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Pin to quick picksSan Leon Share News (SLE)

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San Leon rises after progress at investee Decklar

Fri, 09th Apr 2021 13:38

(Sharecast News) - Nigeria-focussed oil and gas exploration, development and production company San Leon Energy said on Friday that its investee company Decklar Resources had contracted a drilling rig for re-entry and testing operations on the Oza-1 well.
The AIM-traded firm said mobilisation was expected to begin next week.

It said camp and logistics equipment required for the well re-entry was currently being staged on site.

Long-lead equipment items required to test and complete the Oza-1 well re-entry had been ordered, it added, with service contractors sourced and secured.

"We are pleased with the progress being made and look forward with anticipation to the commencement of Oza-1 re-entry operations, testing, completion, and initial production at the Oza Field," said Decklar chief executive officer Duncan Blount.

"These initial operations at the Oza Oil Field represent a milestone culminating from considerable effort and preparation for the initial development activities at the Oza Oil Field with [our partner] Millenium."

At 1318 BST, shares in San Leon Energy were up 0.63% at 40p.
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5 Aug 2013 09:09

San Leon completes first stage of Rogity-1 well in Poland

San Leon's shares rose after announcing the completion of its first vertical fracture stage in the Rogity-1 well on the Braniewo S Concession in Poland's northern Baltic Basin. The first stage was performed in the oil-bearing, tight Cambrian quartzite sandstones at the bottom of the well as part of

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3 Jul 2013 08:50

San Leon surges on successful well fracture

Shares in San Leon Energy surged after the oil and gas company said it had successfully completed the hydraulic fracture of a well in the Baltic Basin. San Leon said United Oilfield Services completed the operation on Tuesday at the Lewino-1G2 well in Gdansk W Concession. The operation achieved a

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28 Jun 2013 12:49

San Leon looks forward to successful 2013 after full year profits fall

San Leon Energy struck an upbeat tone on its outlook for 2013 as it reported a drop in full year profits. The oil and gas explorer reported revenues rose to €1.37m in 2012 from €1.04m, but pre-tax profits fell to €0.47m from €15.6m. Its results in 2011 were boosted by a €22m gain from the sale of

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17 Jun 2013 13:49

San Leon Energy obtains approvals for Baltic Basin well

AIM-listed specialist oil and gas company San Leon Energy has reported that all necessary approvals have been obtained to perform hydraulic fracture work on the Lewino-1G2 well, Gdansk W concession in the Baltic Basin. The company said that mobilisation would commence shortly, and operations woul

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30 May 2013 11:20

San Leon discovers frackable rock in Polish well

Poland-focused San Leon Energy has uncovered rock formations at a Polish exploration well that are akin to the bounteous Bakken Formation in North America. A successful stimulation test on the Czaslaw-1 well in the Nowa Sol licence in Poland indicated that the rock formation would yield hydrocarbo

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20 May 2013 11:11

San Leon's Exploration Director resigns

San Leon Energy's Exploration Director John Buggenhagen is stepping down after four years on the board. Buggenhagen has decided to return to the US to pursue new opportunities. He will be leaving the company but will continue to offer advice on strategic decisions. Two explorations managers in

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8 May 2013 14:29

San Leon regains ownership of Baltic Basin concessions from Talisman Energy

AIM-listed oil and gas producer San Leon has regained 100 per cent ownership of the Gdansk W and Braniewo S concessions, and increased its interest to 50 per cent in the Szczawno concession in Poland's Baltic Basin, an update from the company has shown. In February 2010, the company reported that

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29 Apr 2013 14:05

San Leon Energy secures two licences in Spain

San Leon Energy has been awarded two further Spanish onshore exploration licences. The company secured a grant for the Aquiles licence, totalling 252,929 acres in Zaragoza, and for the Cronos licence which includes 239,596 acres in the Almazan Basin. The two licences, which have been granted for

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19 Apr 2013 12:58

San Leon shares rocket on gas and oil recovery in Poland

Shares in oil and gas producer San Leon Energy leapt by almost a third on Friday after the company revealed natural gas and light oil were recovered from the Czaslaw-1 well in its Nowa Sol Concession in Poland. The firm said recent measurements of the well have shown that the well is building pres

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18 Mar 2013 11:23

San Leon Energy's shares surge on MoU with Halliburton Company

San Leon Energy said on Monday it has signed a memorandum of understanding with Halliburton Company Germany GmbH to develop gas projects in Poland. The possible joint venture will explore the gas potential of San Leon's Wschowa, Gora, and Rawicz concessions. Under an agreement, San Leon would co

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7 Feb 2013 10:10

New entrants request access to San Leon data room

AIM-listed oil and gas exploration company San Leon has unveiled estimates for the Alban Structure located in the area known as the 'Durresi Block' in offshore Albania, an operational update has disclosed. The company estimated that prospective resources of 3.2trn cubic feet of gas and 145m of barr

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4 Feb 2013 09:19

San Leon reports positive findings in Tarfaya Oil shale

Specialist oil and gas company San Leon has reported positive findings from a study conducted at its Tarafaya Oil Shale, an operational update issued by the company on Monday has disclosed. The company, which commissioned Enefit Outotec Technology (EOT) to conduct an initial study of the Tarafaya O

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31 Jan 2013 12:48

San Leon Energy receives approval on Morocco farm-out agreement

San Leon Energy on Thursday said authorities approved the assignment of interest in the Foum Draa offshore licence in Morocco as part of the oil company's farm-out agreement with Cairn Energy. Cairn has assumed operatorship of the block and plans to drill an exploration well. The company purchased

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28 Dec 2012 16:35

London close: Stocks finish lower ahead of US budget talks

Markets finished firmly in negative territory on Friday afternoon as investors showed concern with just a few days left before the fiscal cliff deadline. President Barack Obama has called a meeting with congressional leaders today in which they are expected to draw up a piece of legislation to be s

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28 Dec 2012 11:29

London midday: Stocks drop into the red as 'fiscal cliff' looms

After a strong start, markets across Europe dipped into the red by midday with the US fiscal cliff continuing to dominate market sentiment. "We are now just over three days away from the so-called 'fiscal cliff' and after many months of posturing and political bravado, the US has run out of time,"

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