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

Aurelian Oil & Gas plc
19 July 2007


Aurelian Oil & Gas PLC


Status of Trzek-1 Well, Polish Central Lowlands


Aurelian Oil & Gas PLC ('Aurelian'), the exploration and production company
focused on Central Europe, is pleased to announce that the Trzek-1 well, drilled
by its Polish subsidiary Energia Zachod Sp. z o.o., has reached a total depth of
3,935 metres within the Rotliegendes Formation.

Good gas shows were recorded during the drilling of the topmost 89 metres of the
Rotliegendes sandstone and two cores were taken within this reservoir section.
Electric logs have now been run and indicate good gas saturations in a
continuous sandstone sequence over this interval. Porosities are fair to
moderate, possibly slightly better than forecast, and permeabilities, although
relatively low, are in line with the expectations resulting from the studies
conducted by Aurelian on the earlier wells drilled into the Siekierki structure
by the Polish state company during the 1970s/1980s.

The Trzek-1 well was designed as a modern well to evaluate the three Siekierki
wells and Plawce-1 which were drilled in the 1970s/1980s to test the
Rotliegendes Formation along a large structural trend. These wells experienced
immense operational difficulties and there is good evidence to show that the
Rotliegendes sandstone reservoir, when encountered, was severely damaged by the
delays and the inferior quality of the drilling mud employed. Although there was
evidence of gas in all the wells, the electric logs were poor in quality and
inadequate for a proper evaluation of the reservoir. Furthermore, because of the
sub-standard mud quality and the relatively low permeability of the reservoir,
commercial flows of gas were not able to be achieved at that time.

As originally planned, the Nafta Pila drilling rig will now be released and a
fraccing crew brought in to conduct a test of the interval. This will probably
take place over approximately a 2-week interval in September. Further
announcements will be made when this testing is complete.

Energia Zachod Sp. z o.o. is a 90% subsidiary of Aurelian, with the remaining
10% by held by Avobone S.A.

Michael Seymour, Managing Director of Aurelian, commented

'The confirmation of a substantial gas column in Trzek-1 is very good news and
we are hopeful that, with effective modern fraccing technology, commercially
sustainable flow rates of gas can be achieved when we return in September. In
addition, plans are already being discussed for a 3-D seismic survey which we
would hope to commence before the end of the year (subject to crew availability)
to evaluate in more detail this extensive Siekierki structural trend.'

Looks ok Darradev, Esp if you got in at the 40p mark !! good luck :)

Many thanks to Smiler for starting this thread at my request. Been watching AUL since entry to AIM last year. Like the mix of lower risk production and higher risk exploration.

Comments welcome.

Darradev, I have done No research on this one, a bit busy at mo, How far along are they, is there any est on how much oil/gas they think they have found yet ? any prob's with the locals ? etc

Just done a bit of looking around, ! According to this, AUL is tipped in the IC:

Date : 20/07/2007 @ 07:23
Source : TFN


PRESS COMMENT
FT
THE LEX COLUMN UBS (calls for investment bank to be broken up, trading at
discount so sum-of-parts valuation); Man Group (Disappointing MF Global IPO
raises wider questions about the IPO market); Alitalia (future looks grim after
bidder for government stake pulls out); UK yield curve; Google (New services
need to turn into profitable businesses) - LONDON: AGA Foodservice (private
equity investors Edmund Truell declares 3 pct holding); WM Morrison (rumours
Morrison family looking to sell some of its 15 pct stake); Sports Direct
International (rumours considering bid for US rival Foot Locker)
Times
Rumour of the day: Kingston Communications (AGM this month, strong cash makes
it a tempting target for rivals) - Tiddler to watch: Freshwater UK (up since
Monday's float on heavy buying) - Tempus: WM Morrison (long-term investors hold
on, first time investors steer clear); Charles Taylor (worth a look); Dobbies
(hold on)
Telegraph
QUESTOR: Venture Production (hold); Colt Telecom (avoid)
Independent
THE INVESTMENT COLUMN: Great Portland Estates (hold); Colt Telecom (sell);
Dairy Crest (buy)
Guardian
Market Forces: Vislink (may be about to announce an acquisition, speculation of
private equity interest)
Express
Share whisper: Vislink (trading well, looking for US acquisition, received
private equity interest)
Mail
MARKET REPORT: Mitchells & Butlers (reports may return less cash than expected)
- Tiddler: Nostra Terra (floats on AIM today, options on six reserves, thought
to contain 26 mln barrels of oil)
Investors Chronicle TIPS - LARGE COMPANIES: CRH (buy), Chesnara (worth
buying), Premier Research (buy); TIPS - SMALLER COMPANIES: Aurelian Oil & Gas
(buy), Inland (buy), Powerflute (buy); TIPS - UPDATES: Allergy Therapeutics
(buy), Bateman Litwin (good value), FDM (buy), Huntsworth (buy), British Airways
(buy) - ALTERNEXT SHARES TO WATCH: Efront, ECT Industries - PLUS MARKETS SHARES
TO WATCH: Espro Information Technologies, Stockval Holdings

