San Leon Energy

Photo: Bloomberg

Two of the larger unconventional gas prospectors in Poland are joining up, hoping that their combined heft will deliver a long-awaited breakthrough and finally make money in an industry that has been longer on promises than profits.

On Monday, San Leon Energy said it was merging with Aurelian Oil & Gas in a $98m all-share transaction that creates the largest foreign holder of unconventional gas concessions in Poland. Read more