Shale Gas World Warsaw, 25th November 2014 Joel Price, COO July 2014 Lewino-1G2 Frac Lewino-1G2 Results
Contents Company overview (brief) Polands Baltic Basin San Leons Baltic Basin shale activity Focus on Lewino-1G2 frac results Other Operators activity Next steps for San Leon, and well design considerations 3
Company Overview London listed independent exploration and near-term production company Gold Europe & North Africa focussed Point Energy (2009) High impact exploration in Poland and Morocco Near-term Polish production…
Poland - Diverse Portfolio Across Many Plays Baltic Basin Targets 1. Baltic Basin Paleozoic shale play Paleozoic shale gas/condensate & oil play Gas, condensate and oil Permian Basin Targets Carboniferous unconventional Shale…
Poland Baltic Basin Ordovician & Silurian Gas/Condensate Material Baltic Basin Silurian acreage position across 7 Oil licences Basin-wide diversity: Portfolio approach to acreage position: Combination of gas & liquids,…
Poland Baltic Basin, San Leon Areas And Activity Activity to date: 3 wells drilled in 2011/12 by Talisman Talisman exited and SLE is back to 100% Gdansk West Gdansk W Lewino-1G2 well frac Braniewo S done x3, tested, long…
Lewino-1G2 Overview (Gdansk W) Main shale intervals of interest in Lewino- 1G2 are the Ordovician and Silurian Attractive combination of porosity, pressure, TOC, clay content and existing fractures Gdansk West GIIP estimate:…
Lewino-1G2 Results Flowrate after 6 weeks was 45,000-60,000 scf/d, well not yet cleaned up of frac fluid Estimated potential of 200,000-400,000 scf/d once cleaned up (SIGMA3, Denver) Clean up halted due to daily cost (55,000/day)…
Lewino-1G2 Fracs 1-3 3515 m Perfs Propped interval Perforations probably not higher-clay layer or Lower from frac 3 propping open upper Ordovician but Frac 3 far better than previous fracs, for frac 3 upper…
Lewino-1G2 Frac 3 Detail Fracs 1 & 2 enable significant learning and job design modifications for frac 3 Frac 3 was a textbook frac, shown by very stable pump graph High ceramic proppant concentrations achieved in frac 3, keeping…
Lewino-1G2 Making Sense Of Results Highly encouraging vertical frac Demonstrates the two factors we wished to prove in this well: 1) We can place a successful frac, and keep it open for flow 2) The shale is capable of substantial,…
Other Operators Activity Gdansk W Braniewo S Szcawno 13
San Leon - Horizontal Aims To Prove Commerciality Horizontal (1500 m+) is now fully engineered Multiple fracs, with the option to perform fraccing in batches with flowback in-between The whole 49 metres of shale interval should…
Completion Considerations Casing and tubing designed to handle higher frac pressures expected for fracs at the toe, and allows high pump rates if appropriate Ceramic proppant likely to be used for first horizontal, but expected to be…
for frac 3 Perforations Perforations for fracs 1 & 2 3545 m 3564 m 3537 m 3515 m Perfs Perfs Frac 1 able to grow through higher-clay layer (shown by temperature log) but not propped open Frac 1 (lower…
Conclusions We are still at an early stage in evaluating Polish shale Drilling intensity remains low However some interesting and promising results require follow-up well activity, and we are much further forward with well…
Contacts Oisn Fanning Executive Chairman oisinsanleonenergy.com Joel Price Chief Operating Officer jpricesanleonenergy.com San Leon Energy plc. offices Ireland United Kingdom Poland 3300 Lake Drive 43 Grosvenor Street Mokotowska…
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