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.

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
Andy
- 07 Dec 2009 14:31
- 58 of 141
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.
smiler o
- 09 Dec 2009 14:25
- 59 of 141
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
Andy
- 10 Dec 2009 18:30
- 60 of 141
Andy
- 31 Dec 2009 11:21
- 62 of 141
mitzy
- 24 Feb 2010 09:18
- 63 of 141
Climbing back up today.
smiler o
- 24 Feb 2010 12:12
- 64 of 141
Aye not much Interest here, but poss a few quid to be made ?
24 February 2010
Aurelian Oil & Gas PLC
("Aurelian" or "the Company")
Operational update
Aurelian, the Central European focused E&P Company, is pleased to provide the following operational update on its core areas of activity, key projects and corporate developments.
Highlights
Signing of key contracts in Siekierki Tight Gas Project in Poland - signing of key Engineering, Procurement and Construction Management services ("EPCM") and Drilling contracts, firms-up June 2010 spud date for first horizontal well
Significant potential upgrade to Romanian Voitinel appraisal asset- potential upgrade in Voitinel trend GIIP from 50-100bcf to 400bcf
18% increase in Romanian forecast production - April 2010 spud date for Climauti-1 well expected to increase forecast Bilca production by 18% over next seven years
Increased 2009 production volume and revenue - 2009 total production volumes and revenues expected to be 956.5MMscf/2.62MMscf/d and 3.0 million respectively (2008: 516.5MMscf/1.42MMscf/d and 1.9 million)
Additional prospective leads identified in Slovakia - Recent seismic processing and interpretation has identified further prospective leads in addition to the Smilno gas exploration prospect which was assessed at an Expected Monetary Value ("EMV") of 136 million, in the Company's 15thDecember 2009 Competent Person's Report produced by Gaffney Cline & Associates. Additional seismic is planned for 2010 with drilling planned for 2011.
Up-scaled 39 million Equity Placing accelerates exploration activities - recent up-scaled 39 million Equity Placing allows the Company to accelerate Polish Permian Basin exploration activities to Q3 2010 with 2D seismic planned to firm up leads in gas prone Kalisz block and 3D seismic to be used in oil prone Cybinka and Torzym blocks.
Management changes- Chris Brown joins as Director of Exploration from Suncor Energy on 1stMarch 2010 taking over this key role from Michael Seymour. From 1stMay 2010, Michael will work part-time with the Company as an Executive Director in the role of Adviser on Government and Partner Relations.
Rowen Bainbridge, Chief Executive commented:
"In October 2009 we set out a new strategy and a series of milestones against which we could be measured. This Operational Update records steady progress against all the targets we set out. We have refocused the Company on Core Areas, added technical and operating capability at the Board and Executive levels and, through our successful 39 million capital raise, removed the financing risk that was depressing our share price. We have advanced all of our projects and, with the significant upgrade in GIIP estimate to 400 bcf on our Voitinel trend, continue with our excellent exploration track record in the region.
2010 is the year of opportunity for Aurelian as we aim to deliver on our flagship Siekierki Tight Gas Project and drill our first of many high impact Carpathian exploration wells".
Aurelian, the Central European focused E&P Company, is pleased to provide the following operational update on its core areas of activity, key projects and corporate developments.
Poland
EPCM contract signed for Siekierki project
Aurelian, is delighted to announce that it has awarded an EPCM contract for the appraisal phase of its Siekierki tight gas project in Poland to the Warsaw office of ILF Consulting Engineers ("ILF"). The contract was awarded through Aurelian's 90% owned Polish subsidiary Energia Zach Sp. Z o.o. ("Energia Zach" or "EZ"), which holds and is operator of the Exploration licence. The EPCM contract covers 3 flowlines, a 'Pilot' Central Production Facility to treat the gas to sales quality, an export line with pressure reduction and metering station and tie-in to the high pressure gas network. The facility will be designed to produce and treat up to 11MMscf/d during the initial Pilot phase with these facilities being upgraded during full field development to a processing capacity of up to 106 MMscf/d.
ILF carried out a review of the export options for Siekierki gas in Q3 2009. The project scope was subsequently defined in Q4 to allow ILF to provide a fully manned project team from 4th January 2010. Work is on schedule to prepare an Environmental Impact Assessment for submission to the Authorities and this is the first step in a series of approvals that will lead to the award of the Construction Permit in October 2010. First gas sales should commence in the second half of 2011 after completion of the first two Siekierki horizontal wells and construction of the Pilot Facility.
ILF has its main offices in Innsbruck and Munich, more than thirty subsidiary offices worldwide and permanent staff of over 1600. All ILF-companies are certified to ISO 9001.
