The Krzesinki-1 exploration well encountered a 65 metre gas column. And according to Aurelian the discovery contains between 10 and 20 billion cubic feet of gas in place.
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Aurelian Oil & Gas PLC, was founded in December 2002, and is focused on the re-emerging Central and Eastern European oil and gas markets, the oldest producing oil province in the world.
Current projects span the region from Poland to Bulgaria, with production in Romania, a deep appraisal well drilled on a large structure in Poland in March 2007 to be developed with a further horizontal well to be drilled in 2010, together with exciting exploration prospects including projects in four countries, Romania (4 blocks), Slovakia (3 blocks), Bulgaria (2 blocks) and Poland (14 blocks). Aurelian is the operator in all of these except Bulgaria.
18/10/11
The Krzesinki-1 exploration well encountered a 65 metre gas column. And according to Aurelian the discovery contains between 10 and 20 billion cubic feet of gas in place.
09/08/11
Aurelian Oil & Gas today issued an operational update on operations in Poland. Broker Arbuthnot released a positive note, which said the firm's current price represented a good buying opportunity
04/07/11
City broker Arbuthnot Securities this morning weighed in with a buy recommendation and 84 pence a share price target on Aurelian Oil & Gas.
15/06/11
Analysts reckon investors are in ‘standby mode’ as they wait for Aurelian to show it has mastered the technical challenges posed by its key Siekierki project.This morning the company said the latest horizontal well at the operation will be “fracced” and flow tested in the coming months.
25/03/11
It has been a rollercoaster day for investors in Aurelian Oil & Gas, whose shares plunged as much as 13 per cent in a frantic early session after the company revealed it been hampered by delays and technical hitches in Poland. However closer inspection of the statement appeared to steady investors’ nerves and by early afternoon the stock had clawed its way back to 69.75 pence – flat on the day.
15/11/10
Aurelian now has an enviable funding position in the junior market, and its already busy 2011 schedule has been taken to a whole new level. This major funding allows Aurelian to more than triple the size of its upcoming drilling programme and it will bring Siekierki's first gas onstream in early 2012.
27/10/10
With a good mix of a near-term development projects as well as a sizeable exploration inventory, Aurelian's busy schedule should ensure the shares, up steadily through 2010 to a recent peak of 61.50 pence, retain their attraction.
01/07/10
Aurelian is continuing to make good progress in Poland, with Trzek-2 on schedule and on budget. It has also started a 3D survey over the Cybinka/Torzym licenses to delineate oil resources.
24/02/10
Apart from increasing the gas estimates for its project in Romania, the group also reported hugher production and revenues for the full year 2009.
27/01/10
Strong investor demand has led to the company raising €7 million more than planned in the recent placing, giving it €39 million to accelerate development and exploration.
31/12/09
Aurelian has entered a strategic partnership agreement with Polish state oil and gas company PGNiG to set up a joint venture explore the company’s six concessions in Western Carpathians.
09/12/09
A Gaffney Cline report on Aurelian's interests has blown the company's conservative resource estimates out of the water, sending the shares soaring once again.
26/10/09
Aurelian Oil & Gas gave investors a lot of news today with a strategy update, a gas sale agreement for the Siekierki field in Poland and a Romanian drilling update.
17/06/09