Aurelian to Flow Test Gas-Bearing Lilieci-1 Well in Romania

On August 21, 2008, Aurelian spudded the Lilieci-1 well, located in the Bacau Concession, Romania.

The well was drilled to a total depth of 2,957 meters. A series of sands in the interval 2,411 to 2,915 meters have been determined from log analysis and wireline pressure measurements to be gas bearing but of generally low porosity.

Mechanical problems have delayed testing which is now underway. A total of six sands with a gross thickness of 55 meters will be flow tested in two separate tests. The first test will be extended to include a prolonged pressure build up over the Christmas holiday period and the second test will be carried out from January 5.

It is hoped that an announcement of the test results will be made in the week beginning January 19, 2009.

The partners in the Lilieci-1 well are Aurelian (operator) 41%, Romgaz 40% and Europa 19%.

Michael Seymour, Managing Director commented, "Lilieci has encountered a significant section of gas bearing sands. The flow capacity of the well remains to be determined but the result has upgraded our view of the potential for the Bacau Block in general."