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Poland: 3Legs to relinquish Dabie-Laski concession

3Legs Resources PLC has decided to relinquish the 221,000-acre Dabie-Laski concession in Poland without drilling a well and will consider options for its Bytom-Gliwice and Glinica-Psary concessions, which also require drilling.

The company determined after reviewing 2D and 3D seismic that it has insufficient data to justify a well on Dabie-Laski within the timeframe specified in the license.

The company shot 50 sq km of 3D seismic on Bytom-Gliwice and Glinica-Psary earlier this year. Each requires a well by August 2013. Bytom-Gliwice covers 184,000 acres and Glinica-Psary 256,000 acres.

3Legs Resources holds six Baltic basin licenses that total 1.084 million gross acres on which the primary targets are organic-rich black shales of Lower Paleozoic age.

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