Belvedere -1 exploration well (4340N)
September 01 2011 - 6:06AM
UK Regulatory
TIDMSLE
RNS Number : 4340N
San Leon Energy PLC
01 September 2011
1 September 2011
San Leon Energy Plc
("San Leon" or the "Company")
Spudding Belvedere-1 exploration well, Nida Trough, Poland
San Leon is delighted to announce that all the drilling
equipment for the Belvedere-1 exploration well has now arrived on
site and drilling is ready to commence. The Belvedere-1 well is
located in the Nida concession, which is 100% owned by San Leon,
covering some 280,000 acres and is on trend with significant oil
production in Poland. The Company plans to drill two exploration
wells on the concession, this month, targeting multiple one to two
million barrel prospects. The Belvedere-1 is expected to spud on
Monday 5(th) September 2011.
Oisin Fanning, Chairman of San Leon, commented:
"We are delighted to be spudding our first conventional well on
the Nida Trough on Monday. This is an important concession for San
Leon and has the potential to provide the company with near term
revenue.
This is a very busy and exciting time for the Company as we are
not only drilling these conventional wells, but with our partner
Talisman we are also scheduled to be drilling the first wells on
our Baltic Basin acreage later this month."
For further information contact:
San Leon Energy Plc Tel: + 353 1291 6292
Oisin Fanning, Executive Chairman
Macquarie Capital (Europe) Limited Tel: +44 (0) 20 3037
2000
Paul Connolly Tel: +44 (0) 20 7012
Ben Colegrave 2000
Arbuthnot Securities
James Steel
Antonio Bossi
College Hill Associates Tel: +44 (0) 20 7457
2020
Nick Elwes
www.sanleonenergy.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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