San Leon Energy Awards Slyne Basin Seismic Survey To PGS Ventures

7th Jul 2010 07:49

LONDON (Dow Jones)--San Leon Energy PLC (SLE.LN), a company involved in exploring for and producing oil and gas in North America, Morocco and the Netherlands, said Wednesday it has awarded PGS Ventures AS, a unit of Petroleum Geo-Services ASA Group, a contract to carry out a 300 square kilometers seismic survey across the Slyne Basin in the Atlantic Margin, offshore west coast of Ireland. MAIN FACTS: -The license for exploration in the Slyne Basin was acquired by San Leon following the takeover of Island Oil & Gas in May 2010. -The survey is scheduled to commence later this month and will be completed by the end of August. -Shares of San Leon on Tuesday closed at 14.8 pence, valuing the company at GBP59.7 million. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, [email protected] (END) Dow Jones Newswires July 07, 2010 02:49 ET (06:49 GMT)