Rawicz Concession Expansion (3283F)

TIDMSLE

RNS Number : 3283F

San Leon Energy PLC

14 June 2012

San Leon Energy Plc

("San Leon" or the "Company")

Expansion of the Rawicz Concession Including Potential Proven Rawicz Gas Field

San Leon Energy is pleased to announce that is has successfully expanded its existing Rawicz Concession in the Permian/SW Carboniferous Basin of Poland. As part of the modification of the Rawicz Concession the Polish Ministry of Environment has approved merging the Rawicz and Winsko Concessions and expanding the total concession area. The amended Concession includes the previously discovered, unproduced Rawicz gas field in the Permian Main Dolomite and Rotliegendes formations. The Company estimates that Rawicz gas field to contains up to 17 BCF of recoverable, high quality methane gas in the Permian Rotliegendes formation with potential upside for oil and gas production the Zechstein Main Dolomite. The updated Rawicz Concession further expands San Leon unconventional Carboniferous acreage. The new merged concession area is 742 km(2) (183,352 acres).

The Company plans to acquire an estimated 120 km(2) 3D seismic survey over the Rawicz gas field with San Leon subsidiary NovaSeis in Q4 2012 followed by the first appraisal well of the field in Q2/Q3 of 2013. The Company plans to obtain first production from the field in Q3 2013.

San Leon holds 100% of the expanded Rawicz concession.

Oisin Fanning, Chairman of San Leon, commented:

"As we continue to expand our Permian/SW Carboniferous acreage in Poland we see the addition of the Rawicz gas field as key to our strategy to focus on near-term production to generate cash flow while we continue to understand the significant upside present in the deeper Carboniferous."

For further information contact:

 
 San Leon Energy Plc                  Tel: + 353 1291 6292 
 Oisin Fanning, Executive Chairman 
 John Buggenhagen, Exploration 
  Director 
 
 Macquarie Capital (Europe) Limited   Tel: +44 (0) 20 3037 2000 
 Paul Connolly 
 John Dwyer 
 
 Westhouse Securities                 Tel: +44 (0) 20 7601 6100 
  Richard Johnson 
 Antonio Bossi 
 
 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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