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Aurelian Oil & Gas (AUL)     

smiler o - 20 Jul 2007 14:06

About Aurelian

Aurelian was founded in 2002 by its current managing director, Michael Seymour. It concentrates its activities in the Central Europe Region, where Mr. Seymour, together with many of his present Team, have worked for more than thirteen years.
The Company's expertise and Strategy lies in identifying and developing sound projects within its region of focus and expertise. Applying an aggressive exploration programme and conducting high quality technical work to it's projects, Aurelian is building a balanced portfolio which includes production, appraisal and exploration Projects.

Current Projects span the Region from Poland to Bulgaria, now with production in Romania, a deep appraisal well to be drilled on a large structure in Poland in March 2007, together with exciting exploration prospects including projects in four countries, Romania (4 blocks), Slovakia (3 blocks), Bulgaria (2 blocks) and Poland (2 blocks). Aurelian is the operator in all of these except Bulgaria. Details are provided elsewhere on this site.

Aurelian's exploration and development programme is well funded for the foreseeable future. The company has a committed management team with in-depth experience of the region, and the broad base of expertise required to identify and develop the company's business and value.

Regional Strategy

Aurelian focuses its activities in Central Europe, from the Baltic to the Mediterranean. This region is the oldest producing oil province in the world. First oil was mined here in the early centuries of the last millennium and was first developed commercially as early as 1853 when the first well ever was drilled. The Company's area of focus covers the whole of the area from Poland and the Baltic states, to the Mediterranean. We will continue to apply for concessions in this area. It is hoped that further awards will be announced before the end of the year.




Outlook

Aurelian has an aggressive and ambitious exploration programme. Seismic will be acquired in all the countries where the company currently operates. Low risk exploration wells will be drilled in Romania and deeper higher impact wells are being drilled in Poland and Bulgaria in 2007. Production from discoveries will be developed to produce revenues in 2008 and beyond. Aurelian plans to become a leading "independent" by the end of the decade.


Chart.aspx?Provider=EODIntra&Code=AUL&SiChart.aspx?Provider=EODIntra&Code=AUL&SiName of shareholder having a major interest

Ospraie Management LLC
Ospraie Management Inc
Ospraie Holding 1 LP
Dwight Anderson.

Company Summary - Aurelian Oil & Gas PLC (AUL) 52.25p

FTSE AIM All Share Oil & Gas ProducersMarket cap: �70.381m



http://www.aurelianoil.com/index.php?v=financial

http://www.aurelianoil.com/index.php?v=home



gibby - 25 Nov 2011 07:36 - 125 of 141

might be interesting here today apparently! gla

gibby - 29 Nov 2011 10:50 - 126 of 141

would imagine some north movement fairly soon perhaps - good buy in level imo:

broker note after september slump below:

"Arbuthnot Securities oil analyst Sam Wahab says the disappointing news from Aurelian Oil & Gas (LON:AUL) Trzek-3 well, which is indicated recoverable resources of between 4-8 billion cubic feet rather than the 16-20 bcf, does not materially impact his valuation. The analyst repeated his buy recommendation and an 84 pence price target".

chatter of t/o here - we'll see

gibby - 30 Nov 2011 17:19 - 127 of 141

even better buy in level than yesterday now LOL LOL LOL :-))))

dreamcatcher - 30 Dec 2011 07:08 - 128 of 141

Operational Update
RNS
RNS Number : 7708U
Aurelian Oil & Gas plc
30 December 2011

30th December 2011



Aurelian Oil & Gas PLC



("Aurelian" or "the Company")





Operational Update



Aurelian, the European focused E&P Company, is pleased to provide the following operational update.



Highlights:





· Flow test on Krzesinki-1 gas discovery on Block 207 (Poznan East) commenced

o Flow testing on the Krzesinki-1 exploration well began on 27 December 2011, results expected in the first half of January 2012;

o Results to be incorporated into the Independent Review of Siekierki currently underway; and

o Commercialisation options being evaluated with tie in points being between 5-17km from the gas discovery.



· Niebieszczany-1 discovery

o Well testing in progress by the Operator PGNiG;

o Flow rates from two separate zones 0.6 and 1 MMscf/d plus significant liquids; and

o Appraisal well proposed by PGNiG for 2012 after the final test results.



