San Leon Energy Advances After Finding Gas in Second Poland Well
February 10, 2012, 3:53 PM ESTBy Eduard Gismatullin
Feb. 10 (Bloomberg) -- San Leon Energy Plc, an oil and gas explorer drilling shale rock in Poland, rose to a two-week high in London trading after its Rogity-1 well found hydrocarbons.
San Leon climbed as much as 9.1 percent to 12 pence, the highest intraday price since Jan. 24, and traded at 11.75 pence as of 8:55 a.m. local time.
The well, operated by Talisman Energy Inc., was drilled to a depth of 2,788 meters (9,147 feet), San Leon said today in a statement. “Continuous gas shows were encountered over more than 500 meters,” as well as indications of oil, it said.
Rogity-1 is San Leon’s second well with Talisman in Poland. Last year, the Lewino 1G-2 well encountered gas over more than 1,000 meters, the Dublin-based company said Nov. 17.
--Editors: Amanda Jordan, Alex Devine
To contact the reporter on this story: Eduard Gismatullin in London at egismatullin@bloomberg.net
To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net
