Project Profile
Value: US$1.5 billion (estimate)
Location: Poland\'s Permian Basin
Start-up Year: 2018
San Leon Energy has signed a binding Letter of Intent (LOI) with Aspect Energy (through its subsidiary, Horizon General Ltd, Aspect) under which Aspect will acquire a 22.5% working interest in a portion of San Leon\'s Cybinka and Torzym Concessions in Poland\'s Permian Basin. The Area of Interest (AOI) is defined based upon the paleogeography of the Main Dolomite formation, to include areas north of the Platform edge, a shallow water depositional area, into the deeper basin deposits. The AOI and current drill ready prospect inventory have all been defined using San Leon\'s 220 sq. km 3-D survey acquired in 2010. The terms of the LOI require Aspect to carry San Leon\'s interest in the drilling of two exploration wells, targeting oil in the Main Dolomite formation.
The first well was planned to be drilled on the Torzym AOI in Q1 2014. The location of the second well will be determined by results of the first well and continued evaluation of existing 2-D and 3-D seismic, and well data. The second well will be drilled on either the Torzym AOI or the Cybinka AOI. The farm-in is subject to, amongst other things, the execution of a final farm-in agreement and partner approval of the transaction. The AOI targets toe-of-slope plays. The defined toe-of-slope prospects are targeting conventional high porosity/high permeability reservoirs in the Main Dolomite formation similar to Poland\'s largest oil fields such as the Lubiatow field. Several toe-of-slope prospects have been identified in the 2010 3-D seismic survey. The prospects are defined using detailed seismic attribute analysis focused on identifying high porosity zones. Such methods significantly reduce the exploration risk of this play.
San Leon left the licence in 2015.
Operators:
S.N.G.N. Romgaz S.A.: 30% interest
Aspect: 22.5% interest
Sceptre Oil & Gas Limited: 25% interest