Replacement:Lewino-1G2 Fracture Approvals Obtained

RNS Number : 1803H

San Leon Energy PLC

17 June 2013

 



This is a replacement for the announcement sent on Monday 17 June 2013 at 11:00, RNS number 1787H. The amendment has been made to the second paragraph, the word UO has been changed to UOS.

17 June 2013

San Leon Energy Plc

("San Leon" or the "Company")

Lewino-1G2 Fracture Approvals Obtained

San Leon is pleased to announce that all necessary approvals have been obtained to perform the hydraulic fracture work on the Lewino-1G2 well, Gdansk W concession in the Baltic Basin, described in the announcement dated 8 May 2013.  Mobilisation will commence shortly, and operations are expected to commence during the first week of July.  Following the fracture operations the well will have production tubing installed and be flowed for up to 30 days.

This will be the first frack operation under the framework agreement with UOS.  San Leon now has 100% equity interest in this concession.

Executive Chairman, Oisin Fanning commented:

"We are excited to be performing the work which will test the potential of our extensive Baltic Basin acreage.  Lewino-1G2, in what the Company believes to be in the sweet spot in the Baltic Basin, will be the third well operation undertaken by the Company in Poland over the past few months."

For further information contact:

San Leon Energy Plc	Tel: [phone]
Oisin Fanning, Executive Chairman
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

Joel Price, who has reviewed this update, has 19 years' experience in the oil & gas industry and is a member of the Society of Petroleum Engineers. He holds a BA in Natural Sciences from Cambridge University, an MEng from Heriot-Watt University, and an MBA from Durham University. Joel is currently the Head of Engineering for San Leon Energy and is based in San Leon's London office.

 

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