San Leon wins Polish shale concession
San Leon Energy has been awarded the Praszka exploration concession in the Southern Permian/SW Carboniferous Basin by the Polish Ministry of Environment.
The Praszka concession covers an area of 296,082 acres (1198.2 km2) including all of Polish Block 309 and portions of 310. This concession further expands San Leon鈥檚 large, contiguous S Permian/Carboniferous acreage to over 1.2 million net acres (4891.2 km2), which is 100% controlled by the company.
The Praszka concession further expands San Leon鈥檚 holdings in the unconventional gas play in the Carboniferous following the successful drilling of the Company鈥檚 Siciny-2 well earlier this year. The Praszka concession also contains potential conventional prospectivity in the Permian Zechstein and Rotligendes formations on trend with existing production.
Oisin Fanning, Chairman of San Leon, commented, 鈥淲e are very excited to continue to expand our prospective acreage position in Poland. Our focus on the huge upside potential of the Carboniferous follows the company鈥檚 strategy of building a diverse portfolio of high potential assets. San Leon is now the dominant player in the basin. 鈥�
Adapted from press release by .
Read the article online at: /business-news/23052012/san-leon-wins-polish-shale-concession/
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