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

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Aurelian Oil & Gas PLC




Results of Well Fratauti-2, Bilca Gas Project, Brodina Concession, Romania




Highlights:




Fratauti-2 completed as a gas production well

Well will be tied into the Bilca production facilities

Production expected to start in September 2008 at a rate of 3 million scf/d

Rig will now move to drill Viscani-1 exploration well




Aurelian Oil and Gas PLC ('Aurelian' or 'the Company') announces on behalf of its wholly owned Romanian subsidiary and its partner SNGN Romgaz S.A. that the well Fratauti-2, spudded on 6 June, has been completed as a gas production well.




Fratauti-2 is located approximately 800 metres from Fratauti-1, one of three separate gas accumulations producing gas into the Bilca Facilities. It was drilled to appraise the B sand seen in Fratauti-1 where 2.4 metres of net sand was encountered. Subsequent analysis showed Fratauti-1 to have encountered the edge of the B sand gas accumulation close to the gas/water contact and provided the justification for further appraisal.




A gas column of 11.6 metres and net pay of 5 metres were encountered at a reservoir depth of 605 metres in the B sand in Fratauti-2. It has been tested at rates up to 3.7 million scf/d at a wellhead pressure of 40 bar. The well will now be tied into the flow line taking gas from Fratauti-1 to the Bilca production facilities and is expected to be producing in September 2008. Fratauti-1 produces gas from the C sand and the B sand has not been produced in that well.




The rig will now move to drill the Vicsani-1 exploration well, located approximately 200 metres from the pipeline between Fratauti and Bilca. The well has been planned to test a Seismic anomaly in the Sarmatian sands and is anticipated to spud on or around 14 July.




Percentage interests in the Fratauti-2 and Vicsani-1 wells and the Bilca gas project are: Aurelian (operator) 62.5%, Romgaz 37.5%.




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:



'We are very pleased that the first well in the 2008 4-well programme has been successful and will increase gas sales through the Bilca production facilities. Production from the existing three wells is also about to be boosted as a result of the installation of compression and success with the Vicsani well could add further value to the project.'




1 July 2008

seems as though good news does nothing for this share

Very Little ... Maybe when markets improve ??

RNS Number : 0403Z
Aurelian Oil & Gas plc
15 July 2008



Aurelian Oil & Gas PLC

Commencement of Well Vicsani-1, Brodina Concession, Romania

Aurelian Oil & Gas PLC ('Aurelian' or 'the Company') announces on behalf of its wholly owned Romanian subsidiary and its partner SNGN Romgaz S.A. that the well Vicsani-1 was spudded on 14 July.

Vicsani-1 is located 2 kilometres from the Bilca Gas Processing Facilities and is being drilled to a depth of 670 metres to evaluate the Sarmatian sands, the reservoir of the Bilca group of fields.

Percentage interests in the Fratauti-2 and Vicsani-1 wells and the Bilca gas project are: Aurelian (operator) 62.5%, Romgaz 37.5%.

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.

Aurelian Oil & Gas PLC




Results of Well Vicsani-1, Brodina Concession, Romania




Highlights:

Vicsani-1 established presence of a 12.5 meter gas column and is being completed as a gas production well

The well will be tied into the Bilca production facilities

Production is expected to start in November 2008 at a rate of 1.5 million scf/d (50 kNm3/d)

Aurelian will now move on to drill the Lilieci-1 exploration well on the Bacau concession




Aurelian Oil and Gas PLC ('Aurelian' or 'the Company') announces on behalf of its wholly owned Romanian subsidiary and its joint venture partner, SNGN Romgaz S.A., that Vicsani-1, spudded on 13th July, has been successfully completed as a gas production well.




The well tested a Sarmatian sand in the interval 433m to 445.5m, and flowed gas at rates up to 3.1 million scf/d (84 kNm3/d) at a wellhead pressure of 21bar. Production logs showed that the gross gas column of 12.5m contributed to flow. It is expected that regulatory approvals will be obtained to tie-in both Vicsani-1, at a rate of 1.5 million scf/d, and the recently drilled Fratauti-2 to the Bilca Gas Plant in November 2008.




Recent severe weather and flooding in the region has severely damaged roads and bridges including the flowline from Fratauti-1 to the Bilca Gas Plant which will be used to produce the two wells. The flowline has now been repaired with production re-commencing within 5 days of rupture. The replacement of eroded soil and strengthening of the flowline will continue for some weeks.




Percentage interests in the Vicsani-1 and Fratauti-2 wells and the Bilca gas project are: Aurelian (operator) 62.5%, Romgaz 37.5%.




