San Leon to Spud Polish Exploration Well

- San Leon to Spud Polish Exploration Well

Thursday, September 01, 2011
San Leon Energy plc

San Leon announced that all the drilling equipment for the Belvedere-1 exploration well has now arrived on site and drilling is ready to commence. The Belvedere-1 well is located in the Nida concession, which is 100% owned by San Leon, covering some 280,000 acres and is on trend with significant oil production in Poland. The Company plans to drill two exploration wells on the concession, this month, targeting multiple one to two million barrel prospects. The Belvedere-1 is expected to spud on Monday, September 5, 2011.

Oisin Fanning, Chairman of San Leon, commented, "We are delighted to be spudding our first conventional well on the Nida Trough on Monday. This is an important concession for San Leon and has the potential to provide the company with near term revenue.

"This is a very busy and exciting time for the Company as we are not only drilling these conventional wells, but with our partner Talisman we are also scheduled to be drilling the first wells on our Baltic Basin acreage later this month."

Oil & Gas Post

Promote Your Page Too
LINK

San Leon Subsidiary Concludes Seismic Acquisition in Poland

- San Leon Subsidiary Concludes Seismic Acquisition in Poland

Tuesday, August 02, 2011
San Leon Energy plc

San Leon Energy's Polish subsidiary Liesa has completed its 168 sq. km 3D seismic acquisition program over the Nowa Sol license in the Southern Permian Basin of Poland. The survey was acquired by Acoustic Geophysical Services ("Acoustic") from Hungary. Permitting and land access agreements were managed by TDE Service Polska ("TDE"). Completion of the survey marks the first time that foreign contractors have carried out a seismic acquisition program in Poland.

The survey was designed to image the conventional oil and gas potential of the proven Permian sediments in the Nowa Sol area as well as to look at the deeper potential of the Carboniferous source rocks.

The survey will be processed by two independent processing companies, one in the US and one in Poland. Final processed results are expected in September followed by detailed interpretation by the Company, with plans to commence a two to three well drilling campaign by the end of 2011.

Oisin Fanning Chairman of San Leon Energy commented, "The completion of the Nowa Sol 3D is another step forward in our drilling plans for Poland. The lower risk oil potential of the area is an important part of our short term strategy to organically grow San Leon in the short term while we continue to explore for the significant longer term gas resources in our portfolio. The safe and successful completion of the Nowa Sol 3D is further evidence of San Leon's operational capabilities.

We believe that the Carboniferous section below the proven Permian sediments, an approximate 880,000-acre license position, also offers the potential to be a large unconventional gas play in Europe and we look forward to drilling this later in the year."

Oil & Gas Post

Promote Your Page Too

San Leon Secures Rig for Nida Trough Program

- San Leon Secures Rig for Nida Trough Program

Friday, July 29, 2011
San Leon Energy plc

San Leon Energy's Polish subsidiary Vabush Energy Sp. z o. o. (Vabush) has signed with Poszukiwania Nafty i Gazu Jasło Sp. z o. o. (Jasło) to contract a rig for its upcoming two well program in Poland's Nida Trough. Both wells are planned to reach a total depth of 1,000 meters and test multiple targets on trend with the prolific Płowowice and Grobla oil fields. The first well, Chopin-1, is set to spud in early September immediately followed by the Belvedere-1 well. Vabush has secured land access agreements for the first location, Chopin-1, and is finalizing the Belvedere-1 agreements. Both Vabush and Jasło are finalizing the permitting process with plans to start building a location in early August.

Oisin Fanning, Executive Chairman of San Leon, commented, "San Leon is delighted to be on the cusp of a very intensive drilling program in both conventional oil and unconventional gas. The focus of San Leon's high-impact campaign in Poland will see the company drill up to three wells in September alone, weather permitting, and one of which is a shale gas prospect in the Baltic Basin. We look forward to updating the market in due course."