Signing of Nafta Pila Drilling Contract and June 2010 spud date advised for first Siekierki horizontal well
As announced on 24th November 2009 a Commitment Letter had been signed with Nafta Piła to provide a 2000 HP rig to drill two appraisal wells in the Siekierki tight gas project in Poland. The contracted 2000 HP rig is currently working in Slovakia on contract to OMV and is expected to return in time to allow Trzek-2 to commence in June 2010. Energia Zach has now negotiated and will sign today a final Contract with Nafta Piła which includes an additional clause providing Energia Zach with the right to utilise another Nafta Pila rig, a 1600HP unit, to drill the vertical pilot hole for Trzek-2 in the event that the contracted 2000HP rig is delayed in Slovakia. This is a very strong mitigant to any risk of delay in spudding this first well.
The drilling location selected for the first horizontal appraisal well is 2km to the southeast of Aurelian's Trzek-1 well, which was drilled, fracced and tested gas at 7.5MMscfd in 2007. In Trzek-2, a vertical pilot will be drilled through the reservoir to obtain core and log data and a horizontal well sidetracked up to 1500m back towards Trzek-1. A wellsite has been contracted and it is expected that approval to drill will be obtained from the Mines Department in March 2010.
The Siekierki project is located in the Poznan licences which are 100% held by Energia Zachod a company owned 90% by Aurelian and 10% by Avobone N.V. Energia Zachod is operator of the Siekierki project.
Romania
Romania - Appraisal of Voitinel/ increase in GIIP estimates from 50-100bcf up to 400bcf
Aurelian is pleased to announce that it is planning to appraise the Voitinel-1 gas discovery, drilled and successfully tested last year in the Brodina Concession in Northern Romania. Aurelian now believes that theVoitinel trend could hold up to 400bcf of Gas in Place, a significant increase from its previous estimate of 50-100bcf. However, the ultimate volume of gas recoverable will be dependent on the results of the fraccing and testing in April 2010 together with a further appraisal wells in 2010 and 2011. These activities are detailed more fully below.
On 17th November 2009, Aurelian announced that Voitinel-1 had tested gas from a sand between 1,653 and 1,672 metres (" the1650 sand") and that another sand between 1,400 and 1,425 metres (" the1400 sand") appeared to be gas bearing. Post test analysis of the 1650 sand data indicates the well to be in contact with a substantial volume of gas but flow boundaries are noted near the well bore and these limit the flow rate. One of the objectives of appraisal will be to determine whether these barriers (probably faulting related to the formation of the structure) are localised or pervasive throughout the structure and whether techniques such as high angle drilling and fracture stimulation can overcome them.
As the first step in appraisal it has therefore been decided to fracture stimulate and flow test the 1650 sand to determine whether the flow rate can be improved. Equipment will be mobilised to site in March 2010 to carry out this work. The stimulation, subsequent flow test and monitoring of the recovery in reservoir pressure will take about 4 weeks. Thereafter it is planned to mobilise a rig to site to recomplete the well and allow the 1400 sand to be tested.
Re-mapping of the Voitinel structure to incorporate the well data including reprocessing and depth migration of the seismic is underway at present. This should then allow an appraisal well to spud in Q3 2010.
In the southern part of the Brodina concession a second structure called Solca extends into the Moldova Nord concession held by Romgaz, one of the joint venture partners in Brodina. In the Moldova Nord concession, Romgaz has completed the drilling of the Paltinu-102 well on the Solca trend close to the Brodina concession boundary in January 2010. Romgaz has informed Aurelian that it had encountered gas shows and plans to test four sands in this well. It is likely that this will commence in April and take some weeks to complete. Another well, Paltinu-103 has commenced drilling to the east of Paltinu-102. As both wells are less than 1km from the Brodina/Moldova Nord concession boundary, it is clear that if Paltinu-102 and 103 test gas and either or both accumulations extend into Brodina, the results would be significant for Aurelian and its partners. Given the above, it is expected that discussions will begin between Aurelian and Romgaz as respective operators regarding co-operation between the Brodina and Moldova Nord groups to jointly develop these common exploration and development projects.
Based upon the above explanation and planned activities, Aurelian believes that the wider Voitinel structural trend could have gas-in-place volumes as great as 400bcf.
Interests in the Brodina block are Aurelian Oil & Gas (Romania) SRL 33.75% (Operator), S.N.G.N. Romgaz S.A. 37.50% and Europa Oil & Gas srl 28.75%.
