their interest in, the share capital of the Company under the FCA'sDisclosure and Transparency Rules. For further information please contact: Doriemus plc Donald Strang +44 (0) 207 440 0640 Hamish Harris Sanlam Securities UK Limited Simon Clements/Virginia Bull +44 (0) 207 628 2200