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Poland Update

17 Sep 2014 15:59

RNS Number : 9565R
San Leon Energy PLC
17 September 2014
 



17 September 2014

 

San Leon Energy plc

("San Leon Energy" or "the Company")

 

Poland Update

 

San Leon Energy, the AIM listed company focused on oil and gas exploration in Europe and North Africa, notes today's Operations and Corporate Update from 3Legs Resources Plc ("3Legs"). While it is disappointing that commerciality has still to be proven in a Polish horizontal shale well, the Company notes that the hydrocarbon liquid:gas ratio in the Lublewo LEP-1ST1H well appears to be in excess of 10 times that in the Lewino-1G2 well. Since finishing testing Lewino-1G2 in January 2014, San Leon has believed that its liquid:gas ratio was at a desirable level, providing liquid sales potential whilst minimising any adverse effects on gas production. San Leon continues to believe in the potential of its Gdansk W concession.

 

Qualified person

Joel Price, who has reviewed this update, has 20 years' experience in the oil & gas industry and is a member of the Society of Petroleum Engineers. He holds a BA in Natural Sciences from Cambridge University, an MEng from Heriot-Watt University, and an MBA from Durham University. Joel is Chief Operating Officer for San Leon Energy and is based in San Leon's London office.

 

For further information contact:

 

San Leon Energy plc 

Oisin Fanning, Executive Chairman

 

+353 1291 6292

finnCap Ltd 

Corporate FinanceMatt Goode

Christopher RaggettCorporate BrokingElizabeth JohnsonJoanna Weaving

 

+44 (0) 20 7220 0500

Fox-Davies Capital Limited

Daniel Fox-DaviesOliver StansfieldJonathan Evans 

 

+44 (0) 20 3463 5000

Macquarie Capital (Europe) LimitedJon FitzpatrickNicholas Harland

 

+44 (0) 20 3037 2000

Westhouse Securities LtdNominated AdviserRichard JohnsonAntonio Bossi

 

+44 (0) 20 7601 6100

Vigo CommunicationsFinancial Public RelationsPatrick d'AnconaChris McMahon

 

+44 (0) 20 7016 9573

Plunkett Public RelationsSharon Plunkett

+353 (0) 1 280 7873

 

www.sanleonenergy.com 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCQKODPQBKDACD
Date   Source Headline
28th Jan 20147:00 amRNSMoU Signed with Chevron Lummus Global
23rd Jan 20147:00 amRNSLewino-1G2: Vertical Frac Leads To Horizontal Well
20th Dec 201312:02 pmRNSMorocco Update
4th Dec 20137:00 amRNSAppointment of Joel Price to position of COO
26th Nov 20137:05 amRNSAlpay Energi Update
26th Nov 20137:00 amRNSLewino-1G2 Operational Update
30th Oct 20137:00 amRNSHolding(s) in Company
28th Oct 201311:03 amRNSMorocco Update
23rd Oct 20137:00 amRNSHolding(s) in Company
23rd Oct 20137:00 amRNSLewino-1G2 Operational Update
22nd Oct 201310:19 amRNSNotification of Major Interest in Shares
21st Oct 20139:00 amRNSCompletion of Second Placing
18th Oct 201312:54 pmRNSResult of EGM
30th Sep 20138:00 amRNSCompletion of First Placing
30th Sep 20137:00 amRNSInterim Results
27th Sep 20133:02 pmRNSResult of AGM
26th Sep 20139:04 amRNSBinding Heads of Agreement Re Sale of Irish Assets
25th Sep 20137:00 amRNSAcquisition of 75 per cent. of Alpay Enerji A.S.
16th Sep 20138:00 amRNSDrilling Report
16th Sep 20137:00 amRNSDrilling Report
22nd Aug 20137:00 amRNSAspect Energy farms into Poland Concessions
21st Aug 20137:00 amRNSSiciny-2 Update
20th Aug 20137:00 amRNSNowa Sol Update
19th Aug 20137:00 amRNSAwarded Timahdit Oil Shale Block
5th Aug 20137:30 amRNSCommencement of Siciny-2 DFIT
5th Aug 20137:00 amRNSCommencement of Rogity-1 Well Vertical Fracture
2nd Aug 20131:05 pmRNSDurresi Block, Albania Licence Extension Approved
25th Jul 20139:07 amRNSBarryroe Update
22nd Jul 20133:30 pmRNSBoard Changes
10th Jul 201311:01 amRNSExercise of Options
3rd Jul 20137:15 amRNSSan Leon To Farm Out Baltic Basin Concession
3rd Jul 20137:00 amRNSSuccessful Fracture of Lewino-1G2
28th Jun 20138:00 amRNSLewino-1G2 Operational Plan
28th Jun 20137:00 amRNSFinal Results
17th Jun 201311:12 amRNSReplacement:Lewino-1G2 Fracture Approvals Obtained
17th Jun 201310:59 amRNSLewino-1G2 Fracture Approvals Obtained
12th Jun 20133:44 pmRNSUpdate on Czaslaw-1 and Siciny-2
31st May 20137:00 amRNSTotal Voting Rights
30th May 20137:00 amRNSCzaslaw-1 Update
20th May 20137:00 amRNSBoard Change
16th May 20137:31 amRNSFoum Draa Update
14th May 20139:45 amRNSHolding(s) in Company
8th May 20137:05 amRNSWell Fracturing Agreement Signed
8th May 20137:00 amRNSBaltic Basin Update
7th May 20139:58 amRNSCzaslaw-1 Stimulation and Test
29th Apr 20137:00 amRNSAwarded Two Further Spanish Exploration Licences
26th Apr 201312:08 pmRNSDurresi Block, Albania Licence Extension
19th Apr 20137:29 amRNSCzaslaw-1 Stimulation and Test
17th Apr 20137:00 amRNSSiciny-2 DFIT and Frac Mobilization
12th Apr 201311:40 amRNSStatement re Request for Arbitration

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