Vicsani-1 was the second of Aurelian's four-well drilling programme. The third, Lilieci-1, is expected to spud during the week of 18th August. This is a deeper Sarmatian test well with a planned total depth of 2,890m and is located in the northeast of the Bacau concession, with the Roman-Secueni gas field, which has produced over 850 Bscf from the same reservoir, just 7 km to the north across the block boundary. The well is expected to take 85 days to drill and test. Results are expected to be available in November.







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, Aurelians Managing Director, commented:

Our Romanian drilling campaign this year of four wells back-to-back has got off to the perfect start with the first two establishing commercial gas and expected to be on production during the fourth quarter of this year. With compression currently being installed to boost the production from the first three fields, which have already been in production for two years, we can expect that, by the end of the year, production rates will be substantially higher than a year ago.

The next six months will be an exciting time for Aurelian when we will be drilling the third and fourth wells of our campaign, Lilieci-1 and Voitinel-1 respectively, which represent much larger prospects.


5 August 2008

Enquiries:

RNS Number : 7652B
Aurelian Oil & Gas plc
21 August 2008






Aurelian Oil & Gas PLC




Commencement of Well Lilieci-1, Bacau Concession, Romania







Aurelian Oil and Gas PLC ('Aurelian' or 'the Company') announces on behalf of its wholly owned Romanian subsidiary and its partners, SNGN Romgaz S.A. ('Romgaz') and Europa Oil & Gas S.R.L. ('Europa'), that the well Lilieci-1 was spudded on 19 August.




Lilieci-1 is located in the northeast of the Bacau concession, approximately 10 km from the Roman-Secueni gas field, operated by Romgaz. It is reported that, up to the end of 2004, Roman-Secueni had produced 850 bcf. Lilieci-1 will be evaluating the same Sarmatian sand reservoirs as are productive in Roman-Secueni.




The well is programmed to a total vertical depth of 2,891 metres, although it will be slightly deviated from the surface location, the selection of which was restricted due to local habitation and the terrain. It is anticipated that the operation will take approximately 90 days.




Following completion Percentage interests in the Lilieci-1 well will be: Aurelian (operator) 41%, Romgaz 40% and Europa 19%.




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.




21 August 2008

RNS Number : 7649H
Aurelian Oil & Gas plc
10 November 2008







Aurelian Oil & Gas PLC
('Aurelian' or the 'Company'),




10 November 2008

Farm out of Poznan Concessions

Agreement signed for farm out of a 40% interest in the Poznan concessions to Canamens Energy Limited ('Canamens')




Canamens to meet 80% of the costs of Aurelian's current 90% share of a work programme up to a maximum consideration of 40 million




Work programme planned to include two horizontal fracced wells and the installation of gas production and pipeline facilities




Aurelian to retain management responsibility and 50% interest in the Poznan Concessions ('the Concessions').




Aurelian is pleased to announce that it has signed an agreement with Canamens under which Canamens will farm in to earn a 40% interest in the Poznan Concessions (including the Siekierki gas project) by meeting 80% of the total cost of a defined work programme up to a maximum investment of 40 million. Aurelian will bear 10% of the cost of the programme and retain a 50% interest. The work programme is planned to include the cost of two horizontal fracced wells and the installation of gas production and pipeline facilities for long term testing of the two new wells. Canamens will have the right at certain stages in the programme to terminate their obligation to meet Aurelian's costs by reducing their interest.

Canamens is a private equity funded upstream oil and gas company. Its aim is to acquire assets with existing or near-term production opportunities, with field development and exploration potential where it can add real value through its industry experience and through its relationship with leading industry service providers. Sector Asset Management and Goldman Sachs are its two principal investors.

The introduction of Canamens will provide both technical expertise and experience to the development of the Siekierki project and the funds which Aurelian requires to take it through the forthcoming appraisal and initial development phases.

As a result of the restructuring, the beneficial interests held in Energia Zachod Sp. z o.o. ('EZ') (Aurelian's Polish affiliated company owning the Concessions), and therefore in the Siekierki Project, will be, Aurelian 50%, Canamens 40% and Avobone N.V. 10%. The Aurelian group will continue to be responsible for providing EZ with the staff and support to enable it to fulfil its role as Operator of the Project.

Michael Seymour, Managing Director of Aurelian, commented:

'We are particularly pleased to have been able to negotiate this agreement in these difficult markets. This farm out should secure sufficient funding to take this project to the next commercial stage of its development. Thereafter subject to positive results of the long term test, this project will move into full commercialisation with gas being sold into the high pressure system of the Polish market.'

