Cybinka and Torzym, Poland
Blocks 202/222 and 203/223
Interest: 35%
Operator: Aurelian

The Zechstein plays

The Zechstein formations are rock salt, anhydrite, dolomite carbonates and shales deposited in a shallow Permian sea 250 to 270 million years ago. Poland has a long history of successfully exploring for oil and gas fields within these Zechstein sediments. The hydrocarbons are sourced from the shales and are frequently discovered within dolomite reservoirs.
 
Initially the exploration target was for reservoirs deposited in shallow water and located primarily on the edges of thick anhydrite platforms. Over the years a significant number of oil and gas fields have been discovered within this geological setting. More recently, exciting exploration successes have been made on the basinward side of the anhydrite platforms.
 
The first of these was the Sulecin oil field. Here, oil was discovered within slump and/or low-stand deposits located within the deeper water setting at the foot of the anhydrite platform slope.
 
Recent exploration success has been aided by technological advances in seismic acquisition and processing techniques. PGNiG discovered several oil and gas fields near Gorzów to the north of Cybinka/Torzym in 2003. The largest are the Międzychód and Lubiatów oil fields containing 7 billion m3 of gas and 30 million barrels of crude oil. Other discoveries include Sowia Góra, Grotów and Sieraków deposits, each containing several billion m3 of gas.

New reef oil in Cybinka and Torzym licences

Prior to Aurelian acquiring the blocks no modern exploration activity had been carried out on the blocks. Several exploration wells have been drilled but these date mainly from the 1960-1970s prior to the acquisition of any seismic data. Although oil shows were frequently encountered and non-commercial flows recorded, no significant discoveries have been made. Seismic acquisition had been confined to 2D data alone with the acquisition of vintages ranging between 1977 and 1997, however in October 2010 Aurelian acquired 220 km2 of modern 3D seismic data across both blocks which is currently being interpreted.
 
The more recent 2D data was of good quality and identified the general location of a significant Zechstein anhydrite platform margin, analogous to areas successfully explored elsewhere.
Hence the blocks offer Zechstein exploration potential for associated carbonated targets located both on the anhydrite platform margin and towards the base of the slope. The recent acquisition of 3D seismic data has enabled Aurelian to quantify in detail this exploration opportunity and lead to drilling of the first well in early 2012.

Current activity

  • Acquisition of 220 km2 3D seismic completed August 2010
  • Funded to drill one well in 2012 and one well in 2012/13
  • Unexplored Zechstein oil play adjacent to recent oil discoveriesto the north requiring 3D seismic to unlock potential
  • 100 mmboe fields discovered nearby to prolific BMB Area.May contain analogues to one of the largest oilfields in thecentral Lowlands of Poland, the Lubiatow complex, withreserves of 54 mmbbl of oil and 194 bcf of gas
  • Basin extends from the prolific UK North Sea


Planned activity

  • Drill Torzym-1 H1 2012
  • Drill Cybinka-1 2012/13


Interest  

Cybinka – 35%
Torzym – 35%

Cybinka and Torzym

Due to legal restrictions, the contents of the following web pages may not be accessed by persons who are located in the United States, Canada, Australia, Japan or South Africa.


The information contained on this section of the website is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States. The shares have not been and will not be registered under the Securities Act, or with any other securities regulatory authority of any state or other jurisdiction of the United States and may not be offered, sold or delivered within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable states securities laws. Nor does it constitute an offer of, or an invitation to buy, securities in any jurisdiction in which such offer or invitation is not authorised or to any person to whom it is unlawful to make such an offer or invitation.


While the Company has taken reasonable care to ensure that the information on this website (other than information accessed by hyperlink) is accurate at the time of last revision of the website, the Company accepts no liability for the accuracy or completeness or use of, nor any liability to update, the information contained on this website. It should not be construed as the giving of advice or the making of a recommendation and should not be relied on as the basis for any decision or action. In particular, actual results and developments may be materially different from any forecast, forward-looking statement, opinion or expectation expressed on this website.


None of the information contained on the following pages nor any copy thereof may be taken or transmitted in or into the United States or distributed, directly or indirectly, in or into the United States. Persons present in the United States of America are not permitted to access this section of the website and should exit it immediately.


By clicking the “SUBMIT” button below you (i) certify that you are not located in the United States, Canada, Australia, Japan or South Africa and (ii) acknowledge that you have read and understood the notices and disclaimers set forth above.

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.