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Proactiveinvestors United Kingdom Aurelian Oil & Gas http://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Aurelian Oil & Gas RSS feed en Mon, 21 May 2012 09:37:58 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[Broker press ]]> Wed, 09 May 2012 00:00:00 +0100 <![CDATA[RNS press release - Operational Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/120430aul2880c/ Mon, 30 Apr 2012 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/120430aul2880c/ <![CDATA[RNS press release - Posting of Report and Accounts ]]> http://www.proactiveinvestors.co.uk/companies/rns/120427aul2690c/ Fri, 27 Apr 2012 16:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/120427aul2690c/ <![CDATA[RNS press release - Final Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/120423aul8102b/ Mon, 23 Apr 2012 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/120423aul8102b/ <![CDATA[RNS press release - Change of name of nominated adviser ]]> http://www.proactiveinvestors.co.uk/companies/rns/120411aul0131b/ Wed, 11 Apr 2012 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/120411aul0131b/ <![CDATA[RNS press release - Operational Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/120322aul8303z/ Thu, 22 Mar 2012 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/120322aul8303z/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/120314aul3785z/ Wed, 14 Mar 2012 17:52:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/120314aul3785z/ <![CDATA[RNS press release - Licence Extension ]]> http://www.proactiveinvestors.co.uk/companies/rns/120224aul0312y/ Fri, 24 Feb 2012 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/120224aul0312y/ <![CDATA[Broker press ]]> Mon, 13 Feb 2012 00:00:00 +0000 <![CDATA[RNS press release - Form 8 (OPD) Aurelian Oil & Gas Plc ]]> http://www.proactiveinvestors.co.uk/companies/rns/120210aul1604x/ Fri, 10 Feb 2012 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/120210aul1604x/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/120207aul9065w/ Tue, 07 Feb 2012 07:01:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/120207aul9065w/ <![CDATA[RNS press release - Siekierki Project Update & Strategic Review ]]> http://www.proactiveinvestors.co.uk/companies/rns/120201aul5511w/ Wed, 01 Feb 2012 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/120201aul5511w/ <![CDATA[RNS press release - Corporate Presentation Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/120109aul2077v/ Mon, 09 Jan 2012 09:31:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/120109aul2077v/ <![CDATA[RNS press release - Polish Licence Awards ]]> http://www.proactiveinvestors.co.uk/companies/rns/120104aul9404u/ Wed, 04 Jan 2012 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/120104aul9404u/ <![CDATA[RNS press release - Operational Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/111230aul7708u/ Fri, 30 Dec 2011 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/111230aul7708u/ <![CDATA[Broker press ]]> Fri, 30 Dec 2011 00:00:00 +0000 <![CDATA[News - UPDATE: Aurelian Oil & Gas and shareholder Kulczyk Investments in Polish cooperation agreement ]]> http://www.proactiveinvestors.co.uk/companies/news/36210/update-aurelian-oil-gas-and-shareholder-kulczyk-investments-in-polish-cooperation-agreement-36210.html Aurelian Oil & Gas (LON:AUL) is to cooperate with 13.77 per cent shareholder Kulczyk Investments SA in upstream oil and gas opportunities in Poland.

The parties have signed a Relationship and Area of Mutual Interest (R&AMI) agreement under which they will establish a strategic partnership.

Kulczyk and Aurelian will jointly originate and invest in upstream oil and gas opportunities in Poland and co-operate in gas marketing, procurement of oilfield services and, in time, the procurement of midstream processing and production infrastructure.

As part of the agreeement, and where operatorship is available, Aurelian will operate all licences that the partnership co-invests into, with Kulczyk bringing significant capital and strong downstream and gas commercialisation capabilities to the venture, Aurelian said.

Kulczyk is a large industrial group with interests in a broad range of sectors in Poland, including integrated energy which it is seeking to grow further through increased investment in the Polish upstream sector.

Aurelian chief executive Rowen Bainbridge said: "Kulczyk Investments is a strong, well-funded, local partner who we know well and have a long affiliation with.

"Excellent synergies exist between our technical capability and Kulczyk Investments' M&A and gas commercialisation skills. We see this agreement as key catalyst to support the growth of Aurelian's Polish business going forward."

Kulczyk’s business interests, particularly within the energy sector, are prominent across Poland, and therefore this agreement should be seen as a very positive step within the market, said broker Westhouse in a note.

"It should give Aurelian advantages over other E&P companies attempting to exploit shale gas plays within Poland, namely 3Legs Resources, San Leon Energy and FX Energy.

