Aurelian Well in Central Poland Shows No Evidence of Depletion

Testing interpretation on the Aurelian Oil & Gas Trzek-1 well in Central Poland has shown no evidence of reservoir boundaries or depletion during the test period.

Since the earlier announcement of the test on Nov. 19, 2007, the well has been shut in to monitor pressure build-up. The well was flow tested for 10 days and then shut in for a 15-day reservoir pressure build up. Pressure gauges were retrieved on the Dec. 3.

As mentioned in the earlier announcement, the forward program will be to set in motion the plans for putting the Trzek-1 well on long-term production test and, at the same time, to conduct 3-D seismic work over the whole of the Siekierki structural trend. The contract for a 287 sq km survey over the whole area of the trend is currently being finalized with Geofizyka Krakow and will commence in January.

A further update on the progress of the project will be made before the end of January.

“Following the successful testing of Trzek-1, work has progressed rapidly to analyse the data and expedite the project," said Managing Director Michael Seymour. "We are pleased to be working again with Geofizyka Krakow who conducted the 2-D survey which led to the drilling of the Trzek-1 well. It is positive that the survey can be mobilised so rapidly.

"The Siekierki structural trend, upon which the Trzek-1 well was located, extends from the suburbs of the city of Poznan for some 25 km southeastwards to the southern border of our concession area. With 89 meters of gas column and the potential to identify locations higher than Trzek-1 along the trend, it is clear that substantial gas volumes can be anticipated. Modelling shows that horizontal wells should have the ability to produce gas at rates an order of magnitude greater than vertical ones. This will be an exciting project for Aurelian and one for which we have the technical and in-country expertise to develop successfully."