Project Profile
Area: 600,000 acres
Location: Baltic Basin
The Baltic Basin licences comprise 600,000 acres where SLE holds 100% of three concessions including Gdansk-W, Braniewo-S, Szczawno - with a pending application on the Czersk concession.
The work programme in the Baltic Basin includes 450 km of 2D seismic and three wells (up to 4500m) with a 1000 meter horizontal section on the Braniewo-S concession to be drilled over next two years. The initial drilling is expected Q2/Q3 2011.
Additionally, three optional wells with horizontal sections will be drilled on concessions after successful first phase of testing.
Initial technical evaluation of the shale gas potential in the Baltic Basin shows the play to have estimated reserves of 4 to 6 TCF of recoverable natural gas across San Leon\'s acreage. This represents a low risk scenario with excellent commercial gas potential.
Operators:
San Leon Energy: Operator with 40% interest
Talisman Energy Poland: 60% interest