· Siekierki licence renewed for three years

o Block 207 Poznan East has been renewed up until February 12, 2015, enabling Aurelian to continue the appraisal of the Siekierki gas field and the Krzesinki gas discovery; and

o Block 208 renewal application has been submitted and it is expected that this will be approved shortly. This Block is prospective for Rotliegendes and Zechstein opportunities and is adjacent to the PGNiG-operated "Fences" concessions where a number of gas discoveries have been made.



· Update on Independent Review of the Siekierki Project

o Good progress being made on the review of the Siekierki Project;

o The TRACS AGR team have presented their initial conclusions in line with the 19th December target date and are now working on valuation, commercialisation and forward appraisal plans;

o Considerable insight has been gained in the last three months in understanding both the Siekierki reservoir and the Multi Fracced Horizontal Well ("MFHW") completions to explain the lower-than-forecast initial flow rates announced in September; and

o Final results will be announced at the end of January 2012 following incorporation of well test data of Krzesinki-1 into the analysis. The January update will include a full diagnostic assessment of the MFHW (T-2 & T-3), the implications for GIIP and ultimate recovery from the field. An update on commercialisation options for the gas discovered to date, as well as an updated appraisal plan and pathway to a new field development plan.



· A further 185 km of 2D seismic acquired across two surveys on operated licences in the Carpathian Thrust Fold Belt

o 95 km of 2D seismic acquired in Karpaty East in Poland to identify further potential drilling targets. A well is planned in 2012;

o 90 km of 2D seismic acquired in the oil-prone Cuejdiu licence in Romania seeking to mature for drilling at least one existing lead;

o This brings the 2011 Seismic program to a total of 972 km of 2D seismic and 120 km2 of 3D seismic successfully acquired on seven surveys across our Core Areas; and

o The acquisition of a further 268 km of 2D seismic is underway on our non-operated Bieszczady licence to take total block coverage to approximately 60%.



· Prospect Inventory update now complete and new CPR underway

o Updated prospect inventory now complete incorporating 1500 km of new 2D and 340 km2 of new 3D seismic acquired during 2010 and 2011;

o Independent consultants, RPS Energy ("RPS") have been engaged to produce a new Competent Persons Report ("CPR") and have begun review of the updated prospect inventory; and

o New CPR expected to be complete end February 2012.



· The Company will provide an updated Corporate Strategy in light of the revised Siekierki appraisal plan and new exploration prospect inventory at the end of January 2012.



Rowen Bainbridge, CEO of Aurelian commented:

"The past few months have been a busy time for the Company with recent discoveries on Krzesinki-1 and Niebieszczany-1 and 3 year extension to Block 207 taking the Company forward and bringing a positive end to the year. The success on Niebieszczany-1 and the potential of the Krosno resource play was a good outcome following the earlier problems with the drilling of the well. PGNiG are now looking to complete this as a producing field providing further upside on the Bieszczady blocks.



We have also made good progress on the root and branch review of our Siekierki project with TRACS AGR providing considerable insight into the field and the initial well results. Understanding and finding a solution to Siekierki is critical in terms of value creation and capital allocation. We plan to provide a full update on Siekierki by the end of January, a month later than originally planned but importantly this will incorporate the key well test information from Krzesinki-1 and commercialisation options for the gas discovered to date. At this time we will also provide an update on the Company's strategy in the light of the Siekierki findings and the updated exploration prospect inventory.



Outside of Siekierki, Aurelian has a funded, material exploration plan of up to 10 wells that runs well into 2013. The significant investment over the past two years and updated exploration prospect inventory will provide further significant growth opportunities for the company."


