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

InterOil Completes Well at San Luis Field

- InterOil Completes Well at San Luis Field

Thursday, July 14, 2011
InterOil

InterOil has completed the second well, 13164D, on the San Luis Field in Peru. The well is producing 795 BOPD through a 5/16" choke. This is significant higher than the estimated 350 BOPD.

Well 13164D encountered a separate segment on the San Luis Field, with several oil bearing sands in the Salina Mogollon Formation. Pressure data support the interpretation of a new segment and show no sign of depletion from neighboring wells. This pay-zone is thicker than any of the zones drilled so far on the San Luis Field. San Luis will be further evaluated in order to map out the additional potential this segment can have for future drilling. The full potential of this new segment will be better understood after 2-3 months of production.

Drilling of the third well, 13157D, is ongoing. The well will be drilled as an appraisal well to the San Luis Field in a North Eastern position and is expected to be completed in the beginning of August.

Oil & Gas Post

Promote Your Page Too
LINK

Amerisur to Begin Data Interpretation at San Pedro Block

- Amerisur to Begin Data Interpretation at San Pedro Block

Wednesday, July 13, 2011
Amerisur Resources plc

Amerisur announced an update on operations in Colombia and Paraguay.

Platanillo

The Company applied for a modification of the Platanillo Global Environmental License to the Ministry of Environment, Housing and Territorial Development (MAVDT) on January 21, 2011. That modification contemplated the construction of an access road to the southern part of the field and 8 new drilling locations within that section. The Company has maintained a close contact with MAVDT and has promptly provided all the information and assistance required by the environmental authorities. The proposal is under review by MAVDT.

It is expected that the drilling program will be underway during 4Q 2011. Given the delays occasioned by the permitting process the Company expects to complete 3 new wells during 2011, however the drilling program would continue consecutively should results merit, thus completing the total of 6 new wells during 1H 2012.

San Pedro Block Paraguay

The 13,000 km Aeromagnetometry program was completed on time and on budget and Fugro is well advanced with the data processing. The Company expects to begin interpretation during July 2011.

John Wardle, CEO, said, "The tremendous growth of activity in the Petroleum and Mining sectors in Colombia has placed an unprecedented load upon regulatory resources. This is an extraordinary situation, never seen before in the Colombian industry and has had an extraordinary effect upon the operations of all Operators in the country. Our respect for the environment where we work is paramount and is an integral part of our business. I believe we have maintained these high standards in our work and proposals to date. All preparations for the drilling program are complete, and have been so for some time, hence once we receive the approval of the environmental modification I expect to achieve rapid progress."

Oil & Gas Post

Promote Your Page Too
LINK

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

Eagleford Energy to Boost Productivity at San Miguel Formation

- Eagleford Energy to Boost Productivity at San Miguel Formation

Tuesday, June 14, 2011
Eagleford Energy Inc.

Eagleford Energy has performed a nitrified acid injection treatment in the San Miguel formation on its Matthews/Dyami #3 well. A nitrified acid treatment was injected into the wellbore using a coil tubing unit to improve conductivity around the wellbore, increase productivity and satisfy a condition of the lease purchase agreement. These objectives have been accomplished. The injection operation was successful and fluid level measurements within the wellbore are considerably higher which is indicative of materially improved inflow of oil from the reservoir. The well is currently undergoing production testing and has been recovering minimal amounts of treatment water and is primarily producing oil. The oil gravity is approximately 10 degree API and production rates are varying due to ambient surface conditions.

Under the terms of a Farmout Agreement announced by the Company on April 8, 2011, the farmee may spend up to $1,050,000 on exploration and development to earn a maximum of 50% of the Company's working interest or a 42.50% working interest (31.875% net revenue interest) from surface to the base of the San Miguel formation on the Company's Matthews Lease. The farmee earns an initial 21.25% working interest by paying 100% of the costs to drill, complete, equip and perform an injection operation on the Matthews/Dyami #3. The farmee may increase its working interest to 42.5% by spending the entire $1,050,000 on additional operations on the San Miguel in a good faith effort to produce hydrocarbons.

Albert Dawsey of Dawsey Operating LLC stated, "We are pleased with the initial production results from completing this first San Miguel oil well. The data gathered from drilling this well and the completion results indicate enhanced recovery processes for this heavy oil can sustain production of the field. This new data also supports prior information about the oil in place and the ability to produce significant amounts of oil from the reservoir."

