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Poland: San Leon plans further exploratory drilling

San Leon Energy PLC will drill two exploratory wells to test the conventional oil potential of the Main Dolomite in Poland’s southern Permian basin on San Leon’s 100% held Nowa Sol concession.

Diament Oil Exploration Ltd., Zielona Gora, Poland, will spud Lelechow-SL-1 in mid to late July followed by Czaslaw-1. The wells are on separate structures.

The wells are being drilling based on San Leon’s 2010 Nowa Sol 3D seismic survey, which has redefined the potential of the area being the first 3D shot on the concession. San Leon said the greatly improved imaging provided greater insight into the area’s complex structural fabric.

San Leon will also acquire a 50% working interest from Celtique Energy Poland Sp z o.o. in the 236,480-acre Block 243 concession and the 60,047-acre Laski concession.

San Leon will acquire the interest in return for a committed work program including shooting two 3D surveys totaling 280 sq km on the concessions plus committing to drill a well on Block 243 targeting the Permian Main dolomite. San Leon will become the operating partner on Block 243.

On the Laski concession following acquisition of the 3D seismic survey, San Leon has the option to participate in a 50% share of the proposed well costs to retain its interest in that concession. Otherwise San Leon will relinquish its interest in Laski. The proposed joint venture is conditional on receiving regulatory approval and signature of definitive agreements with Celtique.


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