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Additional Information
Market: AIM
Sector: Energy
EPIC: AUL
Latest Price: 16.00p  (-3.03% Descending)
52-week High: 93.25p
52-week Low: 15.50p
Market Cap: 79.08M
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Aurelian Oil & Gas
www.aurelianoil.com

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.

Full Aurelian Oil & Gas profile here
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Aurelian Oil & Gas responds to speculation in Financial Times regarding ‘large gas find’

1st Dec 2009, 1:11 pm Aurelian Oil & Gas responds to speculation in Financial Times regarding ‘large gas find’

Aurelian Oil & Gas (AIM: AUL) the Eastern European focused oil and gas exploration and production junior, responded to a snippet in the Financial Times this morning suggesting the company “could soon announce a large gas find”.


Aurelian confirmed that a new competent persons report (“CPR”) prepared by Gaffney Cline & Associates was nearly complete, and that the CPR would include an upgrade in estimates of the contingent resources at its flagship asset, the Siekierki Gas Project in Poland.  The CPR would also include resource upgrades “across its wider portfolio”.


Aurelian recently outlined a revised strategy going forward following the September management reshuffle which saw the appointment of Rowen Bainbridge as CEO and Mark Reid as CFO.  Going forward, Aurelian has a two-pronged approach – to focus on the Rotliegendes and Zechstein plays in Central and Western Poland, and to focus on the Carpathian Thrust Fold belt in Southern Poland, Slovakia and Western Romania.


In October, Aurelian announced that it had - through its 90 percent owned subsidiary Energia Zachod - entered into an agreement with Kulczyk Investments for the sale of gas produced from the Siekierki field, for gas produced from test wells during an initial 6-month period and a subsequent fully-termed agreement which will run for an initial 10 years.

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