Lewino 1G-2 Drilled (2460S)
November 17 2011 - 2:00AM
UK Regulatory
TIDMSLE
RNS Number : 2460S
San Leon Energy PLC
17 November 2011
17 November 2011
San Leon Energy Plc
("San Leon" or the "Company")
Baltic Basin Exploration Program Underway - Lewino 1G-2
Drilled
San Leon is pleased to announce the successful completion of its
first shale gas exploration well in the Baltic Basin. The Talisman
Energy operated Lewino 1G-2 well, on the Gdansk W Concession in
Poland, has been drilled to 3,600 meters. During drilling
continuous gas shows were encountered over more than 1,000 meters
in the middle and lower Silurian shales, Ordovician, and upper
Cambrian. Gas shows consist of methane (C1) with a small percentage
of ethane, propane, butane, and pentane (C2-C5+).
Over 310 meters of core were taken in the well to evaluate the
rock properties and an extensive open hole logging program was also
performed to further evaluate the potential of the area. Evaluation
and interpretation of the core and logs is expected to take 3-4
months in preparation for continued operations later in 2012.
Following completion of the well for potential future operations
Talisman will move the rig to the Braniewo Concession to start
drilling the Rogity-1 well, which will be immediately followed by a
well in the Szczawno concession. Future operations are expected to
include a long offset horizontal and multistage frac.
The company will release further information pending technical
results and evaluation.
Oisin Fanning, Chairman of San Leon commented:
"The successful drilling and data gathering at the Lewino 1G-2
well is a significant milestone for San Leon and our partnership
with Talisman Energy. Our systematic approach over the last three
years of acquiring high potential acreage in Poland, finding an
experienced partner in Talisman and acquiring a significant 2D
seismic database has lead to our first successful well in the
Baltic Basin.
The next step is to evaluate the geological data in preparation
for the next phase of our project; to prove the viability of
commercially producing the huge quantity of gas from the Baltic
Basin.
The upcoming wells in the Braniewo and Szczawno concessions will
further bring San Leon towards its goal of becoming one of the
leading unconventional gas producers in Europe."
For further information contact:
San Leon Energy Plc Tel: + 353 1291 6292
Oisin Fanning, Executive Chairman
Dr John Buggenhagen, Exploration
Director
Macquarie Capital (Europe) Limited Tel: +44 (0) 20 3037
2000
Paul Connolly
John Dwyer
Arbuthnot Securities Tel: +44 (0) 20 7012
Antonio Bossi 2000
Richard Johnson
College Hill Associates Tel: +44 (0) 20 7457
2020
Nick Elwes
www.sanleonenergy.com
Qualified person
John Buggenhagen, who has reviewed this update, 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
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