Foum Draa Update

RNS Number : 8593E

San Leon Energy PLC

16 May 2013

 



16 May 2013

San Leon Energy Plc

("San Leon" or the "Company")

Foum Draa Update

San Leon, the specialist oil and gas company with an extensive portfolio of assets across Europe and North Africa, notes this morning's Interim Management Statement announced by Cairn Energy plc ("Cairn"), particularly in relation to the  Foum Draa block, offshore Morocco.  As announced on 31 January 2013, San Leon now holds a net operated interest of 14.17% and the gross mean prospective resource of the targeted prospect in the Foum Draa blocks is 142 mmbbls with a potential follow-up prospect of 126 mmbbls. Preparations are underway to drill the first well, which is expected to commence later this year subject to necessary approvals. 

Please see below for a link to Cairn's announcement:

http://www.cairnenergy.com/index.asp?pageid=27&newsid=427 

For further information contact:

San Leon Energy Plc	Tel: [phone]
Oisin Fanning, Executive Chairman
John Buggenhagen, Exploration Director
Macquarie Capital (Europe) Limited	Tel: [phone]
John Dwyer
Fox Davies Capital	Tel: [phone]
Daniel Fox-Davies
Richard Hail
FirstEnergy Capital LLP	Tel: [phone]
Hugh R. Sanderson
David van Erp
Westhouse Securities (Nominated Advisor)	Tel: [phone]
Richard Johnson
Antonio Bossi
College Hill Associates	Tel: [phone]
David Simonson
Alexandra Roper
Plunkett Public Relations	Tel: [phone]
Sharon Plunkett
Jennie Cotter

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.

 

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