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.
Aurelian Oil & Gas set for most important month in its history - Ambrian
Aurelian Oil & Gas (LON:AUL) is set for the most important month in its history, according to Ambrian Capital analyst Werner Riding.
The analyst is of course referring to the upcoming flow-test from Trzek-2, the first ever Multi Fracced Horizontal Well (MFHW) to be drilled in Poland. The well is part of the Siekierki tight gas project which is hosted in Poland’s Southern Permian Basin.
At Siekierki, the more advanced of its two principal projects, Aurelian is preparing to start hydraulic fracture stimulation (fraccing) shortly, after poor weather held up logistics.
Fraccing was originally pencilled in for December. Mobilisation of the specialist fraccing equipment was first delayed by heavy snow and three weeks sub zero conditions. This was exacerbated by localised flooding as the snow and ice suddenly thawed.
The drilling was completed near the end of December and it encountered 1,378.5 metres of gas.
The equipment is now on its way to the Siekierki tight gas field. Once underway the fraccing should take seven days to complete, and the subsequent flow test will take between 15 and 30 days.
The initial fraccing results are expected in mid-February with the flow rates to follow by mid-March.
“Successful fracture stimulation with subsequent commercial flow rates at Siekierki will not only confirm the project as being economically feasible, but will also serve the purpose of demonstrating that the previously conventionally produced tight Rotliegendes gas sands are able to be produced unconventionally,” Riding said in a note to clients.
“This will be a significant event from a future regional gas production and supply perspective as prospects that were previously considered uneconomic using traditional drilling and completion techniques would become viable new incremental sources of natural gas.”
