Aurelian Oil & Gas

Capex

Future Plans

2008 and 2009 - Current activity and future plans
 
Poland:
• Siekierki appraisal and development moving ahead
• 3D seismic acquisition currently under way on Siekierki
• Long-term production test in late 2009 for Trzek-1 vertical well
• First horizontal well on Siekierki planned for early 2009
• Gas sales discussions progressing with several parties  
• Financing options for Siekierki being evaluated with potential partners.
• Seismic to be conducted by PGNiG on the Bieszczady concessions in the heart of the producing zone of the Polish Carpathians and on Kalisz in the Central Lowlands
 
Romania:
• Wells with considerable upside potential to be drilled at Voitinel and Lilieci
• Production and sales in the Bilca area to be optimised
 
Bulgaria:
• 3D seismic programme planned to evaluate encouraging Tertiary gas play on Black Sea margin

Slovakia:
• 2D seismic to be acquired on the highly prospective Svidnik, Medzilaborce and Snina blocks

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