3D Seismic Survey Completed

RNS Number : 6720A

San Leon Energy PLC

04 February 2011

 



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."

February 4, 2011

ENQUIRIES

San Leon Energy plc	Oisin Fanning, Executive Chairman	[phone]
	John Buggenhagen, Director of Exploration
Macquarie Capital (Europe) Limited		[phone]
	John Dwyer
	Paul Connolly
	Ben Colegrave
Fox-Davies Capital Limited		[phone]
	Phil Davies
	David Porter
Arbuthnot Securities Limited	Nominated Adviser	[phone]
	Nick Tulloch
	Ben Wells
College Hill	Investment Relations Adviser	[phone]
	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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