Aurelian Oil & Gas

Aurelian Oil & Gas was formed in 2002 by Michael Seymour and floated on the London Stock Exchange Alternative Investments Market (AIM) in 2006, and it is listed under the ticker 'AUL'. Rowen Bainbridge was recently appointed CEO and Mark Reid as CFO.

Aurelian focuses on Central Europe with licences in Poland, Slovakia, Romania and Bulgaria, and it is the operator of most of its licences. Aurelian's strategy is to apply proven technologies utilised in the rest of the world that have as yet not been applied in their operational areas due to the history of the region. Aurelian recently announced it intended to exit areas it deems non-core, most notably Romania and Bulgaria, and focus on the Rotiegendes in Poland and the Carpathians in Poland and Slovakia.

Aurelian's most significant current asset is the Siekierki gas field in Poland, which is a tight gas accumulation that will be developed utilising horizontal drilling techniques and multi-stage frac’ing similar to those used in North American gas plays. Exploration will focus on the Carpathians, which have seen very little modern exploration.

Email fjackson@aurelianoil.com