3D Seismic Survey Completed (6720A)

TIDMSLE

RNS Number : 6720A

San Leon Energy PLC

04 February 2011

 
 SAN LEON ENERGY 
  ("San Leon" or the "Company") 
  Szczecinek 3D Seismic Survey Completed 
 San Leon is pleased to announce that it has completed a 60 
  sq. km 3D seismic program over the Szczecinek block in northern 
  Poland. San Leon (50%) and its partner Gas Plus International 
  B.V. (50%) are currently processing the new data and plan to 
  begin detailed interpretation in March with a view to drilling 
  an exploration well later this year. The survey is targeting 
  the high potential "Sylvia" oil prospect in the Main Dolomite 
  of the Permian Zechstein Formation. "Sylvia" is an analogue 
  to two of the largest oil discoveries in Poland, which were 
  only discovered from the early 1990's through early 2000's 
  with potential reserves in excess of 100 mmbbls of recoverable 
  oil. 
  Oisin Fanning, Chairman of San Leon commented: 
  "I am delighted that our exploration team will now have the 
  data necessary to evaluate this high potential oil play. The 
  new seismic will enable our in-house team to locate and permit 
  well locations for our planned drilling program."

February 4, 2011

ENQUIRIES

 
San Leon Energy 
 plc                   Oisin Fanning, Executive Chairman    +353 1291 6292 
 John Buggenhagen, Director 
  of Exploration 
 
Macquarie Capital                                           +44 (0)203 037 
 (Europe) Limited                                                     2000 
 John Dwyer 
 Paul Connolly 
 Ben Colegrave 
 
Fox-Davies Capital                                         +44 (0) 203 463 
 Limited                                                              5010 
 Phil Davies 
 David Porter 
 
Arbuthnot Securities   Nominated Adviser                   +44 (0) 207 012 
 Limited                                                              2000 
 Nick Tulloch 
 Ben Wells 
 
College Hill           Investment Relations Adviser        +44 (0) 207 457 
                                                                      2020 
 Nick Elwes

Qualified person

John Buggenhagen has over 15 years experience in the oil & gas industry. He has a Ph.D. and M.Sc. in Geophysics from the University of Wyoming and a B.Sc. in Geophysics from the University of Arizona. He is currently the Director of Exploration for the San Leon Energy Group and based in San Leon's Warsaw office in Poland.

This information is provided by RNS

The company news service from the London Stock Exchange

END

DRLBRGDDUDGBGBX

San Leon Energy (LSE:SLE)
Historical Stock Chart
From Jun 2024 to Jul 2024