Aurelian Oil & Gas plc
23 July 2007



Aurelian Oil & Gas PLC


Results of Testing Well Arbore-1 and Future Drilling Operations in Northern
Romania


Aurelian Oil & Gas PLC, the exploration and production company focused on
Central Europe, announces that testing of its Arbore-1 well in Northern Romania
is now concluded. The well flowed gas from a thin Sarmatian sand at
non-commercial rates. This result was inconsistent with log data previously
gained and therefore the well is being further reviewed by the partners.

Interests in the Arbore-1 well were held : Aurelian Oil & Gas (Romania) SRL
33.75%
S.N.G.N. Romgaz
S.A. 37.50%
Europa Oil & Gas
Limited 28.75%

The next well to be drilled by the joint venture will be Boistea-1, located in
Cuejdiu Concession EIII-3. Drilling is likely to commence around the end of
August.

Michael Seymour, Managing Director of Aurelian, commented

'Aurelian will continue to review this well's potential. We have three further
wells planned, as operator, in our 2007 Romanian drilling campaign and are
hopeful for a better outcome in each of these subsequent wells.'

A slight set back !, but the good thing here is they have projects in four countries, Romania (4 blocks), Slovakia (3 blocks), Bulgaria (2 blocks) and Poland (2 blocks). I may take advantage if the sp takes a small slide !

Morning Smiler, bit dissapointing this morning but all part of the the ebb and flow of the news releases. This is part of a multi drill programme in Romania so might get some more positive news from there, later in the year.

As regards your comments about developments in post 5, the reasons I am interested in this particular stock is the mixture of production/near production and exploration balance in a low political risk area of central Europe. Also the fact that the drilling programme is funded for 2007 and 2008.

The Polish and Bulgarian exploration plans are key to significant growth potential. Trzek-1 well in Poland was the subject of a recent RNS and I believe testing will be carried out in September. A further 3 wells are planned for 2008. There should also be news about the Golitza-1 well in Bulgaria soon which spudded in April. This is with JKX Oil and Gas. As regards production, Romanian gas started to flow at the end of last year fromm Bilca, I believe at an initial rate of 4mmscfd, but could go to 5mmscfd with development works. Slovakia is still at the seismic stage with work planned for 2008.

Hope the brief summary is of interest/use.

Thanks Darradev, watching with interest, if I can get in around 45+p may have a punt , but seems to be holding up well !

Aurelian Oil & Gas plc
27 July 2007



Aurelian Oil & Gas PLC

27 July 2007

Conditional Award of New Concessions in Poland



Aurelian Oil & Gas PLC ('Aurelian' or the 'Company'), the exploration and
production company focused on Central Europe, is pleased to announce that, as a
result of the recent Tender Licensing Round conducted by the Ministry of the
Environment ('the Ministry') in Poland, Aurelian is to be awarded three new
areas in Poland.



The areas conditionally being awarded to the Company are:-


Blocks 202/222 (Cybinka); and
Blocks 203/223 (Torzym); and
Block 249 (Kalisz)





These blocks are located in central western Poland within the Zechstein/
Rotliegendes Basin, which extends westwards through Germany and Holland into the
prolific gas producing sectors of the Dutch and UK North Sea.



These awards are subject to agreement being reached with the Ministry on the
terms of the mining usufruct agreement and the grant to Aurelian of the relevant
concessions. It is understood that these concessions can be expected to become
operational before the end of 2007.



