Nowa Sol Photo courtesy www.nowasol.pl

Warsaw, Poland - August 30, 2012

Lelechow-SL1 finds oil

San Leon is pleased to announce that it has found oil and has completed the drilling of the Lelechow-SL1 well, the first of a two well exploration programme, on the Company's Nowa Sol Concession targeting the Main Dolomite trend in the Southern Permian Basin in southwest Poland (San Leon 100%).

Nowa Sol Photo courtesy www.nowasol.pl

The well was drilled to a depth of 1,167 meters TVD.

Nowa Sol Photo courtesy www.nowasol.pl

Initial evaluation of the results from core and wireline logging results indicate the primary target in the Zechstein Main Dolomite is highly fractured and contains moveable oil.

Nowa Sol Photo courtesy www.nowasol.pl

Oil was recovered to the surface during initial clean out of the well.

Nowa Sol Photo courtesy www.nowasol.pl

Final completion of the well will incorporate an electrical submersible pump to continue to clean out the well and maximize oil flow rates during production.

San Leon Energy Geologists Photo courtesy San Leon Energy

The Company expects to resume testing of the well in the next few weeks pending final completion of drilling operations.

Courtesy of San Leon Energy

Well completion is being designed for near-term commercial production from the well.

Courtesy of San Leon Energy

The Company is now preparing to move the rig to begin drilling the Czaslaw-SL1 well, the second well in the Nowa Sol Concession, which will also test the Main Dolomite.

Oisin Fanning, Executive Chairman, San Leon Energy Plc Photo courtesy San Leon Energy

Executive Chairman, Oisin Fanning commented:

"It is very encouraging to be able to report oil in our first well on the Main Dolomite trend in Poland that resulted from our own 3D seismic survey and interpretation on the Nowa Sol Concession. We will only know the oil production potential and recovery rates once the well is completed, cleaned up and tested but are excited because the fractured nature of the Main Dolomite offers significant upside in the play. The Company is now preparing to move the rig to begin drilling Czaslaw-SL1 well, our second well in the Main Dolomite trend."


For further information contact:

San Leon Energy Plc
Oisin Fanning, Executive Chairman
John Buggenhagen, Exploration Director
Tel: +353 1291 6292

Macquarie Capital (Europe) Limited
Paul Connolly
John Dwyer
Tel: +44 (0) 20 3037 2000

Fox Davies Capital
Daniel Fox-Davies
Richard Hail
Tel: +44 (0) 20 3463 5000

FirstEnergy Capital LLP
Hugh R. Sanderson
David Van Erp
Tel: +44 (0) 20 7448 0200

Westhouse Securities (Nominated Advisor)
Richard Johnson
Antonio Bossi
Tel: +44 (0) 20 7601 6100

College Hill Associates
Nick Elwes
Alexandra Roper
Tel: +44 (0) 20 7457 2020


SOURCE: San Leon Energy Plc

http://www.sanleonenergy.com/home.aspx  



ASTROMAN Magazine - 2012.06.09

Chesapeake Energy Corporation Announces Plan to Sell Its Midstream Assets of More Than $4.0 Billion

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1255  


ASTROMAN Magazine - 2012.03.17

The U.S. Energy Information Administration presents updated projections for U.S. energy markets to 2035

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1208  


ASTROMAN Magazine - 2012.03.11

ExxonMobil and GE Join University Initiative to Help Bring Latest Natural Gas Best Practices to Shale Development

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1200  


ASTROMAN Magazine - 2012.02.12

The Talisman Energy and San Leon Energy reports shale gas exploration success in Poland

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1173  


ASTROMAN Magazine - 2012.02.06

Royal Dutch Shell sets out new growth agenda

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1169  


ASTROMAN Magazine - 2012.02.05

Total to invest US$4.2 billion in the North Sea, Norway

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1166  


ASTROMAN Magazine - 2011.12.27

TANAP project envisages transportation of 16 billion m3 Azerbaijani gas to Europe

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1133  


ASTROMAN Magazine - 2011.11.20

Grupa LOTOS sprzeda koncernowi Statoil paliwa za 9,17 miliarda PLN

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1104  


ASTROMAN Magazine - 2011.10.25

PGNiG Norway sprzeda ropę ze złoża Skarv spółce Shell za 3,5 miliarda PLN

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1083  


ASTROMAN Magazine - 2011.10.23

Gaz z łupków. Bezpieczne i ekologiczne źródło energii jest już wydobywane na Pomorzu przez PGNiG

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1082  


ASTROMAN Magazine - 2011.08.28

Shale Gas. ERCB issues approval for the resumption of pipeline operations to Plains Midstream Canada

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1045  


ASTROMAN Magazine - 2010.08.11

Chesapeake Energy Announces Pricing of Offering of $2 Billion of Senior Notes

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=779