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 seeks new partner for Siekierki in Poland after Canamens exit finalised
Aurelian Oil & Gas PLC (AIM: AUL) said its immediate priority is to find a new farm-in partner for its Siekierki project in the Poznan region of Poland, after the exit of its current partner was finalises today.
It announced in May that its 40 percent farm-in partner Canamens Ltd planned to withdraw from Siekierki following a "strategic review of its priorities", and cited Canamens as saying the withdrawal should not be viewed as an indication of any change in its view of the project's potential.
Under the terms of the deal, Aurelian will buy back Canamens’ 40 percent interest in its Polish unit Energia Zachod for €8,870, giving Aurelian a 90 percent stake in EZ. Canamens will also waive its right to repayment of loans of approximately €400,000 made to Aurelian Group companies and make a contribution toward committed project expenses of US$500,000.
The company is currently actively involved in discussions with potential partners which it expects to conclude this summer, it added.

















