San Leon Extends Unconventional Gas Footprint in Poland

San Leon Energy Plc has announced that its wholly owned Polish subsidiary Liesa Energy Sp. z o.o., has entered into a binding agreement with Mazovia Energy Resources Sp. z o.o. to acquire a 100% interest in three additional concessions in Poland's southern Permian Basin for oil and gas reconnaissance and exploration.

The 30/2008/p Gora, 20/2009/p Winsko, and 39/2009/p Rawicz Concessions totaling 1,314 sqkm, are located in the southern area of the Fore Sudetic Monocline of the Permian Basin, onshore western Poland. These Concessions include portions of license blocks 245, 265, 266, 267, and 268.

The Concessions are adjacent to the San Leon's existing Nowa Sol and Wschowa Concessions, will expand San Leon's position in western Poland from 2,245 sqkm to 3,560 sqkm (879,695 acres) and are valid for up to 5 years.

Oisín Fanning, Chairman of San Leon commented:

“With this acquisition San Leon will be the leading independent unconventional gas player in Poland; a position that has been built up in just two years. This is a further progression of San Leon's commitment to pioneer new exploration plays in Poland. We believe that the unexplored deeper Carboniferous play in this area has significant potential and further diversifies San Leon's exciting unconventional gas portfolio. This latest achievement also underpins the advantages of having our own technical team working in Poland."

Source: San Leon Energy Plc.