Doriemus farms down The Horse 

DORIEMUS is offloading 60% of its 10% stake in Horse Hill Developments which in turn owns 6.5% of the Horse Hill field that targets the Weald Basin and is home to famed ‘Gatwick Gusher’ in a move to bring some capital to assist its onshore Canning Basin plans in Western Australia. 

Doriemus farms down The Horse  Doriemus farms down The Horse  Doriemus farms down The Horse  Doriemus farms down The Horse  Doriemus farms down The Horse 

Company farming down partial stake in UK-focused oil company for WA projects 

 
 
The A$3.5 million deal is actually an all-scrip arrangement for 130 million shares in its HHDL partner UK Oil & Gas.
 
It works out at 1.