The concession, totaling 894.41sq km, is located in the Baltic Basin, onshore northern Poland, across license blocks 48 and 49, and San Leon currently has 100% interest in the concession.
The concession is valid for up to five years and covers a work program which includes geological studies, 280km 2D seismic acquisition and a one well drilling obligation.
The concession has also an optional 3D seismic survey and an additional two wells.
San Leon chairman Oisin Fanning said that the concession is on trend with recent drilling by Lane Energy and its partner ConocoPhillips and is also within the scope of the company’s farm-out agreement with Talisman Energy.
