Continental Focus, International Reach

OML 18 Drilling to Start

Tuesday, December 11, 2018

San Leon Energy reported that the rig mobilized to OML 18 onshore Nigeria by Eroton, the operator of the license, is now fully positioned on the well site. The rig will drill a well on the Akaso field, the first on the concession under the operatorship of Eroton.

The OSMU-1 well is expected to commence drilling in the next few days. It is expected to take up to 60 days to drill to around 11,900 ft measured depth and complete. The well is targeting the E4500 and E3000 formations and is then expected to be connected to the OML 18 production system.

Oisin Fanning, CEO, commented, “Drilling the first new well of Eroton’s operatorship marks the start of a new chapter in the development of OML 18. Increasing oil production at the wellhead is an important step in increasing cash flow from the asset, and I look forward to providing shareholders with an update on the performance of this new well in due course, in addition to providing further information on further development activities.”