Drilling Update

RNS Number : 3133L

San Leon Energy PLC

29 July 2011

 



SAN LEON ENERGY

("San Leon" or the "Company")

Nida Trough Drilling Set to Spud

San Leon Energy's Polish subsidiary Vabush Energy Sp. z o. o. (Vabush) has signed with Poszukiwania Nafty i Gazu Jasło Sp. z o. o. (Jasło) to contract a rig for its upcoming two well programme in Poland's Nida Trough. Both wells are planned to reach a total depth of 1,000 meters and test multiple targets on trend with the prolific Płowowice and Grobla oil fields. The first well, Chopin-1, is set to spud in early September immediately followed by the Belvedere-1 well. Vabush has secured land access agreements for the first location, Chopin-1, and is finalizing the Belvedere-1 agreements. Both Vabush and Jasło are finalizing the permitting process with plans to start building a location in early August.

Oisin Fanning, Executive Chairman of San Leon, commented:

"San Leon is delighted to be on the cusp of a very intensive drilling programme in both conventional oil and unconventional gas. The focus of San Leon's high-impact campaign in Poland will see the company drill up to three wells in September alone, weather permitting, and one of which is a shale gas prospect in the Baltic Basin. We look forward to updating the market in due course."

29 July 2011

ENQUIRIES

San Leon Energy plc	Oisin Fanning, Executive Chairman	[phone]
	John Buggenhagen, Director of Exploration
Macquarie Capital (Europe) Limited		[phone]
	John Dwyer
	Paul Connolly
	Ben Colegrave
Fox-Davies Capital Limited		[phone]
	David Porter
Arbuthnot Securities Limited	Nominated Adviser	[phone]
	Nick Tulloch
	Henry Willcocks
College Hill	Investment Relations Adviser	[phone]
	Nick Elwes

 

END

 

 

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