Rawicz-15 Development Well

RNS Number : 1568B

San Leon Energy PLC

05 October 2015

 

5 October 2015

San Leon Energy Plc

("San Leon" or "the Company")

Rawicz-15 Development Well

San Leon Energy, the AIM listed company focused on oil and gas exploration in Europe and North Africa, announces the next step in the development of the Rawicz field.

The Rawicz-15 development well on the 742 km² Rawicz Concession in Poland's southern Permian Basin, will be spud during November 2015.  In addition to providing a second production well, it will yield further data on the Permian Rotliegendes sandstone reservoir in the southwestern extent of the Rawicz gas accumulation.

The well, which is operated and funded by Palomar Natural Resources ("PNR"), is expected to take 35 days to reach a total depth of around 1,600 meters, and will be followed by completion and a full well testing programme.  Poland's Exalo Drilling will perform the work.

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 (Geology) from Cambridge University, an MEng in Petroleum Engineering 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	[phone]
Brandon Hill Capital Oliver Stansfield Jonathan Evans	[phone]
finnCap Ltd  Corporate Finance Matt Goode Christopher Raggett Corporate Broking Joanna Weaving	[phone]
Macquarie Capital (Europe) Limited Jon Fitzpatrick Nicholas Harland	[phone]
Westhouse Securities Ltd Nominated Adviser Richard Johnson Antonio Bossi	[phone]
Vigo Communications Financial Public Relations Chris McMahon Alexandra Roper	[phone]
Plunkett Public Relations Sharon Plunkett	[phone]

The Directors of San Leon accept responsibility for the information contained in this announcement. To the best of their knowledge and belief (having taken all reasonable care to ensure such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

A person interested in 1% or more of any class of relevant securities of San Leon may have disclosure obligations under Rule 8.3 of the Takeover Rules, effective from 24 August 2015. 

The announcement is available on the Company's website at www.sanleonenergy.com 

 

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