Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSLE.L Regulatory News (SLE)

  • There is currently no data for SLE

Drilling Update-Rogity-1

10 Feb 2012 07:00

RNS Number : 1855X
San Leon Energy PLC
10 February 2012
 



10 February 2012

 

San Leon Energy Plc

("San Leon" or the "Company")

 Testing the Eastern Baltic Basin - Rogity-1 Well Drilled

San Leon, the fast growing oil and gas company with an extensive portfolio of assets across Europe and North Africa,is pleased to announce the successful completion of its second shale gas exploration well in Poland's Baltic Basin. The Talisman Energy operated Rogity-1 well, on the Braniewo S Concession in Poland, has been drilled to a depth of 2,788 meters. During drilling continuous gas shows were encountered over more than 500 meters of the Lower Silurian, Ordovician, and Middle Cambrian sections. The rich gas shows consisted of heavy hydrocarbons, including C1-nC8. The richness of the gas shows is consistent with a wet gas system, confirming the Company's regional model of the eastern side of the basin being in the oil window. The strongest gas shows, along with indications of oil, were encountered in the Lower Silurian interval, which is estimated to be over 100 meters thick. Oil shows were also encountered in Ordovician limestones and shales, and in Middle Cambrian sandstone.

334 meters of continuous core were taken in the well to evaluate the reservoir properties and mechanical properties of the Lower Silurian, Ordovician, and Middle Cambrian sections. In addition an extensive open hole logging program was also performed to further evaluate the potential of the well. Evaluation and interpretation of the core and logs is expected to take 3-4 months in preparation for continued operations later in 2012. The well was completed and cased for future operations, which could include pressure testing of the formations (DFIT test) and a possible vertical frac across several intervals. Future operations in the Braniewo S Concession are expected to include a long offset horizontal well as well as a multistage frac.

Talisman will next move the rig to the Szczawno concession to drill the Szymkowo-1 well.

 Oisin Fanning, Chairman of San Leon commented:

"We are excited by the successful drilling and significant data gathering at the Rogity-1 well. Our initial results show the regional variability of the basin and have confirmed our model of a more liquids rich system on the eastern edge of the basin. This is yet another milestone for San Leon and our successful partnership with Talisman Energy. Our continued systematic approach towards evaluating our geographically and geologically diverse unconventional gas acreage in Poland is paying off."

 

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

 

WesthouseSecurities

Antonio Bossi

Richard Johnson

 

 

 

 

Tel: +44 (0) 20 7601 6100

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.

 

 

Notes to editors:

San Leon is an independent fast growing oil and gas exploration company and is Europe's leading shale gas company by acreage. The Company has an extensive portfolio of assets in Europe and North Africa that will enable it to provide energy solutions for the future.

 

San Leon's assets are located in Poland, Morocco, Albania, Ireland, Spain and Italy. The Company's portfolio across these geographies is made up of both shale (Poland Baltic Basin, Morocco and Spain) and conventional exploration assets.

 

San Leon's key objective is to grow the Company significantly and to become a leading European oil and gas player delivering value to all its stakeholders. To achieve this San Leon, since it was founded in 1995, has built a balanced portfolio as well as an exceptional technical team.

 

The Company is listed on London's Alternative Investment Market (ticker symbol: SLE). As at 30 June 2011 the Company had €42.2 million of cash and cash equivalents.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLSFUSMSFESEDE
Date   Source Headline
29th Aug 20127:00 amRNSAward of Additional Blocks
28th Aug 20127:00 amRNSCairn Energy to farm-in to Foum Draa Block
23rd Aug 20127:00 amRNSGenel Energy to farm-in to Sidi Moussa Block
17th Aug 20122:00 pmRNSDeutsche Bank Appointed for ADR Program
16th Aug 20127:00 amRNSAppointment of Joint Corporate Broker
13th Aug 20127:01 amRNSMorocco Farm-In Agreements
20th Jul 201210:20 amRNSHolding(s) in Company
18th Jul 20127:00 amRNSDirector Dealing
17th Jul 20127:00 amRNSSuccessful completion of Szymkowo-1 well
16th Jul 20127:00 amRNSSpud of Lelechów-SL1 Well
11th Jul 20127:00 amRNSDirector Dealing
6th Jul 20127:00 amRNSAward of Czersk Concession
5th Jul 20127:00 amRNSTwo well exploration programme & JV Partnership
2nd Jul 201211:16 amRNSDirectors' Dealings
29th Jun 20127:00 amRNSFinal Results
27th Jun 20127:00 amRNSDisposal of Amstel Field Royalty for EUR 9.9m
26th Jun 20127:00 amRNSSiciny-2 Update
21st Jun 20129:11 amRNSBarryroe Update
14th Jun 20127:00 amRNSRawicz Concession Expansion
6th Jun 201210:00 amRNSBarryroe Update
6th Jun 20127:00 amRNSExpansion of Gas Acreage
1st Jun 20128:31 amRNSTotal Voting Rights
30th May 20124:35 pmRNSPrice Monitoring Extension
24th May 20129:28 amRNSBarryroe Update
21st May 20127:00 amRNSPraszka Concession Awarded
10th May 201210:01 amRNSBarryroe Update
30th Mar 201210:37 amRNSTotal Voting Rights
29th Mar 20127:07 amRNSProspective Resources Estimates
23rd Mar 201210:03 amRNSBarryroe Well Testing Update
15th Mar 20129:46 amRNSBarryroe Well
8th Mar 20127:00 amRNSSpudding of Szymkowo-1 Well
21st Feb 201210:16 amRNSAdditional Listing
14th Feb 20127:00 amRNSCompletion of Siciny-2 Well
10th Feb 20127:00 amRNSDrilling Update-Rogity-1
6th Feb 20127:00 amRNSRe Directorate
1st Feb 20127:00 amRNSChange of Name of Nominated Adviser
31st Jan 20122:30 pmRNSTotal Voting Rights
31st Jan 20127:00 amRNSAdvisory Committee
24th Jan 20127:00 amRNSCompletion of 2D Seismic
17th Jan 20127:00 amRNSAlbania Exploration Update
13th Jan 20127:00 amRNSTarfaya Oil Shale Update
23rd Dec 20117:00 amRNSBarryroe Licence
22nd Dec 20117:00 amRNSTransfer of Interest
13th Dec 201110:50 amRNSExercise of Options
13th Dec 201110:30 amRNSHolding(s) in Company
13th Dec 20119:38 amRNSHolding(s) in Company
13th Dec 20119:24 amRNSRogity-1 Well Spuds
9th Dec 201110:14 amRNSExercise of Options
8th Dec 20114:39 pmRNSHolding(s) in Company
30th Nov 20112:45 pmRNSExercise of Options

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.