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.


Name 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

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.

AYE ITS BEEN A WHILE ;- )

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.