Aurelian

Introduction

Aurelian was founded in 2002 to explore for hydrocarbons in the Carpathian thrust zones of Eastern Europe, and adjacent areas from which oil has been produced continuously for over 160 years. This province contains oil and gas fields of world size, all of them however, from shallow depths. Little to no in-depth exploration was carried out during the last century as the focus was on the eastern provinces of Russia.
 
The company's expertise and strategy lie in identifying and developing sound projects within this region where we have built up a unique base of expertise. Applying an aggressive exploration programme and high quality technical expertise to our projects, Aurelian is building a balanced portfolio which includes production, appraisal and exploration over 21,000 sq kilometres (5.2 million acres).
 
Current projects span the region from Poland to Bulgaria, with production in Romania; a deep appraisal well drilled on a large structure in Poland in March 2007 to be developed with a further horizontal well to be drilled in 2010; and exciting exploration prospects including projects in four countries: Romania (four blocks), Slovakia (three blocks), Bulgaria (two blocks) and Poland (14 blocks). Aurelian is the operator in all of these except Bulgaria (Aurelian don't operate in Bieszczady in Poland). Details are provided elsewhere on this website. 
 
The company's management team has been strengthened by the appointment of Rowen Bainbridge as the new CEO and Mark Reid as the new CFO. The team is focused on monetising the current portfolio and developing the reserves to deliver value to shareholders.

 

Aurelian annual report europe graphic

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