Aurelian Starts 4 Well Drilling Program in Romania
Aurelian Oil and Gas PLC has spudded Fratauti-2 in its Brodina Concession in Romania. The well is the first of a four-well program, which is anticipated to take some six months to complete.
Fratauti-2, and Vicsani-1 which will immediately follow it, are shallow wells targeted to test gas in Sarmatian sands in close proximity to the Bilca production facilities from where gas is already being produced. The interest in these wells is held by Aurelian 62.50% (Operator) and SNGN Romgaz S.A. 37.50%.
The focus will then move to the Bacau concession, where the Lilieci-1 well, scheduled for spudding on 1 August 2008, will evaluate the Sarmatian sands down to a depth of 2,900 meters at a location along structural trend to the large Roman-Secueni gas field where these horizons constitute the producing reservoir. Interests in the Bacau concession following the drilling of Lilieci-1 and the Farm-out to Romgaz (announced in our press release of 5 June 2008) will be Aurelian (Operator) 41.00%, Romgaz 40.00% and Europa Oil & Gas plc 19.00%
Following Lilieci-1, the rig will move for a further well in the Brodina concession. Voitinel-1 is a large sub-thrust prospect with potential in the Sarmatian, Badenian and Cretaceous. The planned total vertical depth is 1,900 meters. Interests in Voitinel will be Aurelian (Operator) 33.75%, Romgaz 37.50% and Europa Oil & Gas 28.75%
"We are all looking forward to the results of this drilling program," said Michael Seymour, Aurelian's Managing Director. "Fratauti-2 and Vicsani-1 have a good chance of establishing additional gas reserves for the Bilca project. Lilieci-1 and Voitinel-1 are exploration wells, with sizeable potential. Voitinel in particular is a large structure located between producing oil, gas and condensate fields to the north in Ukraine and to the south in the adjacent Romanian concession. "