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Regent Ventures Ltd RGVNF

Regent Ventures Ltd is engaged in the acquisition, exploration and development of mineral resources properties.


GREY:RGVNF - Post by User

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Post by d22jon Jun 28, 2007 2:34pm
383 Views
Post# 13014650

Aurelian Oil and Gas drilling update

Aurelian Oil and Gas drilling updateI find it strange that Aurelian commented on several of their projects, however, there is no mention of our project in their update. Anyone care to guess why?? Aurelian Oil & Gas PLC: Drilling update – Status of Trzek-1 Well, Poland Released: 25/06/2007 Aurelian Oil & Gas plc 25 June 2007 AURELIAN OIL & GAS PLC Status of Trzek-1 Well, Poland Aurelian Oil & Gas PLC ('Aurelian'), the exploration and production company focused on Central Europe, is pleased to announce the current status of the Trzek-1 well being drilled by its Polish Subsidiary, Energia Zachod Sp. z o.o. Drilling of this 3,900 metre well on the Siekierki structure, close to the eastern outskirts of Poznan, commenced on Wednesday 7th March. The well is currently at 3,650 metres total vertical depth and is preparing to set 7 inch liner at base Zechstein before drilling into the objective Rotliegendes Sandstone. The Siekierki structure is a large seismic anomaly which was tested in the 1970s by four wells, all of which recorded some gas, but at non-commercial rates. The Rotliegendes Sandstone is the main gas reservoir of the UK and Dutch Southern North Sea and stretches into central Europe. The Trzek-1 well is designed to evaluate the performance of the reservoir using modern drilling and testing techniques which have been particularly successful in finding commercial hydrocarbons elsewhere in the Southern North Sea. Energia Zachod Sp. z o.o. is 90% owned by Aurelian Oil & Gas PLC and 10% by Avobone S.A. 25th June 2007 Enquiries: Aurelian Oil & Gas PLC +44 (0)20 7629 7986 Michael Seymour, Managing Director Frank Jackson, Commercial Director Nabarro Wells & Co. Limited +44 (0)20 7710 7400 Richard Swindells College Hill, (Public Relations) +44 (0)20 7457 2020 Nick Elwes Paddy Blewer Web site: www.aurelianoil.com REVIEW BY QUALIFIED PERSON The technical information and opinions contained in this announcement have been reviewed by Michael Seymour, Managing Director of Aurelian Oil & Gas, who is a geologist, has 35 years of relevant experience in the oil and gas industry. 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 focused in Central Europe. Aurelian Oil & Gas currently has projects in four countries with a diverse range of risk profiles. Romania, the Company is operator and holds interests in four blocks; Brodina (33.75%) Cuejdiu (33.75%), Bacau (52.5%) and Suceava (50%). It also has interests in Brates (6.88% following drilling of the Costisa-2 well). Aurelian also produces gas from the Bilca gas project on the Brodina block where production commenced in 2006. Bulgaria, Aurelian has a 50% interest in B1-Golitza and B-Golitza Blocks where a well is currently being drilled. Poland Aurelian is the operator of the Poznan East gas appraisal project with a 90% interest. Slovakia, Aurelian holds 100% of three blocks where field studies are being carried out preparatory to seismic acquisition in 2008. This information is provided by RNS The company news service from the London Stock Exchange
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