Industry

David Lenigas quits Doriemus

Doriemus

Doriemus plc, which has oil interests in the Weald in southern England, has replaced its chairman.

The company said in a statement today that David Lenigas had resigned “effective immediately”. He has been replaced by Keith Coughlan.

Mr Lenigas has been a director of Doriemus since June 2016. He was previously a director of UKOG companies. He tweeted today that he was focusing on medical cannabis.

Mr Coughlan is currently managing director of European Metals Holdings Limited, non-executive director of Calidus Resources Ltd and Southern Hemisphere Mining Limited. The statement he had almost 30 years experience in stockbroking and funds management.

Doriemus has a 4% interest in Horse Hill Developments Ltd, the operator of the Horse Hill licence near Gatwick Airport. The company also has a 10% interest in the Brockham licence near Dorking and 5% in PEDL331 around Arreton on the Isle of Wight.

In April 2019, Doriemus sold its interest in Lidsey, near Bognor Regis in West Sussex, to the operator, Angus Energy.

4 replies »

  1. Par for the course with Lenigas, get in, get discounted shares, pump the SP, sell at a profit, then leave mug investors paying the price.

  2. Definitely, PaulaC.

    Mind you, getting the GP to prescribe is not so easy, whilst they will prescribe flying off to a bit of sun, aided by that nasty old oil.

    Vets seem more willing to prescribe for dogs. But, you can get a blood test result within 10 minutes for dogs as well.

    Funny old world.

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