The Company's Matthews Lease comprises 2,629 acres of land in Zavala County, Texas. Zavala County, Texas is part of the Maverick Basin of Southwest Texas and downdip from the United States Geological Studies north boundary of the Smackover-Austin-Eagle Ford total petroleum system. This area is often referred to as the oil window of the present Eagle Ford shale play.

Oil & Gas Post

Promote Your Page Too

Neon Completes HZ Wells at San Ardo Field

- Neon Completes HZ Wells at San Ardo Field

Thursday, May 26, 2011
Neon Energy Ltd.

Neon announced the successful completion of the Lombardi 20-27H and Lombardi 21-27H horizontal development wells at its 100% owned North San Ardo field, onshore California. Both wells targeted the southern lobe of the field, infilling the existing well pattern with 1,000 foot horizontal sections within the oil column.

The wells, which were completed and brought on stream within a two week period, are currently producing at rates of 200 bopd (well 20-27H) and 500 bopd (well 21-27H) respectively. At the time of writing total North San Ardo field output has surpassed the 1000 bopd level.

The total capital cost for both wells was approximately US $1.3 million, and at current rates of production and oil prices Neon expects to achieve payback in less than one month.

The Company plans to proceed with a facilities upgrade to enable the handling of a sustained higher level of production. Additional development drilling is planned within the next two months, and the Company is also preparing to drill a near-field exploration well at the Lombardi East prospect, to the northeast of the main field.

Neon's Managing Director Ken Charsinsky commented, "We remain committed to maximizing value at our North San Ardo asset, and are encouraged by the ongoing success achieved with the recent drilling campaign. While initial production rates will decline, often rapidly, the increase in production to this milestone level will have a material effect upon the Company's cash flow given the current sustained high oil price."

Oil & Gas Post

Promote Your Page Too

Drilling Commenced at Neon's San Ardo Field

Drilling Commenced at Neon's San Ardo Field

Thursday, April 21, 2011
Neon Energy Ltd.

Neon Energy is pleased to announce commencement of a two well development drilling program on it's 100% owned North San Ardo oil field, onshore California.

The Lombardi 20-27H and Lombardi 21-27H horizontal production wells will be drilled back to back, targeting the southern lobe of the field. These wells are anticipated to significantly increase production at a time of strong oil prices.

The two well program is budgeted at US $1.6 million, and the wells are each expected to take two weeks to drill, complete and commence production. The Company will provide further information as and when initial production rates become available

Crown Point Resumes Drilling Ops in Golfo San Jorge Basin

Crown Point Resumes Drilling Ops in Golfo San Jorge Basin

Tuesday, April 19, 2011
Crown Point Ventures Ltd.

Crown Point advised that drilling and production operations have resumed at El Valle in the Golfo San Jorge Basin. The labor dispute which forced the Santa Cruz basin wide shut down has been resolved and normal operations in the basin are resuming. Crown Points drilling operation has resumed and today is recommencing production operations.

Crown Point's first well of a 6 well program has been drilled to total depth and is waiting to be logged. Once logging has been completed Crown Point expects to case the well as a potential oil well. The five remaining wells will be drilled sequentially.

Eagleford Enters San Miguel Farmout

Eagleford Enters San Miguel Farmout

Friday, April 08, 2011

Eagleford Energy Inc.

 

Eagleford has entered into a Farmout Agreement from surface to the base of the San Miguel formation on the Matthews Lease located in Zavala County, Texas. Under the Farmout, the farmee may spend up to $1,050,000 on exploration and development of the San Miguel formation to earn a maximum of 42.50% working interest (31.875% net revenue interest).

Under the terms of the Farmout, the farmee may earn an initial 25% of the Company's working interest in the San Miguel by paying 100% of the costs to drill, complete, equip and perform an injection on a vertical test well to a depth of approximately 3,500 feet (the "Initial Test Well").

After the performance of the Initial Test Well, the farmee may increase its working interest to 50% of the Company's working interest by spending the entire $1,050,000 on additional operations on the San Miguel in a good faith effort to produce hydrocarbons.

The Company's Matthews and Murphy Leases are situated in northeast Zavala County, Texas, and is part of the Maverick Basin of Southwest Texas, downdip from the United States Geological Studies north boundary of the Smackover-Austin-Eagle Ford total petroleum system. This area is often referred to as the oil window of the present Eagle Ford shale play.

Solimar: Potential Oil Pay at San Joaquin Basin

Solimar: Potential Oil Pay at San Joaquin Basin

Wednesday, March 30, 2011

Solimar Energy

Zodiac Exploration of Canada has announced potential oil pay of up to 1,000 feet in sandstone and fractured oil shale reservoirs in its Zodiac 4-9 well in the NW San Joaquin Basin. Solimar Energy has a 1.13% carried interest in the well and in a very large, approximately 101,000 acre surrounding acreage position. Solimar also owns a small, 0.5% royalty over some 26,000 acres of this acreage position.

