San Leon in talks with partners for Poland farm-in
27th May 2014 10:50
San Leon Energy has confirmed it is in talks with a further two potential partners for the farm-in of the Permian/SW Carboniferous Basin of Poland. The announcement comes after the company earlier this month said was in negotiations with TransAtlantic Petroleum about the details of a proposed work
Read moreOcado CFO builds stake after fifth of shareholders oppose remuneration report
8th May 2014 15:45
Duncan Tatton-Brown, the Chief Financial Officer of Ocado Group, has acquired 145,988 pounds-worth of shares in the grocery delivery group. The CFO, who joined the board in September 2012, bought a total of 47,865 shares at 305p each, increasing his stake in the company to 107,865 shares. That c
Read moreSan Leon Energy pulls out of Turkey deal
14th Apr 2014 10:49
San Leon Energy is bowing out of a deal buy interests in Turkish oil and gas production. In September the company had agreed to acquire 75% of Alpay Energi. However, San Leon said it will no longer proceed after technical analysis of the Turkish firm's assets revealed a number of challenges. Sa
Read moreMonday broker round-up UPDATE
14th Apr 2014 09:16
AMEC: Deutsche Bank raises target price from 1250p to 1400p retaining a buy recommendation. AO World: Numis initiates with a target price of 350p and a buy recommendation. BBA Aviation: Goldman Sachs cuts target price from 425p to 405p and keeps a buy recommendation. Bovis Homes Group: Goldman S
Read moreTuesday tips round-up: Homeserve, San Leon Energy, Mitchells and Butlers
1st Oct 2013 07:25
Boiler repair company Homeserve´s share price is looking decidedly shaky heading into a critical six-month time span during which customers will decide whether to renew their contracts or not. That comes amid a Financial Conduct Authority (FCA) investigation into its marketing practices which saw al
Read moreSan Leon completes first stage of Rogity-1 well in Poland
5th Aug 2013 09:09
San Leon's shares rose after announcing the completion of its first vertical fracture stage in the Rogity-1 well on the Braniewo S Concession in Poland's northern Baltic Basin. The first stage was performed in the oil-bearing, tight Cambrian quartzite sandstones at the bottom of the well as part of
Read moreSan Leon surges on successful well fracture
3rd Jul 2013 08:50
Shares in San Leon Energy surged after the oil and gas company said it had successfully completed the hydraulic fracture of a well in the Baltic Basin. San Leon said United Oilfield Services completed the operation on Tuesday at the Lewino-1G2 well in Gdansk W Concession. The operation achieved a
Read moreSan Leon looks forward to successful 2013 after full year profits fall
28th Jun 2013 12:49
San Leon Energy struck an upbeat tone on its outlook for 2013 as it reported a drop in full year profits. The oil and gas explorer reported revenues rose to €1.37m in 2012 from €1.04m, but pre-tax profits fell to €0.47m from €15.6m. Its results in 2011 were boosted by a €22m gain from the sale of
Read moreSan Leon Energy obtains approvals for Baltic Basin well
17th Jun 2013 13:49
AIM-listed specialist oil and gas company San Leon Energy has reported that all necessary approvals have been obtained to perform hydraulic fracture work on the Lewino-1G2 well, Gdansk W concession in the Baltic Basin. The company said that mobilisation would commence shortly, and operations woul
Read moreSan Leon discovers frackable rock in Polish well
30th May 2013 11:20
Poland-focused San Leon Energy has uncovered rock formations at a Polish exploration well that are akin to the bounteous Bakken Formation in North America. A successful stimulation test on the Czaslaw-1 well in the Nowa Sol licence in Poland indicated that the rock formation would yield hydrocarbo
Read moreSan Leon's Exploration Director resigns
20th May 2013 11:11
San Leon Energy's Exploration Director John Buggenhagen is stepping down after four years on the board. Buggenhagen has decided to return to the US to pursue new opportunities. He will be leaving the company but will continue to offer advice on strategic decisions. Two explorations managers in
Read moreSan Leon regains ownership of Baltic Basin concessions from Talisman Energy
8th May 2013 14:29
AIM-listed oil and gas producer San Leon has regained 100 per cent ownership of the Gdansk W and Braniewo S concessions, and increased its interest to 50 per cent in the Szczawno concession in Poland's Baltic Basin, an update from the company has shown. In February 2010, the company reported that
Read moreSan Leon Energy secures two licences in Spain
29th Apr 2013 14:05
San Leon Energy has been awarded two further Spanish onshore exploration licences. The company secured a grant for the Aquiles licence, totalling 252,929 acres in Zaragoza, and for the Cronos licence which includes 239,596 acres in the Almazan Basin. The two licences, which have been granted for
Read moreSan Leon shares rocket on gas and oil recovery in Poland
19th Apr 2013 12:58
Shares in oil and gas producer San Leon Energy leapt by almost a third on Friday after the company revealed natural gas and light oil were recovered from the Czaslaw-1 well in its Nowa Sol Concession in Poland. The firm said recent measurements of the well have shown that the well is building pres
Read moreSan Leon Energy's shares surge on MoU with Halliburton Company
18th Mar 2013 11:23
San Leon Energy said on Monday it has signed a memorandum of understanding with Halliburton Company Germany GmbH to develop gas projects in Poland. The possible joint venture will explore the gas potential of San Leon's Wschowa, Gora, and Rawicz concessions. Under an agreement, San Leon would co
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