San Leon Energy has successfully expanded its existing Rawicz concession in the Permian/SW Carboniferous Basin of Poland. As part of the modification of the Rawicz concession, the Polish Ministry of Environment has approved merging the Rawicz and Winsko concessions and expanding the total concession area.
The amended concession includes the previously discovered, unproduced Rawicz gas field in the Permian Main Dolomite and Rotliegendes formations. The company estimates that the Rawicz gas field could obtain up to 17 billion cu ft of recoverable, high quality methane gas in the Permian Rotliegendes formation. The updated Rawicz concession further expands San Leon’s unconventional Carboniferous acreage. The new merged concession area is 742 sq km.
The company plans to acquire an estimated 120 sq km 3D seismic survey over the Rawicz gas field with San Leon’s subsidiary, NovaSeis, fourth quarter 2012, followed by the first appraisal well of the field second quarter 2013. The company plans to obtain first production from the field third quarter 2013.
San Leon holds 100% of the expanded Rawicz concession.