"Kulczyk’s commitment to Aurelian was also demonstrated recently, when it increased its holding in the company, following the disappointing flow test result from the Trzek-3 multi-fracced horizontal well on the Siekierki project," said the broker.

"Once Aurelian can demonstrate that it is able to complete and operate shale gas wells, and achieve commercial flow rates, the benefits of Kulczyk as a major shareholder, and today’s agreement, will become more apparent," concluded Westhouse.

In a separate statement today, Aurelian said its chief financial officer Mark Reid had resigned as CFO and also from the board to pursue other career projects.

Non-executive director John Matthews, who joined the Aurelian board in September 2010, has been appointed as acting finance director, also with immediate effect.

Last month, Aurelian reported a new gas discovery in the country, in the Krzesinki-1 exploration well, which was drilled on the same licence as the Siekierki tight gas field the group is currently developing.

Earlier this month, Aurelian’s largest shareholder, Toscafund Asset Management, bought 1.4 million more company shares and now owns 23.25 per cent of the company.  Shortly prior to that, Kulczyk had increased its holding in Aurelian by 1.75 million shares to 68 million shares, giving it the current 13.77 per cent stake.

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Mon, 28 Nov 2011 15:18:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/36210/update-aurelian-oil-gas-and-shareholder-kulczyk-investments-in-polish-cooperation-agreement-36210.html
<![CDATA[News - Aurelian Oil & Gas finance chief resigns ]]> http://www.proactiveinvestors.co.uk/companies/news/36202/aurelian-oil-gas-finance-chief-resigns--36202.html Mark Reid, chief financial officer of Aurelian Oil & Gas (LON:AUL), has resigned from the position and from the board, the company said in a statement this afternoon.

Reid has stepped down to pursue other career projects, the firm said.

Non-executive director John Matthews, who joined the Aurelian board in September 2010, has been appointed as acting finance director, also with immediate effect.

Chairman of the company John Conlin will take over from Matthews as chairman of the audit committee.

Conlin said this afternoon: "Mark has made an outstanding contribution to Aurelian since joining in 2009.

"The board and I are disappointed to lose him as a colleague and a director, and we wish him and his family well with his future plans."

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Mon, 28 Nov 2011 13:57:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/36202/aurelian-oil-gas-finance-chief-resigns--36202.html
<![CDATA[RNS press release - Directorate Change ]]> http://www.proactiveinvestors.co.uk/companies/rns/111128aul8958s/ Mon, 28 Nov 2011 13:31:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/111128aul8958s/ <![CDATA[News - Aurelian Oil & Gas and shareholder Kulczyk Investments in Polish cooperation agreement ]]> http://www.proactiveinvestors.co.uk/companies/news/36176/aurelian-oil-gas-and-shareholder-kulczyk-investments-in-polish-cooperation-agreement-36176.html Aurelian Oil & Gas (LON:AUL) is to cooperate with 13.77 per cent shareholder Kulczyk Investments SA in upstream oil and gas opportunities in Poland.

The parties have signed a Relationship and Area of Mutual Interest (R&AMI) agreement under which they will establish a strategic partnership.

Kulczyk and Aurelian will jointly originate and invest in upstream oil and gas opportunities in Poland and co-operate in gas marketing, procurement of oilfield services and, in time, the procurement of midstream processing and production infrastructure.

As part of the agreeement, and where operatorship is available, Aurelian will operate all licences that the partnership co-invests into, with Kulczyk bringing significant capital and strong downstream and gas commercialisation capabilities to the venture, Aurelian said.

Kulczyk is a large industrial group with interests in a broad range of sectors in Poland, including integrated energy which it is seeking to grow further through increased investment in the Polish upstream sector.

Aurelian chief executive Rowen Bainbridge said: "Kulczyk Investments is a strong, well-funded, local partner who we know well and have a long affiliation with.  Excellent synergies exist between our technical capability and Kulczyk Investments' M&A and gas commercialisation skills. We see this agreement as key catalyst to support the growth of Aurelian's Polish business going forward."

Last month, Aurelian reported a new gas discovery in the country, in the Krzesinki-1 exploration well, which was drilled on the same licence as the Siekierki tight gas field the group is currently developing.

Earlier this month, Aurelian’s largest shareholder, Toscafund Asset Management, bought 1.4 million more company shares and now owns 23.25 per cent of the company.  Shortly prior to that, Kulczyk had increased its holding in Aurelian by 1.75 million shares to 68 million shares, giving it the current 13.77 per cent stake.

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Mon, 28 Nov 2011 07:31:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/36176/aurelian-oil-gas-and-shareholder-kulczyk-investments-in-polish-cooperation-agreement-36176.html