San Leon has completed a 60 sq. km 3D seismic program over the Szczecinek block in northern Poland. San Leon (50%) and its partner Gas Plus International B.V. (50%) are currently processing the new data and plan to begin detailed interpretation in March with a view to drilling an exploration well later this year. The survey is targeting the high potential "Sylvia" oil prospect in the Main Dolomite of the Permian Zechstein Formation. "Sylvia" is an analogue to two of the largest oil discoveries in Poland, which were only discovered from the early 1990's through early 2000's with potential reserves in excess of 100 mmbbls of recoverable oil.
Oisín Fanning, Chairman of San Leon commented, "I am delighted that our exploration team will now have the data necessary to evaluate this high potential oil play. The new seismic will enable our in-house team to locate and permit well locations for our planned drilling program."
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