Last checked at 5 Aug 2013 07:30
5 August 2013
San Leon Energy Plc
("San Leon" or the "Company")
Commencement of Siciny-2 DFIT
San Leon is pleased to announce it has today started mobilizing equipment to undertake the second Diagnostic Fracture Injection Test ("DFIT") on the Siciny-2 in the SW Carboniferous Basin in Poland.
This DFIT will be carried out in a section of the tight gas sand reservoir which is at a shallower depth than where the first DFIT was executed earlier this year. Log interpretation shows higher porosity in this zone, likely accompanied by higher permeability. A bridge-plug will be set above the previous perforations, and the well will be perforated in the new zone.
The well will then be shut in with down-hole gauges installed. Pressure bleed-off will be monitored for the next several days and subsequent data analysis over the following three weeks will be instrumental for designing a potential future fracture of the tight gas sand in Siciny-2.
Executive Chairman, Oisin Fanning commented:
"This is an important milestone in this project and we will update the market in due course."
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 | Or +44 7739 342009 |
Catherine Wickman | |
Plunkett Public Relations | Tel: +353 (0) 1 284 4414 / +353 (0) 87 826 0833 |
Sharon Plunkett | |
Jennie Cotter |
www.sanleonenergy.com
Qualified person
Lars Hübert, who has reviewed this update, has over 17 years experience in the oil & gas industry. He holds a BS from the University of Oslo, a MS from the University of Wyoming, and a MBA from Heriot Watt University. Lars is currently the Exploration Manager for all unconventional oil and gas for San Leon Energy and is based in San Leon's Warsaw office in Poland.