Aurelian Oil & Gas PLC announced that the drilling of the Voitinel-1 well in the Brodina Concession, Romania, commenced on Friday. Voitinel-1 is Aurelian's first well in Romania to test the prospective Carpathian sub-thrust play. The operation is programmed to 2,300 meters and is anticipated to take around two months.
Interests in the Voitinel-1 well are Aurelian 33.75% (operator), S.N.G.N. Romgas S.A. 37.50% and Europa Oil & Gas Limited 28.75%.
The technical information and opinions contained in this announcement have been reviewed by Roy Hartley B.Sc (Hons) (Imperial College), FEI, FGS, C. Eng, Aurelian's Operations Director who has 40 years of experience in the oil exploration and production industry. He has consented to the inclusion herein of such technical information and opinions.
Rowen Bainbridge, CEO of Aurelian, commented:
"We have been looking forward to drilling this exploration well for some time and are pleased that drilling has now commenced. The well will test the Badenian sands as the main objective in a large dip-closed structure. Secondary targets are also present in the Sarmatian and the Cretaceous."
Aurelian Oil & Gas PLC, was founded in December 2002, by Michael Seymour and is focused on the reemerging Central and Eastern European oil and gas markets, one of the oldest producing oil provinces in the world. The Company has developed a diversified portfolio throughout the region. Currently Aurelian has a wide portfolio of concessions in Poland (14), Slovakia (3), Romania (4) and Bulgaria (2), and a range of production, appraisal and exploration projects. Aurelian's near-term focus is to establish substantial production from existing assets while continuing to assess and identify future dynamic exploration programs across the region.
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