- San Leon Energy has agreed a farm-in with Canadian-based Talisman Energy covering the company's two Baltic Basin gas concessions in Poland and a third pending application.

Talisman has agreed to pay 60% of the costs of a seismic programme and has made a cash payment of €1.5m to San Leon.

The company will drill one well across each of the three concessions, with an option to follow up with three further wells.

Story provided by Business Financial Newswire