Aurelian


Corporate governance policy

Personnel 
The company employed 41 people as at 31 December 2010. In addition to these, there are contracts with 12 consulting companies and individuals, to work with the company on certain projects and or areas.
 
The London office houses 21 employees, whilst providing a centre where consultants can meet and use the facilities.
 
As further major projects are developed in other countries, similar offices will be established in those countries.

 

Disabled Employees 
The Group gives full consideration to applications for employment from disabled persons where the requirements of the job can be adequately fulfilled by a handicapped or disabled person.
 
Where existing employees become disabled, it is in the Group's policy wherever practicable to provide continuing employment under normal terms and conditions and to provide training and career development and promotion to disabled employees wherever appropriate. 
 
Data and Communications Management 
The Company has a diverse asset portfolio spread across Central Europe. The core data of the Company is its major asset and its development, management and safe keeping is a management priority. Virtual Private Networks (VPNs) have been established between all remote locations, with automatic and real time back ups based in London office with off site backup in independent facilities. This enables access from any authorised computer within the group through high level firewalls at any time.
 
All financial and commercial data resides in a common database. 
 
Well drilling operations are established with on site IT communications, through secure websites, so that management, advisers and consultants can monitor progress without having to travel to site.
 
The Company has invested in state of the art technical data processing programmes and hardware, enabling high level analysis of field data for use in the planning of future operations. 
 
Environment, Health and Safety Policy 
We are committed to ensuring the heath and safety of all who work with us and to protect the environment in which we work. We are committed to achieving excellent health and safety standards, to reduce accidents and ill health within the workplace and to minimise the impact of our operations on the environment. We insist that all contractors should maintain the same high standards. We liaise closely with government departments, partners and other interest groups to comply with local laws and regulations and to minimise any disruption to the environment. The Company has in place an HSEQ Management System supported by a set of HSEQ Minimum Performance Standards.

 

We work to the highest ethical standards and be transparent in our dealings with national, regional and local authorities, with our partners and in our dealings with suppliers and contractors who work with us. All business transactions are conducted openly and appropriate records maintained to demonstrate this. We aim to show fairness in our treatment of all organisations who supply us with goods or services and encourage fair and open competition while seeking value for money. The acceptance of bribes in any form is totally unacceptable. We will also avoid situations where private interests conflict with the Group business or objectives.

 

We will show respect for people including our own staff, our neighbours, our partners and suppliers and contractors and will not discriminate on the basis of ethnicity or gender. We are an equal rights employer and are committed to providing a working environment where all people have equal opportunities for employment and advancement based on their ability, professional qualifications and experience. To this end, the Group gives full consideration to applications for employment from people regardless of age, colour, disability, ethnic origin, marital status, nationality, race, religion or belief, sex or sexual orientation.

 

We have respect for human dignity and the rights of the individual. We support the principles of, and promote respect for, the Universal Declaration of Human Rights.

 

We seek to continuously improve the ways in which we contribute directly or indirectly to the economy and well being of the communities where we work. Understanding and respecting local communities are essential to ensure the Company’s continued presence in the locations where we operate. We aim to minimise the impact we have on those communities whilst seeking ways to enhance them through employment, access to local natural resources and through local support initiatives. We maintain a continual dialogue with local communities and authorities through our in country staff and our senior management when visiting our operational locations. Given the international nature of our business, we aim to recruit, train and promote from within the country of operation as far as possible.

Additional Policy documents:

Bribery policy document (PDF)

Whistleblowing policy document (PDF)


 

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This presentation has been prepared by Wood Mackenzie for Aurelian Oil & Gas. This presentation does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for or otherwise acquire, any securities of the Company or of any subsidiary or subsidiary undertaking of the Company, nor does this presentation constitute or form part of any invitation or inducement to engage in investment activity under section 21 of the Financial Services and Markets Act 2000, nor does it constitute a recommendation regarding securities of the Company, nor shall it or any part of it form the basis of or be relied on in connection with any contract or investment decision. If you are considering engaging in any investment activity, you should seek appropriate independent financial advice and make your own assessment.