4th Feb 2011 07:00
SAN LEON ENERGY ("San Leon" or the "Company")
Szczecinek 3D Seismic Survey Completed | |
San Leon is pleased to announce that it has completed a 60 sq. km 3D seismic program over the Szczecinek block in northern Poland. San Leon (50%) and its partner Gas Plus International B.V. (50%) are currently processing the new data and plan to begin detailed interpretation in March with a view to drilling an exploration well later this year. The survey is targeting the high potential "Sylvia" oil prospect in the Main Dolomite of the Permian Zechstein Formation. "Sylvia" is an analogue to two of the largest oil discoveries in Poland, which were only discovered from the early 1990's through early 2000's with potential reserves in excess of 100 mmbbls of recoverable oil.
Oisín Fanning, Chairman of San Leon commented:
"I am delighted that our exploration team will now have the data necessary to evaluate this high potential oil play. The new seismic will enable our in-house team to locate and permit well locations for our planned drilling program."
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February 4, 2011
ENQUIRIES
San Leon Energy plc |
Oisin Fanning, Executive Chairman | +353 1291 6292 |
John Buggenhagen, Director of Exploration | ||
Macquarie Capital (Europe) Limited | +44 (0)203 037 2000 | |
John Dwyer | ||
Paul Connolly | ||
Ben Colegrave | ||
Fox-Davies Capital Limited | +44 (0) 203 463 5010 | |
Phil Davies | ||
David Porter | ||
Arbuthnot Securities Limited |
Nominated Adviser |
+44 (0) 207 012 2000 |
Nick Tulloch | ||
Ben Wells | ||
College Hill | Investment Relations Adviser | +44 (0) 207 457 2020 |
Nick Elwes |
Qualified person
John Buggenhagen 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.
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