Rawicz-15 Development Well Spud

RNS Number : 2264G

San Leon Energy PLC

19 November 2015

 

19 November 2015

San Leon Energy Plc

("San Leon" or "the Company")

Rawicz-15 Development Well Spud

San Leon Energy, the AIM listed company focused on oil and gas exploration in Europe and North Africa, announces the spud of the Rawicz-15 well. 
 

The Rawicz-15 development well on the 742 km² Rawicz Concession in Poland's southern Permian Basin, was spud on 18^th November 2015 using a rig from Poland's Exalo Drilling.  The well, which is operated and funded by Palomar Natural Resources ("PNR"), is expected to take 35 days to reach a total depth of around 1,600 meters, and will be followed by completion and a full well testing programme.

Qualified person

Joel Price, who has reviewed this update, has more than 20 years' experience in the oil & gas industry and is a member of the Society of Petroleum Engineers. He holds a BA in Natural Sciences (Geology) from Cambridge University, an MEng in Petroleum Engineering from Heriot-Watt University, and an MBA from Durham University. Joel is Chief Operating Officer for San Leon Energy and is based in San Leon's London office.

Enquiries:

San Leon Energy plc  Oisin Fanning, Executive Chairman	[phone]
Brandon Hill Capital Oliver Stansfield Jonathan Evans	[phone]
finnCap Ltd  Corporate Finance Matt Goode Christopher Raggett Corporate Broking Joanna Weaving	[phone]
Macquarie Capital (Europe) Limited Jon Fitzpatrick	[phone]
Westhouse Securities Ltd Nominated Adviser Richard Johnson Antonio Bossi	[phone]
Vigo Communications Financial Public Relations Chris McMahon Alexandra Roper	[phone]
Plunkett Public Relations Sharon Plunkett	[phone]

www.sanleonenergy.com 

The Directors of San Leon accept responsibility for the information contained in this announcement.

To the best of their knowledge and belief (having taken all reasonable care to ensure such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

A person interested in 1% or more of any class of relevant securities of San Leon may have disclosure

obligations under Rule 8.3 of the Takeover Rules, effective from the date of this announcement.

 

END

 

 

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