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Thursday 09th of September 2010

5/11/2007

Aurelian announces gas discovery in Romania

Aurelian announces gas discovery in Romania

Aurelian Oil & Gas PLC, provides the results of the Boistea well drilled in the Cuejdiu Concession in Romania, where the Company is operator and holds a 45% working interest.

The well was drilled to a total depth of 2,295 metres and encountered a series of thin gas bearing Sarmatian sands in the interval 1700 to 1800 metres. After electric logging and a series of pressure measurements, it has been decided to complete the well to allow a long term flow test of the interval 1783 to 1785 metres. After the completion, the drilling rig will be demobilized and the flow test will be conducted in November or December.

Partners in the Cuejdiu joint venture are: Aurelian Oil & Gas Romania S.R.L. 40.00%, S.N.G.N. Romgas S.A. 37.50%, Europa Oil & Gas Limited 17.50%, Millennium International Resources Corporation (wholly owned by Aurelian) 5.00%%

 

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