Drilling Update (3133L)

TIDMSLE

RNS Number : 3133L

San Leon Energy PLC

29 July 2011

SAN LEON ENERGY

("San Leon" or the "Company")

Nida Trough Drilling Set to Spud

San Leon Energy's Polish subsidiary Vabush Energy Sp. z o. o. (Vabush) has signed with Poszukiwania Nafty i Gazu Jas o Sp. z o. o. (Jas o) to contract a rig for its upcoming two well programme in Poland's Nida Trough. Both wells are planned to reach a total depth of 1,000 meters and test multiple targets on trend with the prolific P owowice and Grobla oil fields. The first well, Chopin-1, is set to spud in early September immediately followed by the Belvedere-1 well. Vabush has secured land access agreements for the first location, Chopin-1, and is finalizing the Belvedere-1 agreements. Both Vabush and Jas o are finalizing the permitting process with plans to start building a location in early August.

Oisin Fanning, Executive Chairman of San Leon, commented:

"San Leon is delighted to be on the cusp of a very intensive drilling programme in both conventional oil and unconventional gas. The focus of San Leon's high-impact campaign in Poland will see the company drill up to three wells in September alone, weather permitting, and one of which is a shale gas prospect in the Baltic Basin. We look forward to updating the market in due course."

29 July 2011

ENQUIRIES

 
San Leon Energy 
 plc                   Oisin Fanning, Executive Chairman    +353 1291 6292 
 John Buggenhagen, Director 
  of Exploration 
 
Macquarie Capital                                          +44 (0) 20 3037 
 (Europe) Limited                                                     2000 
 John Dwyer 
 Paul Connolly 
 Ben Colegrave 
 
Fox-Davies Capital                                         +44 (0) 20 3463 
 Limited                                                              5010 
 David Porter 
 
Arbuthnot Securities   Nominated Adviser                   +44 (0) 20 7012 
 Limited                                                              2000 
 Nick Tulloch 
 Henry Willcocks 
 
College Hill           Investment Relations Adviser        +44 (0) 20 7457 
                                                                      2020 
 Nick Elwes

This information is provided by RNS

The company news service from the London Stock Exchange

END

DRLLLFEEDRITFIL

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