San Leon Energy
Overview
The San Leon Group is an international group of companies focussed on the exploration and production of oil and gas projects in Poland, Ireland, Italy, Morocco, Netherlands and North America.
The Company was incorporated in 1995 as an oil and gas exploration company. Between 1995 and 2007, its principal activity was to act as an investment vehicle. In October 2007 the Company acquired its first exploration assets, situated in Morocco.
With new management, investment and a strategy of balanced acquisition and exploration, the Company has established the portfolio of assets described in the following document.
Also in 2007, San Leon embarked on a strategic initiative by bringing in new management and investment and has actively developed a portfolio of licences and lease interests through subsidiary operations in several countries. The Company’s headquarters are in Dublin with Corporate and Operations Offices in London, Warsaw, Italy and Denver. In September 2008, the company listed on the London Stock Market (AIM). In 2009 and 2010 the company acquired Gold Point Energy and Island Oil and Gas Plc.
To maximise value and investment, the company’s objective is to differentiate itself from other oil and gas exploration companies by becoming a producer quickly and being recognised as a proactive, energetic and self-supporting entity.
Operations
Poland
San Leon is a significant player in the Polish market, with interests in six licence areas and the potential for substantial revenue generation through the joint venture farm-out agreement with Talisman Energy.
Ireland
San Leon has eight offshore Ireland assets, comprising four operated licenses on the Atlantic Margin and four Celtic Sea assets.
Italy
San Leon has acquired five permits in Italy. Two in the Po Valley and three offshore Sicily. The applications are published on the Italian BUIG.
Morocco
San Leon has interests in the Tarfaya and Zag licence areas and two offshore licences - Foum Draa and Sidi Moussa. The company is also developing an in-situ oil shale (In-Situ Retort) technology in Tarfaya.
USA
San Leon has interests in the Denver (DJ) Basin, a mature petroleum basin that covers Northeast Colorado, Southwest Nebraska, and Northwest Kansas. Low cost wells, excellent infrastructure, and low risk oil and gas prospects make this a very attractive basin.
Netherlands
San Leon has a Royalty interest in this offshore block. Three successful wells have been drilled into the Amstel oil field and a 3D seismic survey clearly illustrates the geometry of the structure.
Albania
San Leon holds a 75% participating interest in the Durresi Block, offshore Albania. The licence area, which covers 4,200 square kilometers, contains the A4-1X gas/condensate discovery and several undrilled oil and gas prospects.
Board of Directors
Oisín Fanning - Chairman
Mr. Fanning has almost thirty years experience in structured finance, stockbroking and corporate finance, including twelve years specialising in the oil & gas industry. From 1999 to 2006 he was chief executive of Smart Telecom plc, from 1993 to 1998 he was chief executive of MMI Stockbrokers Limited and from 1990 to 1993 he was chief executive of Astley Pearce limited.
Philip Thompson - Non Executive Director
Highly qualified geophysicist and has over twenty five years experience in the oil & gas industry throughout Africa, Europe, North America, and South America. Key projects have included oil & gas discoveries in Chad, offshore Holland, onshore USA and offshore Ireland. He has extensive experience in project management, international oil and gas exploration new-ventures and geophysics with Exxon, Oryx Energy/Kerr-McGee (now known as Anadarko) and Vanco Energy. He has an M.Sc. in Geophysics from Southern Methodist University and a B.Sc. in Geophysics from Texas A&M University.
Paul Sullivan - Managing Director
Over thirty years experience in corporate treasury and operations within banking, including with Nordbanken NY, Standard Chartered Bank, Dublin, and BNP Paribas, Dublin.
Dr John Buggenhagen - Exploration Director
Dr. Buggenhagen manages the exploration office in Warsaw. He is an exploration geophysicist and proven “oil finder” with more than 15 years experience developing exploration opportunities in North America and Europe. He was European Exploration Manager for Aspect Energy and was a major contributor to the highly successful Horizon Energy in Hungary. He also worked as an exploration geophysicist and prospect generator for ConocoPhilips Alaska (formerly ARCO Alaska) on numerous exploration projects across the North Slope of Alaska. John has a B.S. in Geophysics from the University of Arizona and a M.S and Ph.D. in Geophysics from the University of Wyoming.
Raymond King - Non-Executive Director
Qualified Chartered Secretary, Compliance Officer, Information Technologist, Banker and Accountant. He has considerable experience in Finance and IT and has been a Chartered Secretary for 40 years. From 1958 to 1986 he worked for the Natwest Group. He was also associate director of Christiana Bank, general manager of operations of Moscow Narodny Bank, company secretary of SIM Group and chairman of Smart Telecom plc. He has acted in various senior executive and non-executive director roles, such as finance director, managing director and chairman of companies which have been brought to AIM, NASDAQ and OFEX (now PLUS Markets). In all companies he has also acted as company secretary
Jeremy Boak Ph.D - Non-Executive Director
Director of the Center for Oil Shale Technology and Research (COSTAR) at the Colorado School of Mines. He chairs the leading international symposium on oil shale development and the Oil Shale Committee of the Energy Minerals Division (EMD) of the American Association of Petroleum Geologists (AAPG). He was formerly Project Manager at Los Alamos National Laboratory, Branch Chief at the U. S. Department of Energy, and exploration and development geologist for ARCO Oil & Gas Company. He is affiliated with AAPG, EMD, and the Geological Society of America. Dr Boak is extensively published and has a Ph.D. and B. A. in Geology from Harvard University and an M.S. in Geology from the University of Washington.
(Thomas) Daniel Martin Jr - Non-Executive Director
London based commercial lawyer and graduate of Cambridge University, the University of South Carolina, and The American University Law School in Washington, DC. He has extensive legal and corporate finance experience in London and Washington DC and has been a political advisor to two British MP’s and two US senators, including Al Gore. Additionally he was former legal advisor to Nissan, Chrysler and Texaco. In 2006 he co-founded Green Corporate Finance (“GCF”) which specialises in IPOs, introductions and mergers/acquisitions on the AIM Market; mainly focussing on renewable energy and oil and gas exploration. At GCF he directs strategy, corporate development and legal affairs. He is also a member of the South Carolina Bar and has also been a former member of the District of Columbia Bar.