Suceava Block - Climauti-1 Well and 2009 Bilca Production Update
Climauti-1 is to be drilled in April 2010 as a commitment well in the Suceava Block with a view to increasing Aurelian's forecast production from the Bilca processing plant by an average of 18% over the 7 year expected life of the well. Annual production from the well is estimated at 6million cubic metres/212MMscf in each of the first two years, declining gradually to 1 million cubic metres/35.3MMscf by the end of the seventh year.
The Climauti-1 Well is located 8 km from the Bilca Gas Processing Facilities through which the gas from the well will be processed. The well will be drilled to a depth of 600m to evaluate the Sarmatian sands which is the producing reservoir in the Bilca group of fields. Climauti-1 is expected to spud in April and when finished later in the month, the rig will move to Voitinel to carry out the test on the 1400 sand.
Aurelian's 2009 total production volumes and revenues are expected to be 956.5MMscf/2.62MMscf/d and 3.0 million respectively (2008: 516.5MMscf/1.42MMscf/d and 1.9 million)
Interests in the Suceava Block are Aurelian Oil & Gas (Romania) SRL 50% (Operator), Regal Petroleum plc 50%.
Bulgaria;
The Company is planning to make an announcement in March 2010 regarding its ongoing activities in Bulgaria.
Slovakia
Seismic identifies additional prospective leads
Seismic processing and interpretation continues on Aurelian's three licence areas and is highlighting additional prospective leads in addition to the Smilno gas exploration prospect which was assessed at an EMV of 136 million, in the Company's 15th December 2009 Competent Person's Report produced by Gaffney Cline & Associates.
Additional seismic is planned for 2010 with drilling planned for 2011.
Interests are Aurelian Oil and Gas Poland S.R.O. (50%) (Operator), JKX Oil and Gas plc (25%) and S.N.G.N Romgaz (25%).
Corporate
Additional proceeds from up-scaled 39m Capital Raise to be used to accelerate attractive Permian Basin exploration activities
In addition to being funded to drill the first Siekierki well and up to seven exploration and appraisal wells in the next two years, targeting assets with an expected monetary value ("EMV") of 1.2 billion, Aurelian's recent up-scaled Equity Placing, has also enabled it to accelerate its exciting exploration activities in its Kalisz, Cybinka and Torzym licences in the Permian Basin of North West Poland.
Kalisz - The Kalisz block is located along the same trend of the Rotliegendes currently being exploited by PGNiG/FX Energy in their Fences concession which lies immediately south of Aurelian's Poznan East and North blocks. PGNiG/FX Energy have a number of discoveries which, although much smaller than Aurelian's Siekierki structure, do exhibit attractive porosity and permeability characteristics. Existing seismic on the Kalisz block has identified an interesting gas lead, Stawizyn which appears to be similar in nature to the above mentioned discoveries made by PGNiG/FX Energy and this proposed additional seismic will better define this lead for drilling in late 2011/early 2012.
Interests in Kalisz are Aurelian Oil and Gas Poland Sp. z.o.o. (50%) (Operator), GB Petroleum Limited (40%) and Avobone Poland B.V. (10%).
Cybinka/Torzym - 3D seismic will be obtained on these two oil prone blocks in Q3 2010. Both blocks are close to the largest oilfield in the Central Lowlands of Poland, the Lubiatow complex, currently being developed with reserves quoted at 60 million barrels of oil and 271 bcf of gas. Lubiatow's oil and gas is in Zechstein carbonates deposited as downslope wedges along the front of the Main Dolomite barrier reef. These reservoirs are being explored using seismic attribute work obtained from 3D surveys. Two smaller fields of an identical nature, Sulecin and Kamien Maly, are located to the immediate north of the Cybinka and Torzym concessions and the reef front passes through the middle of Aurelian's blocks. Drilling at Cybinka and Torzym is expected late 2011/early 2012.
Interests are as follows;
Cybinka - Aurelian Oil and Gas Poland Sp. z.o.o. (35%) (Operator), GB Petroleum Limited (25%), Avobone Poland B.V. (10%) and S.N.G.N Romgaz (30%)
Torzym - Aurelian Oil and Gas Poland Sp. z.o.o. (35%) (Operator), GB Petroleum Limited (25%), Avobone Poland B.V. (10%) and S.N.G.N Romgaz (30%)
Management changes
The Company is pleased to report that as of 1st March 2010, Chris Brown joins as Director of Exploration. As part Aurelian's continuing evolution, Chris, who was previously Exploration Director for North Africa and the Near East at Suncor Energy, will be responsible for all of the Company's exploration activities, taking over the role from Michael Seymour. From 1st May 2010, Michael will work part-time with the Company as an Executive Director in the role of Adviser on Government and Partner Relations.
