Rawicz-15 Drilling Well Completed

RNS Number : 9393K

San Leon Energy PLC

06 January 2016

 

6 January 2016

San Leon Energy Plc

("San Leon" or "the Company")

Rawicz-15 Drilling Well Completed

San Leon Energy (the "Company"), the AIM listed company focused on oil and gas exploration and production in Europe and North Africa, announces that the Rawicz-15 well has been successfully drilled to a total depth of 1580m MDBRT (Measured Depth Below Rotary Table), and a completion has been run in preparation for well testing.  The rig is currently being demobilised.  The reservoir to be tested is of a thickness consistent with the prognosis although the reservoir is interpreted as being of slightly better quality than that in Rawicz-12.

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"), will now undergo a full well testing programme which is expected to commence in around 2 weeks' time.

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, a 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.

Change of name of Nominated Adviser

The Company also notifies that its Nominated Adviser has changed its registered name from Westhouse Securities Limited to Stockdale Securities Limited.

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 Nicholas Harland	[phone]
Stockdale Securities Ltd Nominated Adviser Richard Johnson Antonio Bossi www.stockdalesecurities.com	[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

 

 

MSCAKPDBKBKBBDK