In each case, the work programme to be performed during the first three years of
the concession term will comprise seismic work, including 3-D acquisition in
Cybinka and Torzym.



Aurelian will be operator in all three of the awards. The percentage interests
in the joint venture in all three areas will be:-




Aurelian Oil & Gas (Poland) Sp. z o.o. (a 100% subsidiary of Aurelian) 50%
GB Petroleum plc 40%

Boshold BV (a 100% affiliate of the Indofin Group) 10%





Michael Seymour, Managing Director of Aurelian, commented

'These blocks are being conditionally awarded by the Ministry to the Aurelian
joint venture as the result of a competitive bidding round. Aurelian was
successful despite competition from other companies. We consider these blocks to
be highly prospective and, together with our nearby Poznan East blocks, where we
have recently announced encouraging results from the Trzek-1 well, and the
Bieszczady blocks in southeast Poland, where we are partners with POGC, we now
hold a top class spread of very prospective concessions in Poland. We look
forward to being in a position to commence work on these new blocks.'



Enquiries:

If there is oil (or gas) in dem thar hills, Aurelian should find it. If not...

Aurelian Oil & Gas plc
03 September 2007



Aurelian Oil & Gas PLC

Boistea-1 well spudded in Romania



Aurelian Oil & Gas PLC ('Aurelian'), the exploration and production company
specialising in Central Europe, is pleased to announce that its wholly owned
Romanian subsidiary Aurelian Oil & Gas (Romania) SRL has commenced the drilling
of the Boistea-1 well of Block EIII-3 (Cuejdiu) in Romania.



Boistea-1 is the third of five exploration wells being drilled this year by
Aurelian in its five concessions in Romania and is programmed to 2,400 metres to
test Sarmatian sands, the reservoir producing gas in the Bilca fields in its
block to the north, Block EIII-1 (Brodina). The well is anticipated to take 35
days to reach total depth.



Interests in the Boistea-1 well are:

Aurelian (Operator) 45.00%
S.N.G.N. Romgas S.A. 37.50%
Europa Oil & Gas Limited 17.50%



3 September 2007

Aurelian Oil & Gas plc
20 September 2007



Aurelian Oil & Gas PLC

Trzek-1


Aurelian Oil & Gas PLC ('Aurelian' or the 'Company'), the exploration and
production company focused on Central Europe, is pleased to announce the updated
schedule for the testing of Trzek-1 in Poland. A work-over rig has been secured
and a contract for fraccing concluded with Halliburton . The testing is to
commence in late October and is expected to last some 14 days and will be
followed by a shut-in period of a similar duration. The delay, in the arrival
of the work-over rig at Trzek-1, has arisen as a result of the late release of
the work-over rig from its current location.

As announced on 19 July, Trzek-1 encountered a gross column of 89 metres of gas
in the Permian Rotliegendes Formation. In common with the four wells drilled on
this significant Siekierki structural trend by the state company in the 1970s/
1980s, the section shows acceptable porosities, although with relatively low
permeability. The testing programme has been designed to establish the
commercial potential of the Siekierki structure.


Further announcements will be made as appropriate information from the testing
becomes available.



20 September 2007



Enquiries:


Aurelian Oil & Gas 020 7629 7986
Michael Seymour, Managing Director
Frank Jackson, Commercial Director

Nabarro Wells & Co. Limited 020 7710 7400
Richard Swindells

College Hill 020 7457 2020
Nick Elwes
Paddy Blewer




www.aurelianoil.com




REVIEW BY QUALIFIED PERSON

The technical information and opinions contained in this announcement have been
reviewed by Roy Hartley B.Sc (Hons)(Imperial College), FEI, FGS, C.Eng,
Aurelian's Operations Director who has over 30 years' experience in the oil
exploration and production industry. He has consented to the inclusion herein of
such technical information and opinions.



Notes to Editors:

Aurelian Oil & Gas PLC, was founded in December 2002, by current Managing
Director, Michael Seymour. The Company's strategy is to explore for, appraise,
develop and produce oil and natural gas reserves in Central Europe. The company
has operations in Poland, Slovakia, Romania and Bulgaria and is currently
participating in five wells.

