Completion of 3D Seismic (5283L)
August 02 2011 - 2:00AM
UK Regulatory
TIDMSLE
RNS Number : 5283L
San Leon Energy PLC
02 August 2011
SAN LEON ENERGY
("San Leon" or the "Company")
3D Seismic Completed in Nowa Sol
San Leon Energy's Polish subsidiary Liesa Energy ("Liesa") has
completed its 168 sq. km 3D seismic acquisition program over the
Nowa Sol license in the Southern Permian Basin of Poland. The
survey was acquired by Acoustic Geophysical Services ("Acoustic")
from Hungary. Permitting and land access agreements were managed by
TDE Service Polska ("TDE"). Completion of the survey marks the
first time that foreign contractors have carried out a seismic
acquisition program in Poland.
The survey was designed to image the conventional oil and gas
potential of the proven Permian sediments in the Nowa Sol area as
well as to look at the deeper potential of the Carboniferous source
rocks.
The survey will be processed by two independent processing
companies, one in the US and one in Poland. Final processed results
are expected in September followed by detailed interpretation by
the Company, with plans to commence a two to three well drilling
campaign by the end of 2011.
Oisin Fanning Chairman of San Leon Energy commented:
"The completion of the Nowa Sol 3D is another step forward in
our drilling plans for Poland. The lower risk oil potential of the
area is an important part of our short term strategy to organically
grow San Leon in the short term while we continue to explore for
the significant longer term gas resources in our portfolio. The
safe and successful completion of the Nowa Sol 3D is further
evidence of San Leon's operational capabilities.
We believe that the Carboniferous section below the proven
Permian sediments, an approximate 880,000-acre license position,
also offers the potential to be a large unconventional gas play in
Europe and we look forward to drilling this later in the year."
2 August 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
MSCSSEFMFFFSEIA
San Leon Energy (LSE:SLE)
Historical Stock Chart
From Jun 2024 to Jul 2024
San Leon Energy (LSE:SLE)
Historical Stock Chart
From Jul 2023 to Jul 2024