If you would like to learn more about future focusIR related events and roundtables, please submit your details here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSLE.L Regulatory News (SLE)

  • There is currently no data for SLE

Barryroe Update

25 Jul 2013 09:07

RNS Number : 1313K
San Leon Energy PLC
25 July 2013
 



25 July 2013

 

San Leon Energy Plc

("San Leon" or the "Company")

Barryroe Update

San Leon, the AIM listed company focused on oil and gas exploration in Europe and North Africa, notes this morning's announcement from Providence Resources plc ("Providence") of the operational update by Providence on the Barryroeoil field in the North Celtic Sea Basin, offshore Ireland.

 

San Leon announced, on 23 December 2011, that the Company has assigned its 30% working interest in Standard Exploration Licence 1/11 to Providence in exchange for a 4.5% NPI on the full field. San Leon Energy will not pay any further appraisal or development costs on the Licence and is not paying any costs towards the 48/24-10 well.

The full announcement by Providence stated the following:

 

 

OPERATIONAL UPDATEBARRYROE

NSAI CPR FINANCIAL RESULTS ON BASAL WEALDEN RESERVOIR NOW AVAILABLE

Providence Resources P.l.c., ("Providence") the Irish oil and gas exploration and development company, whose shares are quoted in London (AIM) and Dublin (ESM), is pleased to provide an update on the Barryroe oil field ("Barryroe") in the North Celtic Sea Basin, offshore Ireland. Providence (80%) operates Barryroe on behalf of its partner Lansdowne Oil and Gas plc (20%). The area which is located in Standard Exploration Licence (SEL) 1/11 and Licensing Option (LO) 12/4, lies in c. 100 metre water depth and is c. 50 kilometres off the south coast of Ireland.

In April 2013, Providence published a competent person's contingent resource audit on the in place hydrocarbon and recoverable resources from the Basal Wealden A oil reservoir, as independently reported by Netherland Sewell & Associates Inc. (NSAI).

NSAI have now provided an estimate of the cashflows attributable to Providence from the Basal Wealden A oil reservoir at Barryroe. A summary excerpt from this recently issued report is now available on the Providence website, www.providenceresources.com

 

 

 

For further information contact:

 

San Leon Energy Plc

Tel: +353 1291 6292

Oisin Fanning, Executive Chairman

Macquarie Capital (Europe) Limited

Tel: +44 (0) 20 3037 2000

John Dwyer

Fox Davies Capital

Tel: +44 (0) 20 3463 5000

Daniel Fox-Davies

Richard Hail / Susan Walker

FirstEnergy Capital LLP

Tel: +44 (0) 20 7448 0200

Hugh R. Sanderson

David van Erp

Westhouse Securities (Nominated Advisor)

Tel: +44 (0) 20 7601 6100

Richard Johnson

Antonio Bossi

College Hill Associates

Tel: +44 (0) 20 7457 2020

David Simonson

Alexandra Roper

Plunkett Public Relations

Tel: +353 (0) 1 284 4414 / +353 (0) 87 826 0833

Sharon Plunkett

Jennie Cotter

 

www.sanleonenergy.com

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCLIFITDRIEFIV
Date   Source Headline
1st Jul 20197:00 amRNS20-year Licence Extension for OML 18
28th Jun 20197:00 amRNSUpdate On SunTrust Litigation
27th Jun 20197:00 amRNSFinal Results
25th Jun 201911:12 amRNSAkaso-15 Well Test & OML18 Drilling Update
24th Jun 20199:03 amRNSHolding(s) in Company
30th May 20193:06 pmRNSHolding(s) in Company
17th May 201911:05 amRNSDirectorate Change
1st Apr 20192:54 pmRNSHolding in Company
22nd Mar 20197:00 amRNSResult of Tender Offer
15th Mar 201912:00 pmRNSResult of Extraordinary General Meeting
12th Mar 201912:34 pmRNSHolding in Company
6th Mar 20197:00 amRNSHolding in Company
28th Feb 20197:00 amRNSAkaso-15 Well Completed, Rig Moving to PMMO-1
20th Feb 20197:00 amRNSProposed $30m Tender Offer at 46p per share
8th Jan 20197:00 amRNSEroton Successfully Refinances OML 18 RBL
21st Dec 20187:00 amRNSReceipt by Eroton - Further NNPC Cash Call Arrears
18th Dec 20187:00 amRNSShare Buyback & SunTrust Exit Update
10th Dec 20187:00 amRNSRig Preparing to Spud OSMU-1 Well on OML 18
1st Oct 20187:00 amRNSMidwestern Becomes Significant Shareholder
28th Sep 20184:19 pmRNSResult of General Meeting and Directorate Change
25th Sep 20187:00 amRNSHalf-year Report
20th Sep 201810:29 amRNSUpdate on Barryroe Farm-Out Agreement
3rd Jul 20187:00 amRNSPayment Received Against MLPL Loan Notes
29th Jun 20187:00 amRNSNotice of AGM
29th Jun 20187:00 amRNSFinal Results
20th Jun 20184:35 pmRNSPrice Monitoring Extension
31st May 20184:40 pmRNSSecond Price Monitoring Extn
31st May 20184:35 pmRNSPrice Monitoring Extension
24th May 20184:18 pmRNSUpdate on Dispute with SunTrust Oil
24th May 20188:50 amRNSAppointment of Non-Executive Director
22nd May 20187:00 amRNSComment on News Article
9th May 20182:50 pmRNSComment on News Article
3rd May 20184:35 pmRNSPrice Monitoring Extension
24th Apr 20187:00 amRNSAppointment of Nomad, Financial Adviser and Broker
23rd Apr 20187:30 amRNSRestoration - San Leon Energy Plc
23rd Apr 20187:00 amRNSResumption of Trading
3rd Apr 20187:00 amRNSPayment Received Against MLPL Loan Notes
28th Mar 201810:37 amRNSBarryroe Farm-Out Update Agreement
21st Feb 20187:00 amRNSOperating and Corporate Update
16th Jan 201811:40 amRNSAppointment of Non-Executive Director
5th Jan 20187:00 amRNSUpdate on Discussions with Potential Offerors
2nd Jan 20183:00 pmRNSForm 8.3 - San Leon Energy plc
2nd Jan 20187:05 amRNSShares In Issue
2nd Jan 20187:00 amRNSUpdate on Convertible Loan Facility
21st Dec 20176:28 pmRNSReplacement: Issue of Equity
21st Dec 201710:47 amRNSIssue of Equity
19th Dec 20176:15 pmRNSConvertible Loan Facility and Repayment of Avobone
8th Dec 20173:10 pmRNSUpdate on discussions with Midwestern
5th Dec 20177:00 amRNSRelinquishment of certain Polish assets
24th Nov 20174:51 pmRNSAvobone Court Petition Withdrawn

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.