In addition to the minority position in the Zodiac acreage, Solimar has approximately 20,000 mostly operated acres with interests from 33.33% to 75% in other leases within and adjacent the NW San Joaquin Basin oil shale play trend. Oil shales of the Kreyenhagen and McLure (Monterey equivalent) Formations are proven producers in the area and the main targets.

The Company also has a back in right for a 10% interest in a further approximately 2,900 acres in the trend flanking the Kettleman Middle Dome which is also productive from the fractured oil shales and is the subject of a redevelopment program.

There is accelerating industry activity in California oil shales lead mainly by major oil companies that is revaluing Solimar Energy's San Joaquin Basin acreage.

Key offset industry activity includes:

• The Zodiac 4-9 well which is being prepared for a flow testing program after encountering potentially 1,000 feet of pay in both sandstone and shale reservoirs
• Occidental Petroleum have become the biggest acreage holder in the NW San Joaquin oil shale trend and are already producing 45,000 bopd from fractured oil shales in California
• Chevron are redeveloping the giant Kettleman Dome field immediately adjacent Solimar's acreage focusing on production from the Kreyenhagen Shale
• A multi party JV has been successfully redeveloping the Kettleman Middle Dome which is productive from sandstone reservoirs and both the Kreyenhagen and McLure Oil Shales. Additional appraisal drilling immediately adjacent Solimar's back in right acreage is planned within 12 months

Update Summary

The Board of Solimar provided this brief update note to inform shareholders that very positive commercial activity is occurring within and adjacent the Company's asset focus area the San Joaquin Basin, with particular emphasis on the development of fractured oil shales.

The Company has been aggressively building its acreage position and adding to its California (Ventura) based operating team over the past 15 months and is positioning to exploit both its conventional (sandstone which includes the recent Guijarral Hills discovery) and unconventional (oil shales) reservoir projects.

The timing of execution of the Company's strategy to accumulate oil prone acreage focussed in the San Joaquin Basin has been excellent:

• Oil prices are now very high relative to the USA domestic gas price supporting robust project economics
• Land prices for oil shale acreage are increasing in California. However Solimar believes large uplifts are still likely to bring California into line with other states of the USA where oil shale land prices can be up to 10 times higher than in California.

The Schematic Map attached to this release shows the position of Solimar's acreage within and adjacent the NW San Joaquin Basin oil shale play trend, highlighting the acreage position relative to the key industry players.

More detail will be provided in due course about each of the Company's projects that have potential for oil shale production as the individual work plans are crystallized. The following brief descriptions are examples however of two large projects the Company has that are expected to significantly impact the Company in 2011.

The Company's largest project is at Kreyenhagen with over 15,000 operated acres under lease and containing extensive occurrences of thick Kreyenhagen and McLure Formation oil shales within targetable depths. Both these formations are oil productive in the adjacent oil fields where these rocks are the subject of active field redevelopment programs.

The Company is in the early stages of evaluation of the Kreyenhagen Project which also contains a large, known shallow oil accumulation in a sandstone reservoir.

There may be up to 300 million barrels of oil in place within this reservoir in the project acreage.

The Kreyenhagen Project will be the subject of considerable field activity by Solimar commencing in 2011 including re entry and production testing of some suspended wells.

The Company is also watching closely the progress of the Zodiac 4-9 well which Canadian listed Zodiac Exploration recently drilled to almost 15.000 feet and announced on 21 March a potential oil pay of over 1,000 feet in the well. Solimar has a 1.13% interest free carried through the Zodiac 4-9 and a following well in a very large acreage position totaling some 101,000 acres. In addition the Company owns a small 0.5% royalty over approximately 26,000 acres within this overall acreage position but not at the well location.

The well is being prepared for production testing as part of a program to verify the commercial potential of the multiple potential pay zones encountered.

Commenting on the evolving potential of Solimar's San Joaquin Basin acreage, CEO John Begg said, "We spent much of last year securing an acreage position focused on the oil prolific San Joaquin Basin. This strategy has placed the Company in an exciting position literally and figuratively. In most cases our immediate neighbors are major oil companies that are accelerating their work programs in the San Joaquin Basin on play types represented in our acreage. So not only do we have active programs of our own that could deliver a substantial uplift in value but escalating industry activity in and adjacent our acreage that could also be transformational at no cost to the Company."