San Leon Energy sees 'continuous gas shows' in Poland
San Leon Energy, the oil and gas company currently exploring in Poland, says drilling at one of its sites has encountered "continuous gas shows".
San Leon Energy, the oil and gas company currently exploring in Poland, says drilling at one of its sites has encountered "continuous gas shows".
The Siciny-2 well was dug to a depth of 3,520 metres, encountering five prospective "intervals", two of which were previously unidentified.
The company says it will take around three to four months to evaluate the results of the dig "in preparation for future production testing".
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Oisin Fanning, Chairman of San Leon commented:
"In total we encountered more than 500 meters of potential reservoir...The complex nature of the Carboniferous source rock, including natural fracturing, shows real promise for gas production."
San Leon shares have fallen 63% over the last 12 months.
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
How to pay in a cheque
Receiving or writing a cheque has become much less common in recent years as instant bank transfers have grown in popularity. Amid widespread bank branch closures, we explain what to do if you get a cheque, and how you can pay one into your bank account.
-
Crypto assets of seven million UK investors at risk – how to keep yours safe
Cryptocurrency wallet rules make it hard to track down assets after someone has died, even if they leave a will saying who they would like to inherit them