San Leon Energy: First Shale Gas Well Successfully Drilled
November 17 2011 - 3:35AM
Dow Jones News
Oil and gas explorer San Leon Energy PLC (SLE.LN) said Thursday
it has taken a step closer to proving the commercial viability of
producing gas from the Baltic Basin in Poland, after its first
shale gas exploration well in the Baltic Basin in Poland was
successfully drilled.
San Leon Chairman Oisin Fanning said: "The successful drilling
and data gathering at the Lewino 1G-2 well is a significant
milestone for San Leon and our partnership with Talisman
Energy."
The Talisman Energy Inc. (TLM) operated well, on the Gdansk West
Concession in Poland, was drilled to 3,600 meters. San Leon said an
evaluation of the core and logs is expected to take three to four
months in preparation for continued operations later in 2012.
Shares at 0900 GMT were flat at 13.8 pence in a slightly lower
Alternative Investment Market, down 0.6%
-By Iain Packham, Dow Jones Newswires; 44-20-7842-9269;
iain.packham@dowjones.com