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 Nov 20113:21 pmRNSExercise of Options
17th Nov 20117:00 amRNSLewino 1G-2 Drilled
11th Nov 20115:47 pmRNSCompletion of acquisition
11th Nov 20119:52 amRNSCommencement of drilling
10th Nov 20115:10 pmRNSAdmission of new shares re Realm
2nd Nov 20119:10 amRNSRealm Energy shareholder approval
21st Oct 20113:15 pmRNSResults of Belvedere-1 Well
19th Oct 20117:44 amRNSBarryroe Update
18th Oct 20112:30 pmRNSNew Licencing Option
12th Oct 20113:48 pmRNSSpudding of Belvedere-1 Well
12th Oct 201110:11 amRNSRealm Energy Acquisition Update
5th Oct 201112:30 pmRNSHolding(s) in Company
3rd Oct 20115:10 pmRNSDirector/PDMR Shareholding
30th Sep 20117:00 amRNSInterim Results
29th Sep 20117:00 amRNSResults of Chopin-1 Well
26th Sep 20111:04 pmRNSCommencement of drilling
23rd Sep 201112:29 pmRNSResult of AGM
21st Sep 201111:34 amRNSRealm Energy Announcement
5th Sep 20113:17 pmRNSCommencement of drilling
1st Sep 201111:06 amRNSBelvedere -1 exploration well
31st Aug 20119:47 amRNSInvestor Presentation
26th Aug 20118:35 amRNSAcquisition of Realm Energy
12th Aug 20114:35 pmRNSPrice Monitoring Extension
2nd Aug 20117:00 amRNSCompletion of 3D Seismic
29th Jul 20117:00 amRNSDrilling Update
19th Jul 20112:09 pmRNSAdditional Listing
30th Jun 20117:00 amRNSFinal Results
23rd Jun 201110:12 amRNSOperational update
14th Jun 201110:13 amRNSHolding(s) in Company
3rd May 201111:14 amRNSCommencement of Seismic Survey
29th Mar 20117:00 amRNSOperational Update
23rd Mar 20112:28 pmRNSAdditional Listing
22nd Mar 20117:00 amRNSJoint Participation Agreement
18th Mar 20118:35 amRNSCommencement of Seismic Servey
10th Mar 20117:00 amRNSRockall Licence Update
2nd Mar 201110:18 amRNSHolding(s) in Company
8th Feb 20114:18 pmRNSAdditional Listing
4th Feb 20117:00 amRNS3D Seismic Survey Completed
3rd Feb 20117:28 amRNSReplacement: Durresi Licence Approval
3rd Feb 20117:00 amRNSDurresi Licence Approval
26th Jan 20119:50 amRNSAdditional Listing
18th Jan 20117:00 amRNSHolding(s) in Company
14th Jan 20117:00 amRNSApproval received
12th Jan 20114:44 pmRNSHolding(s) in Company
12th Jan 20117:00 amRNSRockall licence update
6th Jan 20112:14 pmRNSBoard Changes
5th Jan 201112:11 pmRNSHolding(s) in Company
31st Dec 20108:12 amRNSCompletion of Placing
30th Dec 201012:40 pmRNSResult of EGM
22nd Dec 20104:49 pmRNSHolding(s) in Company

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.