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: +353 1291 6292

Oisin Fanning, Executive Chairman


John Buggenhagen, Exploration Director




Macquarie Capital (Europe) Limited

Tel: +44 (0) 20 3037 2000

John Dwyer




Fox Davies Capital

Tel: +44 (0) 20 3463 5000

Daniel Fox-Davies


Richard Hail




FirstEnergy Capital LLP

Tel: +44 (0) 20 7448 0200

Hugh R. Sanderson


David van Erp




Westhouse Securities (Nominated Advisor)

Tel: +44 (0) 20 7601 6100

Richard Johnson


Antonio Bossi




College Hill Associates

Tel: +44 (0) 20 7457 2020

David Simonson


Alexandra Roper




Plunkett Public Relations

Tel: +353 (0) 1 284 4414 / +353 (0) 87 826 0833

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.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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