gibby - 30 Dec 2011 07:15 - 129 of 141

satisfactory end to the year

smiler o - 20 Jan 2012 11:39 - 130 of 141

4 January 2012
Aurelian Oil & Gas PLC
(“Aurelian” or “the Company”)
Award of two new Polish licences
Aurelian, the European focused E&P Company, is pleased to announce that it has been awarded two new licences by the Ministry of Environment in Poland.
 Award of New Concession in our Polish Carpathians Core Area
o Awarded 100% of the “Wetlina” concession in south-eastern part of Polish Carpathians, covering an area of 446km2;
o Close to Aurelian’s highly prospective Bieszczady concession in Poland, where the Company is currently testing the Niebieszczany-1 well, and adjacent to Aurelian’s Snina concession on the Slovakian side of the border;
o Undeveloped Wetlina gas discovery is within concession and two further structures identified with potential in-place resource estimated at 40 BCF and 25 MMBBL; and
o Work programme consists of studies in Year 1 and 14.3km 2D seismic acquisition in Years 2-3
 Award of New Concession in our Polish Permian Basin Core Area
o Awarded 100% of the “Prusice” concession in central Poland in the South Permian Basin, covering areas of 758km2; and
o “Prusice” concession, adjacent to San Leon’s Winsko licence, is believed to be prospective for the emerging Carboniferous Shale gas play.
o Work programme consists of studies in Year 1 and 100km 2D seismic acquisition in Years 2-3.
John Smallwood, Exploration Director said:
“These awards enhance our portfolio in each of our two Core Areas with attractive prospects to mature with low cost work programs and risk profiles. The presence of hydrocarbons is well-established both regionally and locally within each of the new concessions. In addition, our 100% equity position gives us control over the execution of the exploration programmes. Prusice also gives us low cost entry to an emerging shale gas play which aligns well with our technical and operational expertise. We will be looking to bring partners into both blocks to fund the work programs.” Also

http://www.aurelianoil.com/media/61712/presentation-announcement-jan-2012.pdf

smiler o - 25 Jan 2012 08:14 - 131 of 141

up from here ??

smiler o - 01 Feb 2012 08:21 - 132 of 141

Not for release, distribution or publication into or in the United States, Australia, Canada or Japan.



1 February 2012





Aurelian Oil & Gas PLC
("Aurelian" or "the Company")

"Unlocking Value through Technology"

Siekierki Project Update and Strategic Review

· Over the past four months the Company has conducted a comprehensive review of its assets.

· Key conclusions:

o Siekierki is an attractive project.1 The initial problems are now well understood and a clear plan forward has been developed.

o The funded exploration portfolio offers significant upside.

o The cash position at the year-end 2011 was €63 mm which allows the Company to carry out its planned exploration and appraisal activities for the next 18 months.

o However, unlocking the full upside within the Company is likely to require additional technical and financial resources.

· The Board believes that the value of the Company, its skills and its future opportunities are not fully reflected in the current share price.

· The Board has therefore appointed Greenhill & Co to review the Company's strategic options.

· This review will assess a wide range of options for the Company including the sale of assets, or the merger or sale of the Company.

· The Company will provide further updates in due course.

John Conlin, Chairman commented:

"The Board remains committed to maximise value for shareholders. The Board's decision to explore strategic options is, we believe, the best way to achieve this goal. The business review has shown that Siekierki remains an attractive gas resource project and that our exploration portfolio has material upside.

"Aurelian has created an attractive platform in Central Europe comprising a diversified portfolio of operated exploration and appraisal licences which is very difficult to replicate. We also have strong working relationships and in-country operating experience which will have strategic attraction to many parties."



Rowen Bainbridge, CEO commented:

"The insight that we have gained on Siekierki is an important step forward. We now know a lot more about this project and have a more precise and phased appraisal plan to capture its value. This understanding could only have come from the appraisal programme the Company executed over the past two years. The Company is a pioneer in unconventional gas in Poland and our experience is consistent with that of our peers, in that tight gas and shale plays take time to unlock. The strategic hypothesis of unlocking value through technology in oil and gas exploration and production in an energy-hungry part of the world remains intact."

smiler o - 02 Feb 2012 08:53 - 133 of 141

http://www.moneyam.com/action/news/showArticle?id=4302233RNS

RNS Number : 6686W
Oriel Securities Limited
02 February 2012

FORM 8.5 (EPT/NON-RI)



PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

smiler o - 09 Feb 2012 11:53 - 134 of 141

http://www.moneyam.com/action/news/showArticle?id=4306703

smiler o - 15 Feb 2012 10:01 - 135 of 141

RNS

http://www.moneyam.com/action/news/showArticle?id=4310001

smiler o - 20 Feb 2012 15:51 - 136 of 141

up 20 % today .... ;- ))

smiler o - 21 Feb 2012 10:39 - 137 of 141

up 9 % to day too in nice profit now :- )))))


