San Leon Excited By Polish Opportunities

San Leon Energy Plc expects its Polish shale licenses to be more profitable than U.S. deposits.

Exploration director John Buggenhagen said company seeks to profit either through so-called farm-outs with a cash component or asset sales once it develops its fields and proves they can produce gas.

San Leon, became one of the leading shale gas explorers in Poland after buying Realm Energy International Corp. for $142 million last month, is based by leading institutional investors including George Soros and Blackrock Inc.

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