San Leon Energy highlights progress at Oza Field


San Leon Energy PLC (LON:SLE) has noted an announcement from Decklar Resources Inc regarding the Oza Field in Nigeria.

The Decklar announcement said that the drilling rig and related equipment are set up on location at the Oza-1 well site and have been tested and inspected and are currently pulling existing tubing out of the well.

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A cement bond log will then be completed to confirm integrity of the cement behind casing followed by the pulling of 5 1/2 inch casing that is inside 9 5/8 inch casing, running cased hole reservoir well logs, and cleaning of the well.

Following this, Decklar said perforation operations will then begin while running a testing tubing string with straddle packers to test the isolated individual three zones.

It is anticipated that initial oil production testing will then commence, Decklar said, adding that all crude oil test volumes produced will be immediately exported and sold through the existing production facilities and pipelines to the Bonny Export Terminal.

The update added that all approvals and permits have been obtained for well re-entry, testing and completion.

San Leon has a condition subscription agreement with Decklar’s local subsidiary, Decklar Petroleum Limited (DPL), to purchase US$7.5mln of 10% unsecured subordinated loan notes of DPLC and 15% of the enlarged share capital.


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