Oil & Gas Post

Promote Your Page Too

San Leon Looks Ahead to Polish Drilling Programs

- San Leon Looks Ahead to Polish Drilling Programs

Thursday, June 23, 2011
San Leon Energy plc

San Leon provided the following Operational Update.

Poland - Exploration program continues as planned

• Interpretation and prospect evaluation is ongoing in Szczecinek Block 106 (San leon 50%). San Leon and its partner, Gas Plus, are looking at further studies including a regional core study to evaluate the paleogeography and continued evaluation of the newly acquired 3D survey. Gas Plus, the operator of the license, are likely to delay drilling until 2012 (from 3Q 2011) due to internal planning considerations.
• The Baltic Basic 2D seismic program, over the Gdansk W, Braniewo and Szczawno Concessions, was completed in June 2011. The Company successfully acquired 480 km of 2D data. The program was completed with a perfect HSE (Health, Safety and Environment) performance. A drilling rig has been booked for August 1, 2011, which will be used to drill three back-to-back wells.
• Geofizyka Krakow completed 120 km of high quality 2D seismic over the Company's 100% owned Nida Concession in May 2011. The data has been interpreted and confirmed three high potential structures on trend with the prolific Grobla and Plowice oil fields. A San Leon subsidiary, Vabush Energy, plans to drill two of these prospects commencing in July/August 2011.
• Acoustic Geophysical has started the acquisition of 165 km2 of 3D seismic on the Company's 100% owned Nowa Sol Concession. The survey is currently c.20% complete and is seeking to delineate numerous prospects and leads along the southern Fore Sudetic Monocline of the Permian Basin. This survey is designed to support an upcoming drilling campaign in the Nowa Sol Concession which is currently planned to start in 4Q 2011.
• Work is ongoing in the Carboniferous shale play across the Wschowa, Gora, Winsko and Rawicz Concessions (San Leon 100%). The Company continues to evaluate the existing core and well data in preparation for the first exploration well in the area which is planned for 4Q 2011. Core analysis is being performed by TerraTek (Schlumberger) and the Polish Oil & Gas Institute in Krakow. Petrophysics on the existing well logs has been performed by NuTech.

Morocco

• The Tarfaya Oil Shale pilot project is well advanced.
• The base camp has been constructed and all operational personnel are on site with all communications systems in place.
• The pilot plant site construction and the assembly of the process equipment has been completed.
• Two wells have been drilled at a distance of 10 meters apart confirming the presence of 30 meters of prospective oil shale at a depth of 195 meters. This is slightly thicker than the original prognosis. The initial model provided by ONHYM (Morocco National Office of Hydrocarbons and Mines) has also been confirmed by the well logs.
• A pre frac injection test with water was applied to collect data concerning the natural connectivity between the two wells and was followed by a mini hydro frac. This was unable to establish connectivity between the wells.
• Initial analysis of these tests has suggested the presence of natural fractures in the shale. San Leon is encouraged by the possibility of these natural fractures which could enhance the propagation of heated gas throughout the prospective intervals.
• The Company is re-evaluating the technical program to incorporate the new data gained from these tests into its model for commercial extraction of oil from the Tarfaya Shale.
• The Company plans to drill a third test well using the same rig in August 2011. Core data will be collected, from this well, in order to evaluate the local geologic parameters of the prospective shale interval as well as the presence and orientation of any natural fractures at the pilot location. Following the drilling of the third well, San Leon will again perform a small frac on the shale to establish connectivity between the wells. Based upon these results injection tests will be designed to take advantage of the fractures.
• Upon successful flow testing with water, followed by nitrogen, propane will subsequently be brought to the pilot plant to test the process of heating the shale with natural gas.
• San Leon's new seismic acquisition subsidiary, NovaSeis, is up and running in Morocco. NovaSeis plans to start the acquisition of 1,200 km of 2D seismic in its Tarfaya and Zag Licenses by July 1, 2011.
• Full re-interpretation of the seismic data on the offshore Foum Draa and Sidi Moussa Licenses is near completion. Once this is successful, the Company is likely to seek farm-in partners for drilling.

