Aurelian announces award of two new Polish licenses

1/6/2012

Aurelian announces award of two new Polish licenses

Aurelian Oil & Gas, the European focused E&P Company, is pleased to announce that it has been awarded two new licences by the Ministry of Environment in Poland.

The award of the new concession is in the Polish Carpathians core area, where the company now has  100% of the “Wetlina” concession in south-eastern part of Polish Carpathians, covering an area of 446 sq km.

The concession is close to Aurelian’s highly prospective Bieszczady concession in Poland, where the Company is currently testing the Niebieszczany-1 well, and adjacent to Aurelian’s Snina concession on the Slovakian side of the border. The undeveloped Wetlina gas discovery is within concession and two further  structures identified with potential in-place resource estimated at 40 BCF and 25 MMBBL; and

Aurelian’s work program consists of studies in Year 1 and 14.3km 2D seismic acquisition in Years 2-3

Aurelian also received an award of a new concession in the Polish Permian basin core area, where the company was awarded 100% of the “Prusice” concession in  central Poland in the  South  Permian Basin, covering areas of 758 sq km. The “Prusice” concession, adjacent to San Leon’s Winsko licence, is believed to be prospective for the emerging Carboniferous Shale gas play. 


 

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