San Leon Energy Plc

San Leon Energy Plc

March 08, 2012 02:30 ET

San Leon Energy Plc: Szymkowo-1 Well Spuds on Szczawno Concession, Baltic Basin, Poland

LONDON, UNITED KINGDOM--(Marketwire - March 8, 2012) - San Leon Energy ("San Leon" or the "Company") (AIM:SLE) is pleased to announce that it has spud the Szymkowo-1 well on its Szczawno Concession in the Baltic Basin, Poland. The well, which is operated by Talisman Energy Poland, is designed to test the deep unconventional gas potential of the Lower Silurian, Ordovician and Upper Cambrian. This is the third well in the initial three well program in the Baltic Basin with Talisman. The Szymkowo-1 well will be the southernmost and deepest penetration of the Paleozoic section in the Baltic Basin.

Oisin Fanning, Chairman of San Leon, commented:

"As we continue to understand the geology of the Paleozoic section in the Baltic Basin we are excited to move to the southern portion of the basin and test the deeper zone which we believe to have very high potential for gas."

Contact Information

  • San Leon Energy Plc
    Oisin Fanning
    Executive Chairman
    + 353 1291 6292

    Macquarie Capital (Europe) Limited
    Paul Connolly
    John Dwyer
    +44 (0) 20 3037 2000

    Westhouse Securities
    Richard Johnson
    Antonio Bossi
    +44 (0) 20 7601 6100

    College Hill Associates
    Nick Elwes
    +44 (0) 20 7457 2020