Aurelian Confirms Gas Column at Polish HZ Well

Aurelian provided an operational update on its activities in Poland and Bulgaria.


  • Poland
    • First Siekierki Multi Fracced Horizontal Well Trzek-2
      • Trzek-2 wireline logs and cores confirm larger gas column, better porosity, improved gas concentration and a zone of better permeability compared to Trzek-1
      • Horizontal sidetrack drilling has commenced
      • Frac and flow test to complete during December 2010 in line with planned well schedule and budget
    • First Bieszczady well spudded on October 14, 2010
      • Well targeting prospective resources of up to 100 million barrels (gross) of oil in Carpathian Thrust Fold Belt Core Area
      • On schedule spud date achieved, results expected in Q1 2011
      • 300 km, 2D seismic survey underway, increasing block coverage to circa 40%
  • Bulgaria
    • Shkorpilovtci South West R-01 exploration well spudded on October 17, 2010
      • Well targeting prospective resources of 20-30 bcf (gross)
      • Results available in early November 2010 

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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