Sign In
29 Jul 2011 07:00
SAN LEON ENERGY
("San Leon" or the "Company")
Nida Trough Drilling Set to Spud
San Leon Energy's Polish subsidiary Vabush Energy Sp. z o. o. (Vabush) has signed with Poszukiwania Nafty i Gazu Jasło Sp. z o. o. (Jasło) to contract a rig for its upcoming two well programme in Poland's Nida Trough. Both wells are planned to reach a total depth of 1,000 meters and test multiple targets on trend with the prolific Płowowice and Grobla oil fields. The first well, Chopin-1, is set to spud in early September immediately followed by the Belvedere-1 well. Vabush has secured land access agreements for the first location, Chopin-1, and is finalizing the Belvedere-1 agreements. Both Vabush and Jasło are finalizing the permitting process with plans to start building a location in early August.
Oisin Fanning, Executive Chairman of San Leon, commented:
"San Leon is delighted to be on the cusp of a very intensive drilling programme in both conventional oil and unconventional gas. The focus of San Leon's high-impact campaign in Poland will see the company drill up to three wells in September alone, weather permitting, and one of which is a shale gas prospect in the Baltic Basin. We look forward to updating the market in due course."
29 July 2011
ENQUIRIES
San Leon Energy plc |
Oisin Fanning, Executive Chairman | +353 1291 6292 |
John Buggenhagen, Director of Exploration | ||
Macquarie Capital (Europe) Limited | +44 (0) 20 3037 2000 | |
John Dwyer | ||
Paul Connolly | ||
Ben Colegrave | ||
Fox-Davies Capital Limited | +44 (0) 20 3463 5010 | |
David Porter | ||
Arbuthnot Securities Limited | Nominated Adviser | +44 (0) 20 7012 2000 |
Nick Tulloch | ||
Henry Willcocks | ||
College Hill | Investment Relations Adviser | +44 (0) 20 7457 2020 |
Nick Elwes | ||
Follow the stocks