Aurelian Oil & Gas plc
26 September 2007

Aurelian Oil & Gas PLC

Interim Report 2007


Aurelian Oil & Gas, the exploration and production company focused on Central
Europe, is pleased to issue its interim review and the unaudited results for the
six months to 30 June 2007.

Highlights

Confirmation of a significant gas column in the Trzek-1 well on the
Siekierki structural trend in Poland

Drilling of Golitza-1 well, Bulgaria now approaching the Triassic Bunter
objective zone

Three new concession areas (Cybinka, Torzym & Kalisz) conditionally
awarded in Poland as a result of a competitive licensing round

A joint venture in southeast Poland (Bieszczady) with POGC

Acquisition of additional percentage interests in our existing concessions
in Romania

The Boistea-1 well currently drilling ahead on the Cuejdiu concession,
Romania

Geological field work completed in Slovakia


Outlook

Test results from Trzek-1 well

Drilling results from Golitza-1 and Boistea-1

Further extensive drilling programme planned in Romania, including the
Voitinel prospect in the first half of 2008

Further seismic to be acquired on Polish and Slovakian concessions within
the next twelve months


Michael Seymour, Managing Director of Aurelian, commented:

'This has been a period of intense activity during which we have drilled four
wells, and have four more either being drilled or due to be drilled before the
year-end. Trzek-1 has established a significant gas column and we await the
results of testing in late October. We have also made successful applications
for three new licences and completed three acquisitions.

This extensive programme for exploration and acquisitions is set to continue in
the coming year, as we prepare more wells for drilling and work over our newly
acquired concessions to prove up the value that we believe is inherent in our
portfolio.'


26th September 2007


Enquiries:

Aurelian Oil & Gas Today: 020 7457 2020
Michael Seymour, Managing Director Thereafter: 020 7629 7986
Frank Jackson, Commercial Director

College Hill
Nick Elwes 020 7457 2020
Paddy Blewer

Nabarro Wells
Richard Swindells 020 7710 7400



www.aurelianoil.com




CHAIRMAN AND MANAGING DIRECTOR'S REVIEW

Introduction

This period has been the most intense in terms of exploration activity since our
foundation. We are in the middle of an eight well drilling campaign. The
existence of a substantial gas column has been established in our Trzek-1 well
in Poland. We have increased our interests in some of our Romanian operated
joint ventures and acquired interests both there and in Poland through
successful participation in licensing rounds and farm-in agreements.

Results

The Company generated an operating surplus of 640,000. After exploration costs
and administrative expenses, the loss before tax for the six months was
704,000.

The Company has 37 million cash in hand as at 18 September 2007. This is
sufficient to fund our exploration programme until the end of 2009 on a dry well
basis.


Operational Highlights


Licence Interest Operator

Poland
Poznan East Blocks 90% Aurelian
Bieszczady 25% POGC
Cybinka, Kalisz and Torzym 50% Aurelian

Romania
Bilca Gas Production Unit 62.5% Aurelian
Brodina Block EIII-1 33.75% Aurelian
Cuejdiu Block EIII-3 45% Aurelian
Bacau Block EIII-4 82.5% Aurelian
Suceava Block EIV-1 50% Aurelian
Brates Block EI-3 (East) 6.8% Europa
(with option to increase to 27.25%)

Bulgaria
B-Golitza & B1-Golitza 50% JKX

Slovakia
Svidnik, Medzilaborce and Snina 100% Aurelian

Aurelian Oil & Gas plc
02 November 2007


Aurelian Oil & Gas PLC

Gas Discovery in Boistea 1, Romania

Aurelian Oil and Gas PLC announces the results of the Boistea well drilled in
the Cuejdiu Concession in Romania, where the Company is operator and holds a 45%
working interest.

The well was drilled to a total depth of 2,295 metres and encountered a series
of thin gas bearing Sarmatian sands in the interval 1700 to 1800 metres. After
electric logging and a series of pressure measurements, it has been decided to
complete the well to allow a long term flow test of the interval 1783 to 1785
metres. After the completion, the drilling rig will be demobilized and the flow
test will be conducted in November or December.

