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11 Nov 2011 09:52
11 November 2011
San Leon Energy Plc
("San Leon" or the "Company")
Exploring for Carboniferous Unconventional Gas in Poland - Siciny-2 Well Spuds
San Leon is pleased to announce that the Siciny-2 well has spud in the SW Carboniferous Basin of Poland. The well is located in the company's Gora Concession (San Leon 100%) 70 km to the southeast of the city of Zielona Gora. The well is designed to test the unconventional gas potential of the Carboniferous sediments, which are believed to be the source rock for the significant gas production in the overlying Permian Rotligendes and Zechstein formations in Poland. The well is planned to reach a total depth of 3,500 metres and has been designed as a stratigraphic test which will include an estimated 400 metres of core and an advanced geological and geophysical evaluation program. The company currently has no plans to do any significant flow testing of this well. Based on the results of the well the Company will plan further evaluation and drilling in the region in 2012.
For further information contact:
San Leon Energy Plc | Tel: + 353 1291 6292 |
Oisin Fanning, Executive Chairman Dr John Buggenhagen, Exploration Director
| |
Macquarie Capital (Europe) Limited | Tel: +44 (0) 20 3037 2000 |
Paul Connolly John Dwyer
Arbuthnot Securities Antonio Bossi Richard Johnson
|
Tel: +44 (0) 20 7012 2000 |
College Hill Associates | Tel: +44 (0) 20 7457 2020 |
Nick Elwes |
www.sanleonenergy.com
Qualified person
John Buggenhagen, who has reviewed this update, has over 15 years experience in the oil & gas industry. He has a Ph.D. and M.Sc. in Geophysics from the University of Wyoming and a B.Sc. in Geophysics from the University of Arizona. He is currently the Director of Exploration for the San Leon Energy Group and based in San Leon's Warsaw office in Poland.
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