Greg Coleman, Chief Executive Officer of Canamens said:

'We welcome the opportunity to make this investment in a major gas development in Poland which is in line with our strategy and provides tangible value with identifiable upside for the benefit of Polish consumers of natural gas as well as investors in the project. We are pleased to be associated with the Aurelian team which has demonstrated its ability to identify major potential resources and develop them.'

RNS Number : 2591N
Aurelian Oil & Gas plc
13 February 2009






Aurelian Oil & Gas PLC

('Aurelian' or 'the Company')




Test results from onshore Romanian gas discovery




Highlights:




Test production at rates of up to 4.6 million standard cubic feet per day

Probable commercial discovery across multiple producing zones

Well to be completed in three zones for long term test




Further to its operational update on 19 December 2008 which confirmed that the sands in the Lilieci-1 well, onshore Romania, were gas bearing, Aurelian is pleased to announce test results from the well.




Lilieci-1 was drilled as a deep test of the Sarmatian gas play in the EIII-4 Bacau Concession along the eastern front of the Carpathians. Potential reservoir horizons consisted of sand bodies trapped within a background lithology of claystones. The well encountered a thick over-pressured section with high gas readings between 1,750 metres and total depth at 2,980 metres. Definition of net pay with wireline tools proved difficult because of their limited resolution. Consequently two flow tests covered a number of sands and production logging was then used to delineate pay zones.




A test of 31 metres of perforations in four separate sands in the interval between 2,412 metres and 2,584 metres flowed gas at rates up to 122 thousand normal cubic metres per day (4.6 million standard cubic feet per day) at a wellhead pressure of 165 bar.




Production logging measurements indicated that 10 metres of perforations in three sands produced dry gas. The well is being completed in these three productive zones to allow a long term test.




The other test of 24 metres of perforations in two sands in the interval between 2,846 metres and 2,915 metres only recovered minor amounts of gas and condensate with water. This zone is not commercial.




Aurelian will be appraising Lilieci with its partner, Romgaz, operator of the 850 billion cubic feet Roman-Secueni gas field some 7 kilometres to the north. Further step-out options available include sidetracking the current well to test the extent of the productive sands encountered in Lilieci-1 and to evaluate potential deeper targets. The possibility of drilling an appraisal well is also being considered.




The partners in the Lilieci-1 well are Aurelian (operator) 41%, Romgaz 40% and Europa Oil & Gas plc ('Europa') 19%. Under the terms of an agreement between Aurelian and Europa under which Aurelian has paid a proportion of Europa's share of the well costs, Europa now has 60 days to elect whether to participate in the appraisal and development of the Lilieci discovery or to assign its interest in the discovery to Aurelian. If it elects to participate, Europa will pay Aurelian a sum currently estimated at 4.5 million for the aggregate of its unpaid share of the well costs and an agreed premium.




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 40 years of experience in the oil exploration and production industry. He has consented to the inclusion herein of such technical information and opinions.




Michael Seymour, Managing Director commented,




'Lilieci-1 is our third successive successful well in Romania, following Fratauti-2 and Vicsani-1 in the Brodina EIII-1 concession. The flow rates and net pay on test indicate that we can expect to develop it as a commercial discovery.




The well is our first well in the Bacau concession and highlights the general potential of the block. It particularly focuses attention on the potential of our two other strong leads, Schineni and Siretu which are close to Lilieci and, like Lilieci, on the outskirts of Bacau, an important industrial city of some 200,000 population.'

RNS Number : 0768U
Aurelian Oil & Gas plc
17 June 2009



Aurelian Oil & Gas PLC

('Aurelian')

Wednesday 17 June 2009




Notification of major interests




Aurelian announces that, following completion of its placing of 96,760,349 new ordinary shares at 12 pence per share on 15 June 2009 and the consequent increase in total voting rights in the Company to 232,361,811 shares, it has received notices of the following discloseable interests:

New article, click HERE

RNS Number : 1353V
Aurelian Oil & Gas plc
06 July 2009



Aurelian Oil & Gas PLC

('Aurelian' or 'the Company')




Update on Lilieci-1, Bacau Concession, Romania







Aurelian is pleased to announce that the further testing of its Lilieci-1 well, announced as a discovery on 13 February 2009, has been successfully completed.