Partners in the Cuejdiu joint venture are:-

Aurelian Oil & Gas Romania S.R.L. 40.00%
S.N.G.N. Romgaz S.A. 37.50%
Europa Oil & Gas S.R.L. 17.50%
Millennium International Resources Corporation (wholly owned by Aurelian) 5.00%


Michael Seymour Aurelian's Managing Director commented:

'The results of the well are encouraging and, dependent upon the flow test, may
lead to commercial production. This was the first well drilled by the group on
the Cuejdiu block and highlights the Sarmatian potential in the eastern part of
the block.

This result from the Sarmatian in this eastern part is excellent news. In
addition the joint venture had already singled out the potential of the western
part of the block for deeper targets and a seismic survey will be undertaken in
2008 to identify possible targets for drilling in that area.

Thanks Smiler.

Positive start to the drilling on this block. Need to get commercial flow results and this should lift the SP further. Have not been keeping an eye on this one for a while, having moved on earlier in the year. Will need to do some research update.

RNS Number:9418H
Aurelian Oil & Gas plc
19 November 2007


Aurelian Oil & Gas PLC



Successful testing of Trzek-1, Poland



Aurelian Oil and Gas PLC, on behalf of Energia Zachod Sp. z o.o, its 90% owned
Polish subsidiary, announces the initial results of testing its Trzek-1 well in
Central Poland.



Highlights:



* Gas column of 89 meters discovered

* Confirmation of potentially commercial flow rates:
- Initial short term flow rates up to 215,000 m3/d, then on restricted flow of
71,000 m3/d.

* Well now shut in for two week period to build up pressure

* Intention to install, in 2008, processing facilities to enable long term
production testing

* Gas produced from long term production test is expected to be sold

* 3D seismic survey planned over Siekierki structural trend, commencing no
later than January 2008, to provide greater definition of the structure

Further drilling planned; a potential follow-up location in the
southeast of the trend is also being considered for drilling in 2008.





The well was drilled earlier this year to a depth of 3,935 metres. A gas
column of 89 metres, coinciding with gas shows recorded during drilling, was
logged in Rotliegendes sandstones and confirmed by pressure data. The rig was
released on 29 July to await testing using a workover rig and fraccing crew.



The interval (3,652 metres to 3,657metres total vertical depth was perforated
and then fracture stimulated on 1 November. Pinnacle Technologies was
responsible for treatment design and Halliburton carried out the stimulation
treatment.



The well initially flowed at short term rates up to 215,000 m3/d (7.6 MMscf/d).
The rate was then restricted to 71,000 m3/d (2.5 MMscf/d) at a wellhead pressure
of 73 bar (1060 psi) to restrict production of underlying water. As anticipated,
the gas contains 12.8% nitrogen, a normal quantity for this region. Gas flow was
continued until 17 November and the well is now shut in for a two-week pressure
build-up.



The stabilized flow rate and pressure data indicate that the well is capable of
producing gas in sufficient volume to supply an existing sales point 4.3
kilometres from the well. Subject to full analysis of the test data and the
granting of the necessary consents by relevant authorities, it is intended to
install processing facilities in the course of 2008 to allow a long term
production test with sale of the produced gas. This test will provide valuable
information on long term reservoir response.



The Siekierki structural trend is a large feature, approximately 25 kilometres
long and extending under the eastern suburbs of Poznan, Poland's third largest
city. A 3-D seismic survey over the whole trend is now planned to start no
later than January 2008. This survey will provide greater definition of the
Siekierki feature. Further drilling, which may involve horizontal legs and
multiple fracs, will follow the full integration into the data base of the
results of this survey. A possible follow-up location in the southeast of the
trend is also being considered for drilling in 2008.



Energia Zachod Sp. z o.o is a 90% subsidiary of Aurelian, with the remaining 10%
held by Avobone NV.




The technical information and opinions contained in this announcement have been
reviewed by Roy Hartley B.Sc (Hons) (Imperial College), FEI, FGS, C.Eng,
Aurelian's Operations Director who has over 30 years' experience in the oil
exploration and production industry. He has consented to the inclusion herein of
such technical information and opinions.





Michael Seymour Aurelian's Managing Director commented:



"These test results are highly significant for us. The drilling of this first
well on the Siekierki trend for over 20 years has been central to Aurelian's
development since inception and it is very pleasing to report its success.



