San Leon Energy PLC (AIM:SLE, AQSE:SLE, OTC:SLGYF) noted that associate Decklar Resources has begun operations to complete the Oza-1 well re-entry, in Nigeria, and the programme is due to be finished in 7 to 10 days.
It will see the well initially configured for production from the L2.6 zone, which tested at rates up to 2,463 bopd as previously announced.
The company, in a statement, noted that all early production facilities have been installed and function tested including a separator crude oil storage tanks and export pumps.
Earlier this month, San Leon announced positive well results which confirmed the project could be returned to production. The Oza-1 well re-entry programme saw initial gas flows of 10.3mln cubic feet and 1,361 barrels of oil per day.
It also noted that the transaction for San Leon to purchase US$7.5mln of loan notes – plus a possible further US$7.5mln investment – is awaiting the completion of final conditions.
