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."

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EGPI Firecreek Briefs Workover Programs at Tx. Wells

- EGPI Firecreek Briefs Workover Programs at Tx. Wells

Tuesday, May 31, 2011
EGPI Firecreek Inc.

EGPI Firecreek announced the progress for two well workover programs in its recently acquired oil and gas interests in the Tubb Leasehold Estate located in the AMOCO/CRAWAR Field in Ward County, TX.

The Company via its operator and co-partner, Success Oil Co., Inc., has completed its workover program on the Crawar (Highland) #1, successfully perforating 200 feet in the Glorietta zone at approximately 3,700 to 3,900 ft., then acidizing-stimulating the depths perforated. Operations subsequently commenced clean up procedures for the well, and completed connections to the existing gas pipeline. Although preliminary reports are favorable, full production data has not yet been made available.

Additionally, the Company has initiated its work program for the Tubb 18-1 well located on the North 40 acres, having perforated select segments of both the Upper Clearfork zone at approximately 4,100 to 4,200 ft. and the Tubb zone at 4,517 to 4,600 ft. This week Success Oil will acidize and remove all the acid and water before executing a fracking procedure in order to stimulate the well formations prior to placing the well back into production.

Dennis Alexander, CEO and Chairman, stated, "We are very pleased with our recent progress in the Tubb Field and are extremely confident that there is a great opportunity ahead for significant expansion. Our Engineers and Operators have identified several good structures for additional oil and gas development in the Tubb field and we are now in negotiations to further develop these leases."

As previously reported, EGPI Firecreek's management is actively expanding its Oil & Gas and Alternative Energy divisions. Current and forecasted demand for both conventional and alternative energy sources are expected to present significant opportunities for the Company giving them the ability to expand their energy operations. EGPI continues to pursue proven production targets, acquisitions for oil & gas business, and strategic alliances for its Alternative Energy division.

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Heritage to Commence Multi-Well Exploration Program at Miran Block

Heritage to Commence Multi-Well Exploration Program at Miran Block

Monday, April 18, 2011
Heritage Oil plc

Heritage Oil provided an update on the work program and development options for the Miran Block in the Kurdistan Region of Iraq ("Kurdistan").

Highlights

• Rig secured to commence a multi-well exploration and appraisal drilling campaign on the Miran Block
• Miran West-3 well scheduled to spud in July and is estimated to take 160 days to drill and test
• It is planned to undertake a comprehensive testing program
• 3D seismic program progressing with the first batch of data being analyzed
• 2D seismic program to commence in the summer to define other potential prospects on the Block
• Discussions with the Kurdistan Regional Government (the "KRG") continue regarding fast-track development of the gas

Drilling Program

Heritage has signed a rig contract with DaQing International to supply the DQ037 2000HP rig to commence a multi-well exploration and appraisal drilling campaign on the Miran Block. The first well in this continuous drilling campaign will be the Miran West-3 well, which is an approximate 4 kilometer step out appraisal of the major Jurassic gas discovery made by the Miran West-2 well.

The Miran West-3 well, which is scheduled to spud in July, will take an estimated 160 days to drill and test and is targeting the flanks of the Jurassic structure, with the benefit of the current 3D seismic survey. The well will appraise the Upper and Lower Cretaceous reservoirs whilst drilling to its primary Jurassic objective, with an estimated total depth of approximately 3,800 meters. The well bore will be angled to increase the frequency of fracture penetration and orientated in the optimal direction for the interception of open fractures. It is planned to undertake a comprehensive testing program targeting numerous potential reservoir horizons.

On completion of this well the rig will move to drill the Miran West-4 appraisal well. A second rig is being sourced to drill the Miran East-1 exploration well in the fourth quarter of this year, at which point Heritage will have two rigs operating in country.

Seismic Acquisition

Heritage is currently acquiring 730 square kilometers of 3D seismic across the Miran Block to help define further appraisal drilling locations and fully exploit fracture networks. This is believed to be the largest ever 3D seismic program undertaken to date, in Kurdistan. The data will be analyzed in separate tranches to expedite understanding of the structures and the first batch of 3D seismic data, covering 180 square kilometers, is currently being processed.

In addition, 180 kilometers of new 2D seismic data will be acquired within the Block in the summer of 2011 to define other potential prospects.

Gas Monetization

Discussions with the KRG over the fast-tracked phased development of the Miran Field have continued. The KRG has outlined their favored development options for gas utilization and the initial priority will be to satisfy local gas demand by supplying produced gas on commercial terms to local power stations and other end-users in the Sulymaniyah region in 2013. Early production of the gas will also result in early associated condensate and oil production. This will then be followed by the export of gas to Turkey/Europe and full production of the oil and condensate zones enabling full development of the field.

Tony Buckingham, CEO, commented, "The signing of the multi-well rig contact and expansion of the seismic programs demonstrates our commitment to exploring and developing the Miran Field. The initial discussions with the KRG have been very constructive and could lead to the fast-tracked development of the field, which has the potential to benefit our shareholders significantly, and contribute to the further development of the region as well as generate revenue to be shared by all peoples of Iraq."

Amerisur to Farm-Out Fenix Contract

Amerisur to Farm-Out Fenix Contract

Tuesday, April 12, 2011
Amerisur Resources plc

Amerisur has entered into a Commercial Agreement with Reto Petroleum Limited Colombian Branch (Reto) under which Reto has the right to acquire a working interest in the Fenix Exploration and Production contract (100% owned and operated by Amerisur) in exchange for completing certain work programs and investments.

Phase 1 of the agreement contemplates the drilling of 10 wells to appraise and develop the Isabel structure. These wells will be funded 100% by Reto. Once this work program is completed to Amerisur's satisfaction, the Company will cede a 20% undivided working interest in the Fenix contract to Reto, subject to regulatory approvals.

The drilling operations associated with Phase 1 must be completed within 18 months of the effective date of the agreement.

Phase 2 of the Commercial Agreement gives Reto the right, subject to satisfactory completion of Phase 1, to earn an additional 10% undivided working interest in the Fenix block in exchange for the funding (100%) of the acquisition and processing of a seismic program of at least 75 line kilometers within the Fenix contract area. In the event that Reto does not exercise this right, they will fund 20% of this seismic program.

Amerisur Exploracion Colombia, the Company branch established in Colombia will remain the operator of the contract. The effective date of the agreement is April 6, 2011.

John Wardle, CEO, said, "I am very pleased to welcome Reto, whose principals have enjoyed great success in the Colombian E&P sector in the past and who bring a wealth of experience and background understanding to the Fenix contract. Your board believes this is a strong win-win deal for both parties, which will expose us to significant activity in the Fenix block without impacting upon progress or taking our focus away from our principal challenge this year, the development of the Platanillo asset. The terms of the agreement may also cover off our exploration commitments in the Fenix contract for the next two phases, which begin on April 22. Naturally this agreement also demonstrates the level of industry interest in Fenix, which we continue to believe has very significant potential. These work programs will go a long way to defining and accessing that potential."