Morocco Well Spud

RNS Number : 7975W

San Leon Energy PLC

21 August 2015

 

21 August 2015

San Leon Energy Plc

("San Leon" or "the Company")

Morocco well spud

San Leon Energy, the AIM listed company focused on oil and gas exploration in Europe and North Africa, announces that the El Aaiun-4 well on the Tarfaya conventional licence, onshore Morocco, was spud today.

The well is being drilled with Entrepose Drilling's Cabot 750 rig and is expected to take approximately 30 days to reach total depth (TD) of around 2000 metres below rotary table.  The reservoir target is Tertiary channel sandstones, and the surface location is approximately 14 Km from a gas market (El Marsa OCP phosphate processing plant, near Foum el-Oued).

San Leon is the operator of the Tarfaya licence and holds a 75% net operated interest. ONHYM, the Moroccan National Bureau of Petroleum and Mines, holds the remaining 25% interest.

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 from Cambridge University, an MEng 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 Nicholas Harland	[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 

 

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