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Additional Information
Market: AIM
Sector: Energy
EPIC: AUL
Latest Price: 16.88p  (2.26% Ascending)
52-week High: 73.00p
52-week Low: 15.50p
Market Cap: 83.43M
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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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Goldman Sachs upgrades AIM-listed exploration juniors due to higher oil price

1st Feb 2011, 4:03 pm

Goldman Sachs has upgraded a host of exploration and production juniors after it increased its 2011 oil price forecasts from US$85  to US$100 per barrel.

This new forecast is actually in-line with current prices that have broken through the US$100 mark for the first time since 2008, amid the political uncertainty in North Africa and the Middle East.

The banking giant’s London-based analyst team looked at several E&P juniors and they tipped a handful stocks in particular – including Dominion Petroleum (LON:DPL) and Chariot Oil (LON:CHAR) - who could benefit from important farm-out deals in the coming months.

Goldman upgraded Dominion to a ‘buy’ and increased its price target from 7.28 to 10.53 pence per share - which implies 54 percent upside from the current price.

It also upgraded it guidance on Cove Energy (LON:COVE) and Coastal Energy (LON:CEO) adding both stocks to its buy list, targeting 155 and 775 pence respectively.

Meanwhile the analysts also revised its price targets for several other companies due to the higher oil price forecast.

Goldman rates Aurelian Oil & Gas (LON:AUL)  as a ‘buy’ and it upped its target from 103 to 152 pence per share. 

Similarly it maintains a ‘buy’ rating for Nighthawk Energy (LON:HAWK, OTCQX:NHEGY) and Northern Petroleum (LON:NOP), with price targets being raised to 20.35 and 258 pence respectively.

The analysts kept their ‘neutral’ rating for Gulf Keystone Petroleum (LON:GKP) although the price target has been increased from 172 to 234 pence per share.  Gulfsands Petroleum (LON:GPX) also has a ‘neutral’ rating but the target increases from 421 to 478 pence.

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