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.
smiler o
- 18 May 2010 13:51
- 65 of 141
18 May 2010
Aurelian Oil & Gas PLC
("Aurelian" or "the Company")
Director shareholding
Aurelian announces it has been notified by John Conlin, its Chairman, that on Monday 17th May 2010 he purchased 50,000 ordinary shares of 5 pence each in the capital of Aurelian ("Shares") at a price of 36.75 pence per Share. As a result of this purchase, Mr Conlin's interest in Aurelian amounts to 50,000 Shares representing 0.01% per cent. of Aurelian's issued share capital.
Andy
- 05 Jul 2010 17:25
- 66 of 141
ptholden
- 30 Dec 2010 15:44
- 67 of 141
Worth looking at?
Recent chunky director buy and an all time high breakout.
Guscavalier
- 31 Dec 2010 10:03
- 68 of 141
Agree with you ptholden. Bought my shares at 59p not long after the last share placing. Sainsbury and Sorus have large interests here. One to hold and watch. Could pay off well. (sp69p)
ptholden
- 31 Dec 2010 10:08
- 69 of 141
Entered the fray yesterday Gus, still trying to get my head round all the activity. I bought mainly on the breakout but prospects look good. Reminds me of AFR to a small degree, proven reserves and continuation of exploration with partners.
Guscavalier
- 01 Jan 2011 17:53
- 70 of 141
2. Substantial Shareholding
At 10 December 2010.
Shares 000's
Toscafund Asset Management and Toscafund Global
69,220,796
14.21%
Kulczyk Investments S.A.
49,141,929
10.09%
Fidelity International Limited
45,159,996
9.27%
Lord Sainsbury of Preston Candover KG
21,980,359
4.51%
Soros Fund Management
21,250,000
4.36%
Capital Research
20,000,000
4.11%
Ingalls and Snyder
19,527,930
4.01%
Total shares in issue
487,083,480
Makes quite an interesting list of holders for such a relatively small company.
ptholden
- 10 Jan 2011 19:52
- 71 of 141
The last operational update issued 23rd Dec 2010
Aurelian Oil & Gas PLC
Highlights
First Siekierki Multi Fracced Horizontal Well (MFHW) Trzek-2 successfully completes horizontal section encountering 1378.5 metres of Gas. Now ready for fracture stimulation
o Horizontal section successfully completed encountering 1378.5 metres of Rotliegendes Gas with potential sweet spots and porosities of up to 15%;
o Well now ready for up to 10 stage fracture stimulation;
o Ongoing severe weather expected to delay flow test to January;
o Trzek-2 still expected to complete within Budget; and
o Trzek-3 expected to spud early January.
First Bieszczady well drilling ahead with Target Depth (TD) expected by end February 2011
o Currently drilling ahead at 2700 metres targeting a maximum TD of 4800 metres by end of February 2011; and
o Well targeting prospective resources of up to 100 million barrels (gross) of oil in Carpathian Thrust Fold Belt Core Area.
Siekierki Gas Processing Facility continues to progress
o Final contract close to being agreed for major Long Lead Nitrogen Removal Unit (NRU) required to treat Siekierki gas to sales quality; and
o Construction start date of early 2011 and first gas production target of end of 2011.
1,455 km of 2D and 3D seismic to be acquired across eight surveys in Core Areas in 2011
o Partner budgets agreed for significant seismic investment in Core Areas in 2011; and
o Surveys aim to increase the size of Siekierki Tight Gas project, and in the Carpathian Thrust Fold Belt, to firm up 2011/12 drilling prospects and identify new drilling targets for 2013 and beyond
ptholden
- 11 Jan 2011 12:07
- 72 of 141
Up 10% today :)
Guscavalier
- 11 Jan 2011 14:08
- 73 of 141
Yes one to be patient with ptholden. I think we have got in early enough. Should be an interesting 2011 with this one. (sp78p)
ptholden
- 11 Jan 2011 21:08
- 74 of 141
Closed up 15% on more than double the average volume without news. Just Gus and myself expressing an interest thus far.
Some chunky trades gone through today, so perhaps news has leaked. I'm assuming if indeed there is anything to report the news will be an update on the Siekierki gas project flow test, although may be a little early.
On the other hand perhaps the rise is due to clever manipulation of the order book and the chunky trades are sells following the recent placing, guess we'll find out soon enough.
Dil
- 12 Jan 2011 02:07
- 75 of 141
Ramper :-)
Guscavalier
- 12 Jan 2011 10:00
- 76 of 141
Oh I beg to differ ptholden,Dil seems interested. lol
ptholden
- 12 Jan 2011 10:07
- 77 of 141
10 by Xmas Dil, fill yer boots!