San Leon Energy PLC Update on investment in Oza Field, Nigeria (9082U)
April 09 2021 - 1:00AM
UK Regulatory
TIDMSLE
RNS Number : 9082U
San Leon Energy PLC
09 April 2021
9 April 2021
San Leon Energy plc
("San Leon" or the "Company")
Update on investment in Oza Field, Nigeria
San Leon, the independent oil and gas production, development
and exploration company focused on Nigeria, notes the announcement
made by Decklar Resources Limited yesterday in Canada, the full
text of which is set out below:
Decklar Resources Inc. Announces Operations Update on Oza-1 Well
Re-entry
-- Drilling rig for re-entry and testing operations has been
contracted, with mobilization anticipated to commence next
week.
-- Camp and logistics equipment required for Oza-1 well re-entry
is currently being staged on site.
-- Long lead equipment items required to test and complete the
Oza-1 well re-entry have been ordered and service contractors have
been sourced and secured.
Decklar Resources Inc. (DKL-TSX Venture) (the "Company" or
"Decklar") and its co-venturer Millenium Oil & Gas Company
Limited ("Millenium") are pleased to announce that activities for
the Oza-1 well re-entry at the Oza Oil Field have made significant
progress. The Oza-1 re-entry represents the start of an aggressive
field development of the Oza Oil Field through the Company's
wholly-owned Nigeria-based subsidiary, Decklar Petroleum Limited,
and Millenium, its Nigerian co-venturer on the Oza Field.
Progress on Preparation for Oza-1 Well Re-entry
Decklar has contracted a 1300 HP trailer-mounted drilling rig
that is currently located in Port Harcourt, approximately 60 km
from the Oza Oil Field in the Niger Delta. The drilling rig will be
used for the re-entry and testing of the Oza-1 well, then
immediately followed by the drilling of a horizontal development
well from the Oza-1 drilling pad. Drilling of additional
development wells is planned after completion and analysis of the
re-entry and horizontal wells at the Oza-1 location. It is
anticipated that the drilling rig will commence its mobilization to
the Oza Field next week, with the move expected to take
approximately seven days. Further, the camp to house the personnel
engaged to provide support for operations and related logistics
facilities is currently being moved and set up at the Oza Oil
Field. Additionally, equipment and supplies with longer lead times
that are needed to test and complete the Oza-1 well as part of the
re-entry activities have been ordered, secured, and are expected to
arrive in Nigeria over the next two to five weeks. Service
contractors have been sourced and contracted for the near-term
operational activities.
Decklar's CEO, Duncan Blount commented, "We are pleased with the
progress being made and look forward with anticipation to the
commencement of Oza-1 re-entry operations, testing, completion, and
initial production at the Oza Field. These initial operations at
the Oza Oil Field represent a milestone culminating from
considerable effort and preparation for the initial development
activities at the Oza Oil Field with Millenium."
Enquiries:
San Leon Energy plc +353 1291 6292
Oisin Fanning, Chief Executive
Allenby Capital Limited
(Nominated adviser and joint broker to the Company) +44 20 3328 5656
Nick Naylor
Alex Brearley
Panmure Gordon & Co
(Joint broker to the Company) +44 20 7886 2500
Nick Lovering
Brandon Hill Capital Limited
(Joint broker to the Company) +44 20 3463 5000
Oliver Stansfield
Jonathan Evans
Tavistock
(Financial Public Relations) +44 20 7920 3150
Nick Elwes
Simon Hudson
Plunkett Public Relations +353 1 230 3781
Sharon Plunkett
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END
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