San Leon Energy, the fast growing oil and gas company with an extensive portfolio of assets across Europe and North Africa, said that it has been awarded the Praszka exploration concession, by the Polish Ministry of Environment, in the Southern Permian/SW Carboniferous Basin of Poland.
The Praszka Concession covers an area of 296,082 acres (1198.2 km 2 ) including all of Polish Block 309 and portions of 310. This concession further expands San Leon’s large, contiguous S Permian/Carboniferous acreage to over 1.2 million net acres (4,891.2 km 2 ), which is 100% controlled by the Company.
The Praszka Concession further expands San Leon’s holdings in the unconventional gas play in the Carboniferous following the successful drilling of the Company’s 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:
“ We 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’s strategy of building a diverse portfolio of high potential assets. San Leon is now the dominant player in the basin . ”
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LNG World News Staff, May 23, 2012