Aurelian provided an operational update on its activities in Poland and Bulgaria.
Rowen Bainbridge, Chief Executive commented, "We are pleased with the coring results from Trzek-2 confirming a 100.4 meter gas column and indicating both improved reservoir porosity and permeability, which further de-risks our Siekierki Tight Gas Project and vindicates the Company's internal technical methodology for predicting 'sweet spots' in the reservoir. The pilot section of Trzek-2 was drilled 14 days faster than Trzek-1 and it is encouraging that the two wells drilled by Aurelian have both identified areas of the reservoir with better properties than the four wells drilled between 1973 and 1985.
"We are also pleased that the horizontal sidetrack on Trzek-2, the spud of our Carpathian Thrust Fold Belt well at Bieszczady and the spud of the second exploration well in Bulgaria have all commenced on schedule."
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