The confirmation of potentially commercial flow rates now triggers immediate
plans for putting Trzek-1 onto long term production test and we are confident
that we will be able to sell the gas produced. A contract for the 3-D seismic
survey is also expected to be signed within the next month. We already have an
option on a rig slot for a follow-up well, with serious consideration being
given to early drilling.



These initial results are encouraging and we look forward to updating further on
Trzek as the work programme develops."

Aurelian Oil & Gas plc
21 November 2007



Aurelian Oil & Gas PLC



Spudding of Dornesti-1. Romania Suceava Block EV-1

Aurelian Oil and Gas PLC, on behalf of Aurelian Oil & Gas Romania S.R.L., its
100% owned Romanian subsidiary, announces that the Dornesti-1 well on the
Romanian Suceava EV-1 permit was spudded on 18 November.


The well is a shallow Sarmatian test estimated to reach total depth in 15 days.


Partners in the Suceava Block are :
Aurelian Oil & Gas Romania S.R.L. 50% (Operator)
Regal Petroleum PLC 50%





Michael Seymour Aurelian's Managing Director commented:


'This is the first well drilled by Aurelian on this block and the seventh well
in which we have participated this year One further well is planned to spud in
the remainder of the year'

Aurelian Oil & Gas plc
14 December 2007



Aurelian Oil & Gas PLC

Trzek-1, Poland



Aurelian Oil and Gas PLC, on behalf of Energia Zachod Sp. z o.o, its 90% owned
Polish subsidiary, announces further results of the testing of its Trzek-1 well
in Central Poland.



Since the earlier announcement of the test on 19th November 2007, the well has
been shut in to monitor pressure build-up. The well was flow tested for 10 days
and then shut in for a 15-day reservoir pressure build up. Pressure gauges were
retrieved on the 3rd December. Interpretation has shown no evidence of reservoir
boundaries or depletion during the test period.



As mentioned in the earlier announcement, the forward programme will be to set
in motion the plans for putting the Trzek-1 well on long-term production test
and, at the same time, to conduct 3-D seismic work over the whole of the
Siekierki structural trend. The contract for a 287 sq kms survey over the whole
area of the trend is currently being finalized with Geofizyka Krakow and will
commence in January.



A further update on the progress of the project will be made before the end of
January.



(Energia Zachod Sp. z o.o is a 90% subsidiary of Aurelian, with the remaining
10% held by Avobone S.A.)





Michael Seymour Aurelian's Managing Director commented:



'Following the successful testing of Trzek-1, work has progressed rapidly to
analyse the data and expedite the project. We are pleased to be working again
with Geofizyka Krakow who conducted the 2-D survey which led to the drilling of
the Trzek-1 well. It is positive that the survey can be mobilised so rapidly.



The Siekierki structural trend, upon which the Trzek-1 well was located, extends
from the suburbs of the city of Poznan for some 25 kms southeastwards to the
southern border of our concession area. With 89 metres of gas column and the
potential to identify locations higher than Trzek-1 along the trend, it is clear
that substantial gas volumes can be anticipated. Modelling shows that horizontal
wells should have the ability to produce gas at rates an order of magnitude
greater than vertical ones. This will be an exciting project for Aurelian and
one for which we have the technical and in-country expertise to develop
successfully.'





The technical information and opinions contained in this announcement have been
reviewed by Roy Hartley B.Sc (Hons) (Imperial College), FEI, FGS, C.Eng,
Aurelian's Operations Director who has over 30 years' experience in the oil
exploration and production industry. He has consented to the inclusion herein of
such technical information and opinions.

LONDON (Thomson Financial) - Aurelian Oil & Gas PLC said it has encountered gas at the Suceava block in Romania.

It found a 17-metre gas column in the Dornesti Sud-1 well which flowed at a rate of 880,000 standard cubic feet gas per day. Flow rates could potentially rise to about 2.8 mln standard cubic feet a day, it said in a drilling statement.

'The well has been completed as a production well and efforts will be directed to tieing it in during 2008 to the Bilca Gas Plant, operated by Aurelian on its adjacent Brodina Block EIII-1 concession,' it said.

Aurealian is the operator of the field with a 50 pct stake, while Regal Petroleum PLC holds the remaining 50 pct.