Tom Winnifrith Bearcast: is my old chum Paul Atherley suffering from Islingtonitis, Guardian reading derangement syndrome?
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And he went out from thence, and came into his own country; and his disciples follow him. And when the sabbath day was come, he began to teach in the synagogue: and many hearing him were astonished, saying, From whence hath this man these things? and what wisdom is this which is given unto him, that even such mighty works are wrought by his hands? Is not this the carpenter, the son of Mary, the brother of James, and Joses, and of Juda, and Simon? and are not his sisters here with us? And they were offended at him. But Jesus said unto them, A prophet is not without honour, but in his own country, and among his own kin, and in his own house. And this brings us to Big David Lenigas.
Oh dear. To have one POS turfed off the AIM Casino might be considered unfortuaate but to have two booted off and forced to flee to the ISDX lobster pot looks like carelessness. And so after the tobacco smuggling business of Afriag (AFRI) departed, next up is Doriemus (DOR). Oh dear.
It seems an unusual way to keep investors informed but one of the Horse Hill runners and riders, Doriemus (DOR) has provided a drilling update by twitter. Oh no it hasn't. DoriemusPLC is not an official account - I was fooled. I apologise. The tweet reads:
The excitement is mounting at Horse Hill, the oil prospect near Gatwick. But what is the timescale and what is the upside. Soon and big! But caveat emptor.
Doriemus (DOR) became an oil company via a RTO of AIM listed TEP Exchange. On Friday it was announced that the TEP business is to be sold to managers for £1. My friend Brokerman Dan (Dan Levi) reckons this is a gross cheek and says he is bidding £1000.
This updated piece clarifies that the listed companies mentioned own stakes in Horse Hill Developments Limited, which owns 65% of the Horse Hill oil exploration project.
Since the beginning of June, there has been increasing speculation concerning the upcoming Horse Hill oil exploration drill in Surrey. Share prices of the four original David Lenigas influenced companies have increased by 200-300% in this time and I expect each of them to move even higher in the next few weeks, as the excitement increases the closer we get to the commencement of drilling. On Friday, two further companies joined the Horse Hill party in the form of Alba Mineral Resources (ALBA) and Regency Mines (RGM). It is worth mentioning that Regency also has a 14.9% stake in Alba, but the question remains which of the Horse Hill horses could be the largest winner?
Doriemus (DOR), the West Sussex oilfield owner and investment company, currently provides more technical challenges than just what the name of the company means in Latin or whether it was inspired by a rather successful Australian racehorse of modest heritage from the early 1990s.
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