Successful Fracture of Lewino-1G2

RNS Number : 4781I

San Leon Energy PLC

03 July 2013

 



03 July 2013

San Leon Energy Plc

("San Leon" or the "Company")

Successful Fracture of Lewino-1G2 in Gdansk W Concession

·     120 barrels per minute rate achieved at pressure

·     Hydraulic Fracture successfully completed

San Leon Energy is pleased to announce it has successfully completed the hydraulic fracture of Lewino-1G2 well in Gdansk W Concession ("Concession") in the Baltic Basin.

United Oilfield Services ("UOS") carried out the operation yesterday and attained an average main treatment pump rate of 120 barrels per minute at pressure, which is the highest achieved outside North America. The pumping lasted less than three hours.

The fracture was completed on schedule and the well will now have tubing installed, in preparation for clean-up and testing.

San Leon will update the market with test results as soon as they are available.

Executive Chairman, Oisin Fanning commented:

"We are very satisfied with the initial results achieved by this operation. A high rate was an integral part of our frack design and to achieve a rate at the top end of that spectrum is very encouraging."

United Oilfield Services President, Dennis McKee, commented:

"UOS is pleased to have had the opportunity to participate with San Leon in successfully performing the first high pressure high rate hydraulic fracturing treatment outside of the North American unconventional shale plays."

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
Alexandra Roper
Plunkett Public Relations	Tel: [phone]
Sharon Plunkett
Jennie Cotter

www.sanleonenergy.com

Qualified person

Joel Price, who has reviewed this update, has 19 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 currently the Head of Engineering for San Leon Energy and is based in San Leon's London office.

 

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