Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. View 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

Czaslaw-1 Stimulation and Test

19 Apr 2013 07:29

RNS Number : 7577C
San Leon Energy PLC
19 April 2013
 



19 April 2013

 

San Leon Energy Plc

("San Leon" or the "Company")

 

Czasław-1 Stimulation and Test

 

San Leon Energy is pleased to announce that its planned stimulation and test of the Czasław-1 well on the Company's Nowa Sol Concession in the Permian Basin of Poland will begin on April 22, 2013 with the mobilisation of coiled tubing, nitrogen lift equipment, and surface test equipment from Vechta, Germany. Recent measurements of the well have shown that the well is building pressure. After taking samples of the fluid in the wellbore the Company has recovered natural gas (including C1-C8) and light oil. Schlumberger has been contracted to complete this phase of the project. The Company estimates the following timeline:

 

·; 25 April 2013 - acid wash and clean out of the well

·; 26-30 April 2013 - acid squeeze into the Main Dolomite reservoir; after soaking lift fluids in the well bore using nitrogen, followed by 3 day flow test up to 400 bbls of oil

·; 1 May 2013 - shut-in the well for 5 day build-up with downhole gauges

·; 6 May 2013 - decision on a long term test and oil production, based upon results of the acid stimulation and test

 

The Czasław SL-1 well reached a total depth of 1,558 meters Measured Depth (1,229 meters TVD). The well penetrated 43 meters of the targeted Permian Main Dolomite reservoir. Petrophysical analysis shows moderate fracturing of the Main Dolomite within an estimated 29 meters of naturally fractured reservoir. Live oil shows were present on 90% of the core plug and detailed petrophysical and core analysis indicates moveable light oil in the Main Dolomite reservoir. The entire Main Dolomite interval shows high fluorescence suggesting both moveable and residual oil. Integrated petrophysical and rock-mechanical analyses suggest the well is a good candidate for artificial stimulation to enhance the natural fractures in the reservoir. There were no indications of water encountered during drilling. The well is the first well on the Czasław structure, with room for additional vertical and/or horizontal wells. Several similar structures have been identified in the Company's Nowa Sol 3D seismic survey which covers less than 15% of the Nowa Sol Concession area.

 

Executive Chairman, Oisin Fanning commented:

"The recent recovery of hydrocarbons and build-up of pressure in the Czasław-1 well is very exciting. We have been studying the Main Dolomite extensively over the past months with experts both in Europe and North America. We are now ready to stimulate and test the well and with success immediately move to production. There is a huge amount of oil in place in the Main Dolomite and we are committed to unlocking both the conventional and unconventional potential of the petroleum system."

 

 

For further information contact:

 

San Leon Energy Plc

Tel: +353 1291 6292

Oisin Fanning, Executive Chairman

John Buggenhagen, Exploration Director

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

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

Rupert Trefgarne

Alexandra Roper

 

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.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEAKLNFAPDEEF
Date   Source Headline
7th Jan 20107:00 amRNSIraqi Joint Venture
5th Jan 20107:00 amRNSPolish Concesssion Award
30th Dec 20099:30 amRNSRule 8.1- San Leon Energy Plc
23rd Dec 20097:03 amRNSUpdate on Island & Loan
23rd Dec 20097:01 amRNSAward of Gdansk W Concession
23rd Dec 20097:01 amRNSUpdate on San Leon Approach and Working Capital Lo
22nd Dec 20099:15 amRNSRule 8.1 - San Leon Energy Plc
15th Dec 20099:39 amRNSRule 8.1 - San Leon Energy Plc
14th Dec 200910:02 amRNSRule 8.1 - San Leon Energy Plc
10th Dec 200910:42 amRNSEPT Disclosure
8th Dec 200910:51 amRNSRule 8.1- San Leon Energy Plc
7th Dec 200912:01 pmRNSRule 8.1- San Leon Energy Plc
7th Dec 200910:13 amRNSRule 8.1 - San Leon Energy Plc
20th Nov 200910:05 amRNSEPT Disclosure
19th Nov 20098:38 amRNSEPT Disclosure
18th Nov 20099:22 amRNSEPT Disclosure
17th Nov 20093:41 pmRNSEPT Disclosure
11th Nov 20093:52 pmRNSAppointment of Adviser
6th Nov 200910:06 amRNSEPT Disclosure
4th Nov 200912:22 pmRNSEPT Disclosure
28th Oct 200911:00 amRNSCELTIC SEA ASSETS UPDATE
28th Oct 200910:47 amRNSRule 8.1- San Leon Energy Plc
27th Oct 200911:25 amRNSRule 8.1 - San Leon Energy plc
27th Oct 20098:03 amRNSEPT Disclosure
26th Oct 200911:17 amRNSEPT Disclosure
22nd Oct 20099:45 amRNSDisclosure Form SAR 6
22nd Oct 20099:38 amRNSUpdate on irrevocable undertakings
21st Oct 200911:59 amRNSRule 8.1 - San Leon Energy PLC
21st Oct 20098:45 amRNSEPT Disclosure
20th Oct 20099:41 amRNSEPT Disclosure
19th Oct 20098:09 amRNSEPT Disclosure
16th Oct 200911:40 amRNSEPT Disclosure
15th Oct 20094:08 pmRNSDisclosure Form SAR 6
15th Oct 20092:43 pmRNSDisclosure Form SAR 6
15th Oct 20099:49 amRNSPossible Offer
15th Oct 20097:00 amRNSPossible Offer
30th Sep 20097:00 amRNSInterim Results for the period ending 30 June 2009
18th Sep 20097:00 amRNSPlacing
19th Aug 20097:00 amRNSGas Production Update
20th Jul 20097:00 amRNSExploration Licence Award
6th Jul 20097:00 amRNSCommercial Gas Discovery
1st Jul 200911:00 amRNSAward of New Polish Licence
30th Jun 20097:00 amRNSFinal Results
9th Jun 20097:00 amRNSChange of Adviser
8th Jun 20097:00 amRNSCompletion of Acquisition
1st Jun 20097:00 amRNSAward of Moroccan Oil Project
29th Apr 20097:00 amRNSIssue of Equity
19th Mar 20097:00 amRNSAward of Additional Polish Concessions
10th Mar 20097:00 amRNSAcquisition of new Italian licences
25th Feb 20097:05 amRNSMoroccan Operational Update

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.