Research paper
Oriel Securities has initiated coverage on Aurelian with a risked NAV of 72p/share and a further 79p/share of risked exploration upside (535p/share unrisked exploration upside).
MorePolish operations update
Well location chosen for Q4 2010 spud of first Carpathian Thrust Fold Belt - Well targeting up to 100 million barrels of oil
Romania operations update
Aurelian is delighted to announce that the Climauti-1 well drilled in the Suceava Block in Romania has tested at a rate of 2.7million scf/d at a flowing tubing head pressure of 30bar.
MoreWelcome
Aurelian Oil and Gas PLC is a European focussed exploration and production Company whose core purpose is to create shareholder value through the capture, evaluation, exploration, appraisal and development of onshore hydrocarbon resources and the application of conventional technologies to underexplored proven hydrocarbon systems.
Our objective is to transform the business through the application of proven technology and management focus.
Key facts
- First mover advantage in the growing European gas resource and Carpathian oil and gas exploration plays
- Proven technology transfer, commercialising underexplored resources in stable, high net back territories
- New management team transforming the Company
- High impact exploration and appraisal drilling programme over the next two years
- After taking account of the strategic partnership with PGNiG, Aurelian’s portfolio comprises 2.4 bcf* of proven gas reserves and the following resources that have been aggregated by the Company; 372 bcf of contingent gas resources, 1.2 tcf** of prospective gas resources, and 326 million barrels of prospective oil resources
- Siekierki tight gas project alone has GIIP*** 1.6 tcf (mid case), 3.6 tcf (high case) making it a resource with world class potential in Central Europe
- €48.3 million cash available after February placing to fund two years of drilling activity
* Billion cubic feet.
** Trillion cubic feet.
*** GIIP Gas in place (gross).