Lilieci-1 evaluated a large number of Sarmatian-age sands over an interval of some 1,250 metres. Gas shows were evident throughout the section down to total depth and four sands between 2,412 and 2,584 metres flowed gas upon test at rates up to 122 thousand m3/d (4.6 million scfd). Post well evaluation has indicated that additional target sands exist in the section just below the well's total depth of 2,980 metres.




Only one of the Sarmatian sandstone zones tested in February was subjected to further testing. This zone was flowed for four days at rates up to 55 thousand m3/d (1.6 million scfd). Other gas-bearing sands encountered in the well were not tested on this occasion. The objective was to prove up a minimum quantity of gas to justify investment in a long term production test, during which the gas would be sold. This objective has been achieved.




Romgaz has recently made a gas discovery, Berbeceni-1, to the east of the Bacau concession in the same play as Lilieci-1. This play now appears to have potential for substantial gas production with Romgaz about to test it again with the Bogdanesti-1 well. This well will shortly be drilled close to the Bacau concession boundary and on a trend that includes Lilieci-1 and also Aurelian's Schineni and Siretu prospects. The results of the well will clarify their prospectivity and narrow the options for progressing the Lilieci-1 discovery.




The partners in the Lilieci-1 well are Aurelian (operator) 41%, Romgaz 40% and Europa Oil & Gas plc ('Europa') 19%. Under the terms of an agreement between Aurelian and Europa under which Aurelian has paid a proportion of Europa's share of the well and testing costs, Europa will have a short period in which to elect either to participate in the appraisal and development of the Lilieci discovery or to assign its interest in the discovery to Aurelian. If it elects to participate, Europa will pay Aurelian a sum currently estimated at 6.0 million comprising the aggregate of its unpaid share of the well costs and an agreed premium.




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 40 years of experience in the oil exploration and production industry. He has consented to the inclusion herein of such technical information and opinions.




Michael Seymour, Managing Director of Aurelian Oil & Gas commented

'The northern part of the Bacau concession now looks very interesting. Success for Romgaz with Bogdanesti-1 would encourage us to drill Schineni and Siretu and provide us with further insight for planning the development of our Lilieci discovery.'

Tuesday 8 September 2009




Aurelian Oil & Gas PLC

('Aurelian' or 'the Company')




Appointment of Chief Financial Officer




The board of directors of Aurelian ('the Board') is pleased to announce the appointment of Mark Reid to the Board as Chief Financial Officer of Aurelian. The appointment will take effect from 21 September 2009.




Mark, aged 41, has over twenty years of experience in investment banking and financial services. He joins Aurelian from the London office of BNP Paribas Fortis where he was Head of Oil and Gas. Mark has also held senior positions in the Oil and Gas team at National Australia Bank and in Ernst & Young's Corporate Finance division where he spent eight years providing M&A and corporate finance services to clients globally.




Mark's appointment is a further indication of the priority being given by Aurelian to the commercialisation of its resource position through the conversion of current exploration and appraisal assets to bookable reserves and development projects. The development of the cornerstone Siekierki tight gas accumulation in Poland is key to this process.




Mark is both a member of the Institute of Chartered Accountants of Scotland and a Fellow of the Chartered Association of Certified Accountants. He holds an MBA (Distinction) from Strathclyde University and is a Member of the Securities Institute.




There are no further disclosures required under Schedule 2(g) of the AIM Rules for Companies.




Rowen Bainbridge chief executive officer of Aurelian said:




I am delighted that Mark is joining Aurelian. He does so at an important and exciting stage in the company's development as its projects move to the execution phase. He brings with him a deep understanding of the E&P sector and of the capital markets. He will play a key role in ensuring that the company's ambitious growth plans are funded and that our financial management and discipline is maintained. His appointment represents a further step towards our plan to strengthen and sharpen the focus of the senior management team and Board'.




David Prior chairman of Aurelian said:




The appointment of Rowen Bainbridge as CEO in July and now Mark Reid as CFO means that Aurelian now has a first class executive management team. With Michael Seymour and the existing, staff, this team now has all the necessary project management, commercial, risk management and financial skills and expertise to ensure that the full value of the company's attractive and highly prospective portfolio of oil and gas assets in central Europe is realised for the benefit of shareholders. I am very confident about the future.'

Tuesday 8 September 2009




Aurelian Oil & Gas PLC

('Aurelian' or 'the Company')




Appointment of Chief Financial Officer




The board of directors of Aurelian ('the Board') is pleased to announce the appointment of Mark Reid to the Board as Chief Financial Officer of Aurelian. The appointment will take effect from 21 September 2009.




