Aurelian


Central Europe

Strong energy market fundamentals
The Central European energy market has compelling demand and supply dynamics which offer significant opportunities for entrepreneurial first mover E&P companies like Aurelian.

Although the region has produced oil and gas for over 150 years, it has experienced very little recent exploration activity and is still dependent on the former Soviet Union countries for almost 70% of its oil and gas. This is a function of history and the fact that the Soviet Union developed its giant oil and gas fields rather than those in Central Europe, supplying the region through an extensive pipeline network. Energy and in particular gas demand continues to grow due to economic expansion and the desire to reduce coal usage for environmental reasons. Energy security concerns are therefore focussing attention on developing indigenous sources of energy.

Aurelian aims to create shareholder value in this proven but underexplored region by applying technologies that have been applied successfully elsewhere in the oil and gas industry, and by benefiting from fast growing oil-indexed gas prices in countries with very attractive fiscal systems and stable legal and regulatory environments.

Unconventional gas
Gas produced from reservoirs with lower porosity and permeability levels and that require horizontal wells and fracture stimulation to chieve commercial flow rates. Unconventional gas resources have been a game changer in the US and similar plays are emerging in Europe.

Tight gas and shale gas plays
Tight gas and shale gas plays are both examples of unconventional as plays. Our Siekierki project is an example of a tight gas play.

Conventional oil and gas
We have a large exploration portfolio in the Carpathians (Poland, Slovakia, and Romania) and in Zechstein Reef (Poland) plays and we have a funded drilling programme to unlock the value in these assets.

Central Europe pie charts

Line chart

Macroeconomics
Central Europe is highly import dependant with about 2/3rd of its natural gas and 4/5th of its oil consumption imported via pipeline infrastructure from the Former Soviet Union. To try and remove this security of supply risk the countries in which Aurelian operates offer very attractive fiscal terms and good licensing regimes. Oil linked gas prices, low Finding and Development costs further add to the attractiveness of the macroeconomic environment in which Aurelian operates.

 

 

 

 

 

 

 

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