3Legs Resources Operations Announcement

30 August 2011
3Legs Resources Operations Announcement

Operations on Lebien LE-2H horizontal well

3Legs Resources plc (the “Company”), a company focussed on the exploration and development of unconventional oil and gas resources with a particular focus on shale gas in Europe, announces the following operational update.

Highlights

  • Completion of 13-stage hydraulic fracture stimulation programme on Lebien LE-2H horizontal well
  • Well now being prepared for testing
  • Operations continuing on Warblino LE-1H

Following its announcement in June 2011 regarding the drilling of the Lebien LE-2H horizontal well, the Company has now completed a 13-stage hydraulic fracture stimulation programme on this well, working with Schlumberger as its principal completion services provider. The frac programme was executed using the ‘plug and perf’ method and was carried out in full compliance with all applicable health, safety and environmental requirements.

Following conclusion of the frac programme, the well is being prepared for testing, which may include flaring of natural gas.

The hydraulic fracture treatment on the Lebien LE-2H well is believed to be the first multi-stage hydraulic frac stimulation of a horizontal shale gas well in Poland and consequently represents a further milestone in the evaluation of the hydrocarbon potential of the lower Palaeozoic shales in the Polish Baltic Basin.

Operations are continuing on the Company’s Warblino LE-1H horizontal well and an announcement relating to this well is expected to be made shortly.

Peter Clutterbuck, Chief Executive of 3Legs Resources, said:

“We are pleased to have successfully completed the multi-stage hydraulic fracture treatment of the Lebien LE-2H well as planned. This was, to the best of our knowledge, the first multi-stage hydraulic fracture treatment of a horizontal shale gas well in Poland.

We look forward to the results of the well test programme later this year. The results of this well have the potential to advance significantly our understanding of the shale gas potential of the lower Palaeozoic shales in the Polish Baltic Basin.”