San Leon seeks funds for offshore Albania well

Offshore staff

DUBLIN, Ireland – San Leon Energy is seeking to raise $44 million via a proposed conditional placing of new ordinary shares.

The funds would be used to funds planned exploration drilling, including a first exploratory well on the Durresi license offshore Albania.

San Leon aims to spud this well during 4Q from an onshore location. It estimates the cost at around $7.6 million.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...