San Leon Energy said the Rawicz-15 development well in Poland will be spud next month.
The development well is in the country’s southern Permian Basin and in addition to providing a second well, it is also hoped it will provide further data on the sandstone reservoir.
The company said the well, which is operated and funded by Palomar Natural Resources, will take 35 days to reach a total depth of around 1,600 metres.
It will be followed by completion and a full well testing programme.
Last month, the company said it had made a new gas discovery onshore Morocco.
The company said the Laayoune-4 well on the Tarfaya conventional licence had been drilled and suspended with gas shows.
In August the company had confirmed speculation of an approach being made for a possible takeover.
The Irish oil and gas company was forced to make a statement after press in the country reported the firm was “being targeted for a takeover”.