San Leon Energy PLC Spud of Lelechów-SL1 Well (6824H)

TIDMSLE

RNS Number : 6824H

San Leon Energy PLC

16 July 2012

San Leon Energy Plc

("San Leon" or the "Company")

Main Dolomite Exploration Commenced - Spud of Lelechow-SL1 Well

San Leon Energy is pleased to announce that the Lelechow SL-1 well has spud as part of its two well exploration program on the Company's Nova Sol concession in Poland. The well is planned to reach an estimated total vertical depth of 1,090 meters and is expected to take less than 30 days to drill and evaluate. The well is being drilled by Diament Oil Exploration Ltd from Zielona Gora, Poland. The rig will then immediately move to drill Ches aw-SL1, the second of the two wells. The primary target of the wells is the Permian aged Main Dolomite formation targeting near term oil production. As part of the drilling program the Company will take core across the entire Main Dolomite section and run an extensive geophysical evaluation program. The wells were located based upon detailed interpretation of the 170 km(2) 2010 Nowa Sol 3D seismic survey.

Oisin Fanning, Chairman of San Leon, commented:

"We are starting to see full realization of the last two years of diligent technical work and operation planning at Nowa Sol. The Nowa Sol drilling program is a very exciting development for us with the possibility of generating near term cash flow should we be successful. As a result of the sizable acreage that we have accumulated in this region any positive result is likely to have a significant impact."

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 
 
  Fox Davies Capital                        Tel: +44 (0) 20 3463 
  Daniel Fox-Davies                         5000 
  Oliver Stansfield 
 
  Westhouse Securities 
  Richard Johnson                           Tel: +44 (0) 20 7601 
  Antonio Bossi                             6100 
 College Hill Associates                   Tel: +44 (0) 20 7457 
                                            2020 
 Nick Elwes 
  Alexandra Roper

www.sanleonenergy.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

DRLLLFFRDTIVLIF

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