San Leon Updates Poland Activities
San Leon Energy Plc has provided an update on its exploration activities in Poland, with the following highlights:
· The acquisition of 60 sqkm of 3D seismic data over Szczecinek Block 106 (San Leon 50%) was completed by the end of January 2011. Data processing was concluded on 15 March 2011 and interpretation is now expected to be completed by early June 2011; with an exploration well planned for Q3 2011.
· The seismic company, Geofizyka Krakow, is currently acquiring 480 km of 2D seismic data over San Leon's Gdansk W Concession in the Baltic Basin. The programme is expected to be finalized by mid April 2011. Geofizyka Krakow will deploy a second seismic crew for the Braniewo and Szczawno Concessions at the end of March 2011. The entire seismic programme is expected to be completed by June 2011. Seismic processing is being carried out in real-time to select final drilling locations for the upcoming three well drilling programme. The full 480 km 2D seismic programme is 50% complete and a drilling rig has been booked for 1 August 2011, which will be used to drill three back-to-back wells.
· Geofizyka Krakow has also been contracted to acquire 100 km of 2D seismic over the Company's 100% owned Nida Concession, which is on trend with some of Poland's largest oil fields. The acquisition of this seismic is planned to commence at the end of March before drilling locations are finalised for an upcoming drilling programme. Up to three wells will be drilled, with an expected start date by end of June 2011.
· San Leon has awarded Hungarian company, Acoustic Geophysical, with the contract to acquire 165 sqkm of 3D seismic data over the Company's Nowa Sol Concession. The 3D seismic programme, which is expected to commence in May 2011, is targeting 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 Q4 2011.
· Work is continuing in the Carboniferous shale play across the Wschowa, Gora, Winsko and Rawicz Concessions, which cover 880,000 acres. Core analysis and interpretation of historical seismic data is being carried out. The seismic programme across this acreage is scheduled to commence in Q3 2011.
San Leon also provided an update on its other activities, including the Tarfaya Oil Shale project in Morocco where its pilot project is well advanced. The drilling of two wells (one injector and one producer) began last week and first results are expected towards the end of next month.
Source: San Leon Energy