Award of Czersk Concession

RNS Number : 0587H
San Leon Energy PLC
06 July 2012
 



06 July 2011

 

San Leon Energy Plc

("San Leon" or the "Company")

 

 

Czersk Concession Awarded in Baltic Basin of Poland

 

San Leon Energy is pleased to announce that it has been awarded the Czersk Exploration Concession by the Polish Ministry of Environment.  The Czersk Concession consists of 173,584 acres (702.5 km2) covering portions of Blocks 87 and 88 in the Baltic Basin of Poland.  Combined with San Leon's existing Gniew concession, the company now has a 100% working interest in two Baltic Basin concessions (totalling more than 468,000 net acres) as well as significant interests in five other concessions.  The Czersk concession expands San Leon's interest in the Baltic Basin to 1,574,680 gross acres (958,000 net acres).

 

Oisin Fanning, Chairman of San Leon, commented:

 

"This concession award is another positive step in the development of our company. We are confident that our strategy of securing licences in different locations within the Baltic Basin will prove to be successful in the future."

 

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

Richard Johnson

Tel: +44 (0) 20 7601 6100

 

Antonio Bossi




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
 
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