2010-05-19-2010-03-01

Transaction Type
Announce Date
Post Date
Estimated Price
$2.0MM
Description

To acquire 60% interest in Poland's Baltic shale play, gaining up to 6 Tcf.

Talisman Energy Inc., Calgary, (NYSE, Toronto: TLM) plans to acquire a 60% interest in three concessions in the onshore Baltic Sea shale play in Poland from Oculis Investments, a subsidiary of San Leon Energy Plc, Dublin, (London AIM: SLE) for €1.5 million (approximately US$2.03 million) and 60% of drilling-related costs. San Leon says the assets, which are in the Gdansk area of northern Poland, may contain up to 6 trillion cubic feet of resource potential. Under the agreement, Talisman will drill one well on each concession.