San Leon director toasts well success with share purchase
18th Jul 2012 15:53
San Leon Energy's Exploration Director, John Buggenhagen, purchased 750,000 shares on Tuesday, the same day the firm successfully completed its third shale gas exploration well in Poland's Baltic Basin. The shares traded hands at 10.75p a pop, costing Buggenhagen a total of £80,625. Following this
Read moreSan Leon completes third exploration well
17th Jul 2012 08:36
Oil and gas explorer San Leon Energy has successfully completed its third shale gas exploration well in Poland's Baltic Basin. The well, which is operated by Talisman Energy on a farm-in agreement, delivered continuous gas shows, which are consistent with a potentially wet gas system. The strong
Read moreResources round up: Arian, Baobab, Trans-Siberian Gold ...
16th Jul 2012 08:46
Arian Silver, the Mexico focused silver company, said a dispute with the owner of a toll mill has prompted it to suspending trial milling operations at its San Jose mine in Zacatecas state. Arian says talks are underway to resolve the row but the stock was down 15% at 11:31. Baobab Resources, the m
Read moreSan Leon Energy to start drilling on two wells, unveils JV deal
6th Jul 2012 09:54
Oil and gas explorer San Leon Energy has announced that it is preparing to start drilling on a two-well exploration programme which will test the conventional oil potential of the Main Dolomite in the Southern Permian Basin on its wholly-owned Nowa Sol Concession. The first well will be drilling i
Read moreSan Leon Chairman buys up one million shares
2nd Jul 2012 16:46
San Leon Energy's Chairman, Oisin Fanning, has purchased one million shares in the company less than a week after the oil and gas explorer reported strong results from Poland. Fanning purchased the shares at 8.63p for £86,300, taking his stake in the company to 60.84m shares 5.33%. The firm unve
Read moreSan Leon Energy posts strong results from Poland
26th Jun 2012 13:42
Oil and gas explorer San Leon Energy has unveiled a positive set of initial results from the Siciny-2 well in Poland, saying they have proved the 'huge upside potential' of the carboniferous basin. The firm said it encountered continuous gas shows throughout the well and that based on the results
Read moreResource round-up: ATH Resources, Churchill Mining, Mariana Resources
14th Jun 2012 12:52
ATH Resources lost almost half its value on Thursday after it said a big drop in coal prices had hit trading hard and it was in discussions with its banks. "International coal prices have fallen by some 21% since the beginning of the calendar year and by over 28% since the beginning of the group's f
Read moreProvidence sees potential in Irish appraisal well - UPDATE
23rd Mar 2012 07:06
UK- and Ireland-focused oil and gas group Providence Resources has announced that testing at its Barryroe well, offshore southern Ireland, has proven the reservoirs to be highly productive. The productivity of the the gas bearing interval on the 48/24-10z Barryroe appraisal well far exceeded expect
Read moreProvidence strikes black gold off Irish coast
15th Mar 2012 09:15
Oil explorer Providence Resources has found more oil than expected at its Barryroe well off the coast of Ireland. Tests showed flow rates at the site were 3,514 barrels of oil equivalent per day - almost double its pre-drill target of 1,800. Gas flow rates were 4,000 barrels of oil equivalent per
Read moreResources round-up: Global Petroleum, Trapoil, San Leon...
8th Mar 2012 08:31
Trapoil, the North Sea gas and oil explorer, has reported that operations have begun on the Orchid exploration prospect, where it has a 15% interest. This marks the start of the firm's 2012 exploration programme, which it is currently intended will include the drilling of up to a total of seven well
Read moreLondon open: Moody's dampens sentiment early on
14th Feb 2012 08:55
- Moody's downgrades six nations, three ratings outlooks cut to negative. - Miners provide a drag in London. News that Moody's had downgraded its ratings on several Eurozone nations and revised its outlook on others, including the UK, weighed on the Footsie in early trading on Tuesday. Miners were
Read moreSan Leon Energy sees 'continuous gas shows' in Poland
14th Feb 2012 07:40
San Leon Energy, the oil and gas company currently exploring in Poland, says drilling at one of its sites has encountered "continuous gas shows". The Siciny-2 well was dug to a depth of 3,520 metres, encountering five prospective "intervals", two of which were previously unidentified. The company
Read moreSan Leon jumps as Polish well shows potential
10th Feb 2012 11:52
San Leon Energy, an oil and gas explorer, says drilling at a concession in Poland has "encountered continuous gas shows". The results at the "Braniewo S" dig indicate a wet gas system, although there were also indications of oil. Evaluation of the coring samples taking during drilling is expected
Read moreSmall caps round-up:Sweett, Creon, Quindell, Colliers, Pinnacle ...
24th Jan 2012 08:09
Sweett Group, an international property and construction consultancy, has entered into a pre-paid option agreement for the conditional disposal by its subsidiary company Cyril Sweett Investments of its 19% interest in the equity of E4i Holdings and loan notes in its subsidiary company, E4i Schools L
Read moreSan Leon opens 'data room' to prospective farm-in partners
17th Jan 2012 10:47
Europe- and North Africa-focused oil and gas group San Leon Energy has today announced significant progress on its 100% owned Durresi License (4,208 km2) in Albania, in the form of the final processed volumes from its 840 km2 3D seismic survey. The Durresi license was granted to San Leon in Februar
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