Lane, Conoco to Proceed with Third Well

Speaking at the Shale Gas World conference in Warsaw, Kamlesh Parmar, Country Manager at Lane Energy Poland, said the company is preparing to drill a third exploratory well seeking shale gas in Poland's Baltic Basin.

In August 2009, Lane Energy, a subsidiary of 3Legs Resources plc.and ConocoPhillips, entered into an agreement under which the parties agreed to  jointly evaluate the potential of Lane ’s six Baltic Basin licences covering an area of ~1 million acres (approximately 4,000 square kilometres).

Earlier this year, Lane Energy this year drilled two vertical wells, Lebien LE-1 and Lebork S-1 ,targeted at the Silurian and Ordovician shales.