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Link: http://www.otcmarkets.com/stock/SLGYF/company-info Ticker: $SLGYF OTC Market Place: Grey Market CIK code: 0001555600 Company name: San Leon Energy Plc Company website: http://www.sanleonenergy.com/home.aspx Incorporated In: Ireland
Business Description: San Leon Energy is an oil and gas exploration company and is Europe's leading shale gas company by acreage. San Leon's assets are located in Poland, Morocco, Albania, Ireland and Spain. The Company's portfolio across these geographies is made up of both shale and conventional oil and gas assets.
$SLGYF share structure
## source: otcmarkets.com
Market Value: Not Available Shares Outstanding: Not Available Float: Not Available Authorized Shares: Not Available Par Value: Not Available
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Company name: San Leon Energy Plc Company website: http://www.sanleonenergy.com/home.aspx
WOOHOO...JV with Halliburton Strategic relationship with Halliburton to prove the unconventional gas potential of the SW Carboniferous Basin in Poland
18 March 2013
San Leon Energy has signed a Memorandum of Understanding (“MOU”) with Halliburton Company Germany GmBH Sp. Z.o.o. (“Halliburton”) to develop a strategic relationship to jointly explore and develop the Carboniferous unconventional gas potential in San Leon’s Wschowa, Gora, and Rawicz Concessions (”the Concessions”) in Poland. San Leon will continue to serve as operator and manage the operations on the Concessions. All activities covered under this relationship will be limited to the Carboniferous and deeper sections. For clarity, the shallower Permian Rotliegendes and Main Dolomite sections are excluded from this relationship.
Under the MOU, it is anticipated that Halliburton will perform and fund a Diagnostic Fracture Injection Test (“DFIT”) for the Siciny-2 well in Q2 2013. Upon completion of the DFIT, Halliburton will have the option to perform and fund a minimum two-stage vertical hydraulic fracture in the Siciny-2 well with San Leon paying 50% of the wholesale proppant (fracturing fluid) cost to Halliburton. This procedure is also planned for Q2 2013. San Leon will fund other third party costs on the well-site, such as security and waste disposal, in connection with the DFIT and fracture.
Subject to the execution of a further binding agreement, completion of the DFIT and hydraulic fracturing phase shall give Halliburton the option to earn up to a 25% working interest in the Carboniferous and deeper sections within the Concessions by fully funding two vertical exploration wells, including full technical evaluation with core, DFIT, and vertical hydraulic fracturing if technically warranted. Halliburton will have 120 days following the hydraulic fracture on the Siciny-2 well to elect to drill the first exploration well to earn a 12.5% interest; and 120 days following the hydraulic fracture on the first earning well to elect to drill the second earning well to earn an additional 12.5% interest, making a total of 25%.
Based upon the initial results of the Siciny-2 well drilled by San Leon in 2012, which encountered over 250m of gas saturated tight gas sands with over 200 BFC of gas per square mile, and vintage data, the Company estimates the net Prospect Resource potential of the Carboniferous play on its concession in Poland to be over 60 TCF of recoverable gas.
Executive Chairman, Oisin Fanning commented: “We are very excited about our evolving relationship with Halliburton which will help us prove the huge resource potential of the Carboniferous unconventional gas play across our vast acreage position in the SW Carboniferous Basin in Poland. This relationship is further proof of our strategy of creating value through strong technical effort followed by the drill bit. Halliburton brings the expertise and capabilities to prove the potential of the Carboniferous and quickly take the project from exploration to development.”
Yahoo Profile :"San Leon Energy Plc engages in the exploration and production of oil and gas projects. It holds interests in projects located in Poland, Ireland, Italy, Morocco, the Netherlands, and North America. The company was incorporated in 1995 and is headquartered in Dublin, Ireland."
"Company Background San Leon Energy Plc is an oil and gas exploration company. The Company is focused on the exploration and production of oil and gas projects in Italy, Poland, Netherlands, United States and Morocco. SLE enjoyed success in acquiring all five permits it applied for in Italy which comprises of three offshore licenses near Sicily and two onshore in the Po Valley. SLE has worked with ONHYM in Morocco to explore the available and massive oil shale opportunities. The Company's projects include Talisman Energy, Baltic Basin, Permian Basin South, Permian Basin North, Tarfaya Oil Shale Project, Zag and Tarfaya Licences, and Foum Draa & Sidi Moussa. The Company's wholly owned subsidiaries consists of San Leon (Morocco) Limited, San Leon (USA) Limited, San Leon (Netherlands) Limited, San Leon Energy Srl, San Leon Services Limited, Gold Point Energy Corp., San Leon Energy USA Inc, San Leon (Poland) SP. Zoo, and Vabush Energy SP. Zoo. In 2009, the Company acquired Gold Point Energy (GPE)."
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