21 Aug 2015 16:00
21 August 2015
San Leon Energy Plc
("San Leon" or "the Company")
Morocco well spud
San Leon Energy, the AIM listed company focused on oil and gas exploration in Europe and North Africa, announces that the El Aaiun-4 well on the Tarfaya conventional licence, onshore Morocco, was spud today.
The well is being drilled with Entrepose Drilling's Cabot 750 rig and is expected to take approximately 30 days to reach total depth (TD) of around 2000 metres below rotary table. The reservoir target is Tertiary channel sandstones, and the surface location is approximately 14 Km from a gas market (El Marsa OCP phosphate processing plant, near Foum el-Oued).
San Leon is the operator of the Tarfaya licence and holds a 75% net operated interest. ONHYM, the Moroccan National Bureau of Petroleum and Mines, holds the remaining 25% interest.
Qualified person
Joel Price, who has reviewed this update, has more than 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.
Enquiries:
San Leon Energy plc Oisin Fanning, Executive Chairman
| +353 1291 6292 |
Brandon Hill Capital Oliver StansfieldJonathan Evans
| +44 (0) 20 3463 5000
|
finnCap Ltd Corporate FinanceMatt Goode Christopher RaggettCorporate BrokingJoanna Weaving
| +44 (0) 20 7220 0500 |
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 RelationsChris McMahon Alexandra Roper
| +44 (0) 20 7016 9572 |
Plunkett Public RelationsSharon Plunkett | +353 (0) 1 280 7873 |
www.sanleonenergy.com
San Leon (SLE)