3Legs Details Progress on Polish Shale Gas Play

In announcing its Interim Results for the six months ended 30 June 2011, 3Legs Resources plc., the European focused unconventional oil and gas explorer, outlined its plans for the rest of the year with the goal of unlocking the “very significant upside potential” of its Polish assets.

The company announced the conclusion of initial analysis on Lebien LE-1 and Legowo LE-1 vertical test wells in March 2011, which has enabled the Company to develop a new interpretation of the Baltic Basin geology

Independent report by Netherland, Sewell & Associates Inc. on Original-Gas-in-Place (OGIP) volumes on the 3Leg’s Baltic Basin licenses, giving an OGIP figure of 170 tcf gross, 50 tcf net to the Company.

Drilling of Lebien LE-2H horizontal well in June 2011 on the Lebork license, was the first horizontal shale gas well in Poland, and encountered high gas saturations throughout the horizontal section; preparation for its completion in Q3 2011.

The company plans multi-stage hydraulic fracture stimulation programs on Lebien LE-2H and Warblino LE-1H horizontal wells the Damnica licenses, with first test results expected in Q4 2011.

"We completed our initial public offering in June, raising £62.5 million gross, and consequently we look forward to continuing to leverage our first mover position in the Baltic Basin. We are making good progress in our work program, having drilled the first horizontal shale gas well in Poland.” said Tim Eggar, Chairman.

“We have now successfully completed the first multi-stage hydraulic fracture stimulation of a horizontal shale gas well in Poland. We will continue to advance our primary objective of demonstrating the commercial potential of our sizeable Baltic Basin licenses.”

3Legs holds six exploration and prospection licenses covering over a million acres in the onshore Baltic Basin, in addition to onshore exploration licenses over acreage near Krakow in southern Poland and in Baden-Württemberg in southwest Germany.