Ireland

• Following the Company's acquisition of Island Oil & Gas plc, San Leon continues to appraise its high impact Atlantic Margin assets and is seeking farm-in partners.
• San Leon completed a 250 km2 3D seismic survey on the North Porcupine License (FEL 1/04) in May 2011. The offshore survey was designed to evaluate the highly prospective C1 Lead. PGS Exploration UK Limited was contracted to carry out the survey using the M/V Ramform Vanguard. San Leon has a seismic services agreement with PGS Ventures AS, who is providing a US $50m facility for seismic services, part of which was used for this survey. We expect to finalize the data processing contractor(s) in the coming weeks. Seismic processing is expected to be complete in early 4Q 2011.
• The Company continues to interpret the 300 km2 Slyne License (FEL 4/06) 3D survey. Delays in processing and interpretations are the result of very complex structural issues and significant surface volcanics which have made imaging some areas of the survey very difficult. The initial interpretation is encouraging and the Company plans to open a data room in August/September 2011.
• Following the completion of the assignment of OMV's 50% interest in Rockall License (FEL 3/05) to San Leon in March 2011, the Company had insufficient time to secure a seismic survey vessel for the license in Summer 2011. San Leon expects to apply to the Irish Government for a license extension.
• The company is also considering several options for data acquisition/analysis of the South Porcupine License (FEL 3/08) including 2D/3D seismic and controlled source electro magnetic data acquisition with a view to seeking a farm-in partner to the license.
• 3D seismic acquisition operations have commenced on Barryroe Licensing Option (08/01) in the north Celtic Sea, offshore Ireland. Polarcus has been contracted to carry out a 220 km2 survey, which is expected to be completed by the end of June.

Albania

• The 840 km2 Durresi Block 3D seismic acquisition survey was completed in April 2011. The data is currently being processed by Western Geophysical in London, who are expected to deliver the final processed data in early 4Q 2011. Parallel interpretation and prospect generation will continue in the interim.
• The 3D seismic program will evaluate a number of highly prospective structures in the Block, including the A4-1X discovery, in preparation for a planned 2012 exploration and appraisal drilling program.

Netherlands

• GDF Suez E&P Nederland B.V, the new 50% owner in the Amstel Field, offshore Netherlands, has successfully completed the drilling of an appraisal well on March 29, 2011. The partners are currently evaluating a development plan for the oil field, in which San Leon Energy holds a 2.5% royalty.

Italy

• San Leon has notified the Italian authorities that it is relinquishing two offshore Sicily permits. The Company has made the decision following the publication of a new Italian Environmental Law in June 2010 which placed tighter restrictions on oil and gas exploration within five nautical miles of the coast and twelve nautical miles of any protected environmental area. In effect, San Leon would not have gained an environmental authorization to drill exploration or appraisal wells in two permit areas, D.352 CR-SL (Narciso) and D.354 CR-SL (Sciacca). The relinquishment will become effective upon publication of a notice in the official Italian Ministerial Gazette, B.U.I.G.. San Leon will continue to retain D.353 CR-SL (Narciso South) and its two onshore Po Valley assets Sorbolo and Sospiro.

Oisin Fanning, Chairman of San Leon Energy commented, "We continue to make steady progress and meet our objectives as we move from seismic acquisition to drilling on many of our licenses. The completion of three seismic acquisition programs in Poland, particularly the 2D seismic acquisition in the Baltic Basin, and the start of another program on our Nowa Sol Concession mean our shareholders can now look forward to drilling these prospects over the coming months.

Furthermore, our new seismic acquisition company, Novaseis, is about to begin the first of two seismic acquisition programs in Morocco and this follows the successful completion of our offshore Albania and Atlantic Margin Ireland surveys.

The Company's operational and technical capacity continues to grow in line with our increasing activity, particularly in Poland, where our knowledge base and expertise is geared towards delivering near term value for our shareholders."

Oil & Gas Post

Promote Your Page Too