RNS

San Leon Energy PLC Akaso-15 Well Test & OML18 Drilling Update

TIDMSLE

RNS Number : 3475D

San Leon Energy PLC

25 June 2019

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

25 June 2019

San Leon Energy plc

("San Leon" or the "Company")

Akaso-15 Well Test

&

Update on OML 18 Drilling

San Leon Energy plc announced on 28 February 2019 that Eroton, the operator of the OML 18 licence, onshore Nigeria, was preparing to perform a well test on the first of its newly-drilled wells, Akaso-15. The well test took longer to test than anticipated due to various operational factors including downtime on the export pipeline.

Akaso-15 has a dual completion (a separate production tubing for two different reservoirs, which can therefore be produced simultaneously). The combined well test rate on a 32/64" choke is 4800 bopd, and the well has now been put on production.

The Akaso PMMO-1 well (which will be known as Akaso-16 after completion) is awaiting completion using a hydraulic workover unit. Eroton expects to perform future well completions using this unit in order to save rig time. The drilling rig is moving to the next well location, Akaso MTMY-1.

Enquiries:

San Leon Energy plc 
  Oisin Fanning, Chief Executive                        (+ 353 1291 6292) 
 Cantor Fitzgerald Europe (Nominated adviser, 
  financial adviser and joint broker to the 
  Company)                                             (+44 207 894 7000) 
  David Porter                                         (+44 207 894 7000) 
  Rick Thompson 
 Whitman Howard Limited (Financial adviser 
  and joint broker to the Company) 
  Nick Lovering                                        (+44 20 7659 1234) 
 Brandon Hill Capital Limited (Joint broker 
  to the Company)                                      (+44 203 463 5000) 
  Oliver Stansfield                                    (+44 203 463 5016) 
  Jonathan Evans 
 Vigo Communications (Financial Public Relations)      (+44 207 390 0236) 
  Chris McMahon                                        (+44 207 390 0236) 
  Simon Woods 
 Plunkett Public Relations 
  Sharon Plunkett                                       (+353 1 280 7873)

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END

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(END) Dow Jones Newswires

June 25, 2019 06:12 ET (10:12 GMT)

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