Chart.aspx?Provider=EODIntra&Code=AUL&Si

machoman - 21 Feb 2012 13:17 - 138 of 141

It was time for profit taking for me at 24.50p

my statement earlier on somewhere else ..........
Profit taking going on after the sharp rise during the last couple days, was a bit weaker earlier on, but recovered to go higher, but now it seems is on the way down as order book got very weak 785K v 1.4M

Intraday High of 25p earlier, plenty of profit taking on the oils sector today

p.php?pid=staticchart&s=L%5EAUL&width=30p.php?pid=staticchart&s=L%5EAUL&width=56

machoman - 21 Feb 2012 17:41 - 139 of 141

Glad I did sell it finished 21p bid

allways sell on a good spike is the thing, 3 days of good rise, it did not happen for ages.

smiler o - 21 Feb 2012 19:02 - 140 of 141

AYE ITS BEEN A WHILE ;- )

smiler o - 30 Apr 2012 14:53 - 141 of 141

30 April 2012



Aurelian Oil & Gas PLC



("Aurelian" or "the Company")



Operational Update



Aurelian, the European focused E&P Company, is pleased to provide the following operational update.



· Sosna-1 spud 29 April 2012



o The Company's first exploration well in the Zechstein 'reef' oil play in the Torzym concession, Central Lowlands of Poland, was spud on 29 April with Nafta Pila Rig 7 (F-200);

o Targeting 35 mmbbls gross STOIIP, 3.1 mmbbls net recoverable to Aurelian;

o The well is planned for a total depth of 2500m and is expected to take approximately 50 days to drill with a cost €2.4 million net to Aurelian;

o Success on Sosna-1 would de-risk additional prospect & lead inventory currently mapped within the 220km2 Cybinka-Torzym 3D seismic survey carried out in 2010.



· Cybinka-Torzym Surface Geochemistry

o Fieldwork for the first phase of surface geochemical sampling on the Cybinka and Torzym concessions to detect micro-seepages of hydrocarbons over mapped prospects and leads is now complete and samples are being analysed.



· Award of New Concession in our Polish Permian Basin Core Area

o Awarded 100% of the "Kotlarka" concession in central Poland in the Southern Permian Basin, covering an area of 212.58km2;

o Work programme consists of studies in Year 1 and 50km 2D seismic acquisition in Years 2-3;

o Kotlarka is adjacent to the 500 BCF Bogdaj-Uciechow gas field and is prospective for the Rotliegendes and Zechstein plays.



· Brodina licence additional equity

o As previously advised, Europa Oil & Gas ("Europa") has withdrawn from the EIII-1 Brodina licence in Romania. Aurelian has agreed with continuing partner Romgaz to split the former Europa equity in order to move forward as a 50% Aurelian, 50% Romgaz Joint Venture, subject to NAMR (the Romanian regulator) approval. Under this agreement, Aurelian increases its equity share by 16.25% and Romgaz by 12.5%;

o The work programme for Years 1 and 2 of the extension on the Initial Exploration period has been fully completed, and Years 3 and 4 have now been entered with a reduced work program consisting of one well, 150km 2D seismic, geochemical sampling and passive geophysical surveying. The geological and geophysical surveys are currently being tendered and are expected to commence in Q2 2012.




John Smallwood, Exploration Director, commented;



"We are pleased to be demonstrating our operating capability with our first well to be fully managed internally, through our team in Krakow, and we look forward to results from the Sosna-1 wildcat exploration well in early July. The award of the Kotlarka concession and the increased interest in Brodina continue to demonstrate our active portfolio management process as well as our ability to secure acreage in this competitive arena."



Interests in Cybinka and Torzym are Aurelian Oil and Gas Poland Sp. z o.o. (45%) (Operator), S.N.G.N Romgaz S.A. (30%), and Sceptre Oil and Gas Limited (25%)



Interest in the new Kotlarka concession is Aurelian Oil and Gas Poland Sp. z o.o. (100%) (Operator)



Interests in the EIII-1 Brodina Concession Area were previously Aurelian Petroleum SRL (33.75%) (Operator), S.N.G.N. Romgaz S.A. (37.50%) and Europa Oil & Gas SRL (28.75%). The new interests will be Aurelian Petroleum SRL (50%) (Operator), S.N.G.N. Romgaz S.A. (50%), subject to NAMR approval.



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