Commencement of Siciny-2 DFIT

RNS Number : 9234K

San Leon Energy PLC

05 August 2013

 



5 August 2013

San Leon Energy Plc

("San Leon" or the "Company")

Commencement of Siciny-2 DFIT

San Leon is pleased to announce it has today started mobilizing equipment to undertake the second Diagnostic Fracture Injection Test ("DFIT") on the Siciny-2 in the SW Carboniferous Basin in Poland.

This DFIT will be carried out in a section of the tight gas sand reservoir which is at a shallower depth than where the first DFIT was executed earlier this year.  Log interpretation shows higher porosity in this zone, likely accompanied by higher permeability.  A bridge-plug will be set above the previous perforations, and the well will be perforated in the new zone.

The well will then be shut in with down-hole gauges installed.  Pressure bleed-off will be monitored for the next several days and subsequent data analysis over the following three weeks will be instrumental for designing a potential future fracture of the tight gas sand in Siciny-2.

Executive Chairman, Oisin Fanning commented:

"This is an important milestone in this project and we will update the market in due course."

For further information contact:

San Leon Energy Plc	Tel: [phone]
Oisin Fanning, Executive Chairman
Macquarie Capital (Europe) Limited	Tel: [phone]
John Dwyer
Fox Davies Capital	Tel: [phone]
Daniel Fox-Davies
Richard Hail / Susan Walker
FirstEnergy Capital LLP	Tel: [phone]
Hugh R. Sanderson
David van Erp
Westhouse Securities (Nominated Advisor)	Tel: [phone]
Richard Johnson
Antonio Bossi
College Hill Associates	Tel: [phone]
David Simonson	Or [phone]
Catherine Wickman
Plunkett Public Relations	Tel: [phone]
Sharon Plunkett
Jennie Cotter

www.sanleonenergy.com

Qualified person

Lars Hübert, who has reviewed this update, has over 17 years experience in the oil & gas industry. He holds a BS from the University of Oslo, a MS from the University of Wyoming, and a MBA from Heriot Watt University. Lars is currently the Exploration Manager for all unconventional oil  and gas for San Leon Energy and is based in San Leon's Warsaw office in Poland.

 

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