San Leon Energy is an oil and gas exploration company and is Europe's leading shale gas company by acreage. San Leon's assets are located in Poland, Morocco, Albania, Ireland, Spain and Italy. The Company's portfolio across these geographies is made up of both shale and conventional oil and... More
Wednesday, Feb 512:19 PM
Wednesday, Feb 512:19 PM| Comment!
- Poland officials say they will speed up work on setting regulations for its nascent shale gas industry, after London-listed San Leon Energy (SLGYF) said last month that it had made significant progress toward commercial production after vertical drilling in northern Poland.
- The development rekindled Poland's hope that shale gas will become a viable source of energy for the economy which relies on Russia for 60% of the gas used each year.
- Chevron (CVX) has continued to move forward on shale gas exploration in Poland after Exxon, Talisman and Marathon Oil abandoned projects after mixed results.
Friday, Jul 52013, 3:38 PMPoland has plenty of gas, but hopes it can lead a shale gas boom in Europe are fading fast as energy companies say government red tape is delaying commercial output and draft proposals to cut bureaucracy don't go far enough. If shale gas fails to live up to the potential, the chief beneficiary would be Russia's Gazprom, which would continue to be Poland's biggest gas supplier. |Friday, Jul 52013, 3:38 PM| 14 Comments
Wednesday, May 82013, 8:09 AMTalisman Energy (TLM) is pulling out of exploration for shale gas in Poland, saying it will sell its Polish interests to San Leon Energy after failing to find enough gas to warrant further expensive exploration or extraction procedures. Exxon sold its Polish concessions last year, and the decisions are a blow to the country's hopes that its shale deposits eventually will cut dependence on Russian supplies. |Wednesday, May 82013, 8:09 AM| Comment!
Monday, Mar 182013, 8:59 AMHalliburton (HAL) signs a strategic partnership that could see it earn up to a 25% stake in three Polish concessions. London-listed San Leon Energy (SLGYF.PK) would continue as manager and operator of the concessions, while HAL would perform and fund fracturing tests for the Siciny-2 well in Q2 2013. |Monday, Mar 182013, 8:59 AM| Comment!