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