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San Leon Energy was awarded the Czersk Exploration concession by the Polish Ministry of Environment.
The Czersk concession consists of 702.5 sq km (271 sq miles) covering portions of Block 87 and Block 88 in the Baltic basin of Poland.
Combined with San Leon's existing Gniew concession, the company now has a 100% working interest in two Baltic basin concessions (totaling more than 468,000 net acres) as well as significant interests in five other concessions. The Czersk concession expands San Leon's interest in the Baltic Basin to about 1.6 million gross acres (958,000 net acres).
Oisin Fanning, chairman of San Leon, said: “This concession award is another positive step in the development of our company. We are confident that our strategy of securing licenses in different locations within the Baltic basin will prove to be successful in the future.”