Spudding of Rawicz-12 Well

RNS Number : 7721X

San Leon Energy PLC

24 November 2014

 



24 November 2014

San Leon Energy Plc

("San Leon" or the "Company")

Rawicz-12 Well Spuds

San Leon Energy, the AIM listed company focused on oil and gas exploration in Europe and North Africa, announces the spud of the Rawicz-12 appraisal well yesterday on the 742 km² Rawicz Concession in Poland's southern Permian Basin.

The well, which is operated by Palomar Natural Resources ("PNR"), is targeting the previously-discovered Rawicz gas accumulation in the Permian Rotliegendes sandstones. The well is estimated to take 45 days to reach a total depth of 1,900 meters and is being drilled by Poland's Exalo Drilling. A full testing program is planned immediately after drilling and completion of the well, assuming positive results.

PNR holds 65% and is operator of the concession, with San Leon holding the remaining 35%.

Oisin Fanning, Chairman of San Leon, commented:

"This is a great opportunity for San Leon to establish first gas production in Poland. We are pleased to be working with PNR and are confident in their operational ability. Rawicz is a project that San Leon has worked hard to bring forward over the last three years, and we look forward to updating the market with results in due course."

Qualified person
Joel Price, who has reviewed this update, has 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.

For further information contact:

San Leon Energy plc  Oisin Fanning, Executive Chairman	[phone]
finnCap Ltd  Corporate Finance Matt Goode Christopher Raggett Corporate Broking Joanna Weaving	[phone]
Fox-Davies Capital Limited Daniel Fox-Davies Oliver Stansfield Jonathan Evans	[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 Peter Reilly	[phone]
Plunkett Public Relations Sharon Plunkett	[phone]

www.sanleonenergy.com 

 

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