San Leon Energy PLC Akaso-15 Well Completed, Rig Moving to PMMO-1 (3497R)
28 February 2019 - 6:01PM
UK Regulatory
TIDMSLE
RNS Number : 3497R
San Leon Energy PLC
28 February 2019
28 February 2019
San Leon Energy plc
("San Leon" or the "Company")
Akaso-15 Well Completed, Rig Moving to Drill New Well Akaso
PMMO-1
San Leon Energy plc, the AIM listed company focused on oil and
gas development and appraisal in Africa, announced on 10 December
2018 that Eroton, the operator of the OML 18 licence, onshore
Nigeria, was preparing to spud the new well OSMU-1 in the Akaso
field. The Company is pleased to announce that the Akaso-15 well
(known as OSMU-1 prior to completion) has been drilled and
completed, and connection of the well to the pipeline system is
anticipated by Eroton to finish this week. The well is expected to
be brought onto production during the first half of March 2019, and
a well test will be performed once the well has achieved stable
production.
The rig will now move to drill the next new well, Akaso
PMMO-1.
Oisin Fanning, CEO, commented:
"I have previously stressed the importance of increasing oil
production at the wellhead, which is what Eroton is doing with its
drilling campaign. I look forward to providing an update on the
second new well in due course in addition to advising on the
production rate from Akaso-15."
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement
Enquiries:
San Leon Energy plc
Oisin Fanning, Chief Executive (+ 353 1291 6292)
Cantor Fitzgerald Europe (Nominated adviser, financial adviser
and joint broker to the Company)
Nick Tulloch (+44 131 257 4634)
David Porter (+44 207 894 8896)
Whitman Howard Limited (Financial adviser and joint broker to
the Company)
Nick Lovering (+44 20 7659 1234)
Brandon Hill Capital Limited (Joint broker to the Company)
Oliver Stansfield (+44 203 463 5000)
Jonathan Evans (+44 203 463 5016)
Vigo Communications (Financial Public Relations)
Chris McMahon (+44 207 390 0232)
Simon Woods (+44 207 390 0236)
Plunkett Public Relations
Sharon Plunkett (+353 1 280 7873)
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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