San Leon to Develop Polish Shale as Talisman, Marathon Quit
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San Leon Energy Plc plans to develop Polish shale gas assets as soon as possible after Talisman Energy Inc. exited the country and Marathon Oil Corp. said it would follow suit, the company’s exploration director said.
San Leon rose as much as 15 percent in London today to the highest level in more than two months after saying it bought Talisman’s interest in Poland’s Baltic basin. Dublin-based San Leon will become operator of three licenses in the area and signed a deal with United Oilfield Services Inc. to hydraulically fracture a well in the so-called play, it said.