Mark, aged 41, has over twenty years of experience in investment banking and financial services. He joins Aurelian from the London office of BNP Paribas Fortis where he was Head of Oil and Gas. Mark has also held senior positions in the Oil and Gas team at National Australia Bank and in Ernst & Young's Corporate Finance division where he spent eight years providing M&A and corporate finance services to clients globally.




Mark's appointment is a further indication of the priority being given by Aurelian to the commercialisation of its resource position through the conversion of current exploration and appraisal assets to bookable reserves and development projects. The development of the cornerstone Siekierki tight gas accumulation in Poland is key to this process.




Mark is both a member of the Institute of Chartered Accountants of Scotland and a Fellow of the Chartered Association of Certified Accountants. He holds an MBA (Distinction) from Strathclyde University and is a Member of the Securities Institute.




There are no further disclosures required under Schedule 2(g) of the AIM Rules for Companies.




Rowen Bainbridge chief executive officer of Aurelian said:




I am delighted that Mark is joining Aurelian. He does so at an important and exciting stage in the company's development as its projects move to the execution phase. He brings with him a deep understanding of the E&P sector and of the capital markets. He will play a key role in ensuring that the company's ambitious growth plans are funded and that our financial management and discipline is maintained. His appointment represents a further step towards our plan to strengthen and sharpen the focus of the senior management team and Board'.




David Prior chairman of Aurelian said:




The appointment of Rowen Bainbridge as CEO in July and now Mark Reid as CFO means that Aurelian now has a first class executive management team. With Michael Seymour and the existing, staff, this team now has all the necessary project management, commercial, risk management and financial skills and expertise to ensure that the full value of the company's attractive and highly prospective portfolio of oil and gas assets in central Europe is realised for the benefit of shareholders. I am very confident about the future.'

http://www.proactiveinvestors.co.uk/companies/news/9456/aurelian-oil-gas-lifted-by-siekierki-gas-field-sales-deal-and-romanian-gas-well-tests-as-it-outlines-new-strategy-9456.html

These are super events, and well worth attending for shareholders, and those interested in the stocks concerned!


Proactive Investors One2One Forums

The directors of Pan African Resources (AIM: PAF), Aurelian Oil & Gas (AIM: AUL), and Jameson Resources (ASX: JAL) will be presenting:

Wednesday the 9th December 2009

Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB

The presentations will start at 6:00pm and finish at approx 7:30pm.

After the presentations are complete the directors will also be available to take questions during a free canapand wine reception.
This is an excellent opportunity to speak to the CEO's and network with fellow investors and city professionals.

This event is suitable for the following: Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.


Register Here : http://www.sign-up.to/signup.php?fid=1917&pid=7163


If you have any problems registering or queries please email action@proactiveinvestors.com


The nearest tube stations are Green Park and Bond Street, and a a short walk away from the Chesterfield Hotel.

RNS Number : 8212D
Aurelian Oil & Gas plc
09 December 2009






Aurelian Oil & Gas PLC

("Aurelian" or "the Company")







Gaffney Cline "CPR" significantly increases Aurelian's resources




Aurelian is delighted to announce that Gaffney Cline & Associates ("GCA") has released a draft competent persons report ("CPR") to the Company after conducting a full and independent review of its petroleum interests. Using some of the information provided in the CPR, the Company is pleased to provide the following key highlights and comparisons to its own preliminary estimates used in its announcement of the 26th of October 2009. Aurelian now calculates a total risked EMV of 1.49billion equivalent to 5.64 per share and an increase of 381% from the 1.48 per share shown in our announcement of 26th October 2009. All figures disclosed are net to Aurelian unless stated otherwise.

Key Highlights

An increase in total contingent gas resources to 372 bcf from 138 bcf, an increase of 270%

An increase in total prospective gas resources to 1,267 bcf from 486 bcf, an increase of 261%

An increase in total prospective oil resources to 385 mmbbls from 105 mmbbls, an increase of 367%

An assessment of gross (Aurelian interest 90%) Mid case GIIP for the flag-ship Siekierki Gas project of 1.58 TCF (Low case GIIP 0.8 TCF, High case GIIP 3.6 TCF). Mid case contingent resources relating to Siekierki are 346bcf an increase of 262% from our 26th October 2009 estimate

Proven reserves of 2.4 bcf




Certain key extracts from GCA's CPR follow (the sum of which does not aggregate to the total resources calcuated by Aurelian and quoted in Key Highlights above) and are compared with Aurelian's announcement of 26th October 2009

Great news! Click HERE

Not much interest here but I think its Positive over the last 2/3 months

New article and analysis of today's news. click HERE

Climbing back up today.