UK’s Aurelian Oil&Gas Sees Encouraging Results from Testing Romanian Gas Well

"The preliminary results are encouraging. Voitinel-1 has tested 17.6 metres of pay at satisfactory rates in a structure with 14 square kilometres of closure. It would be speculative to assign resources at this stage but it is expected that the scale of the discovery will be assessed and announced once the pressure and flow test analysis has been completed over the next three weeks,” the company said in a statement.

Aurelian has tested gas from the interval between 1,653 metres and 1,672 metres measured depth.

"As we reported in September the deeper prospects in Voitinel were unfortunatley dry but logs of two shallower sands looked interesting and so we proceeded to assess their potential further. One zone is now under test and we are encouraged by these early results. We will continue to test this zone over the next three weeks and will provide a further update in due course." Aurelian Oil&Gas CEO Rowen Bainbridge said in the statement.

Aurelian Oil&Gas holds a 33.75% stake in the Voitinel-1 well, Romania’s state-owned gas producer Romgaz owns 37.5% and Europa Oil & Gas holds 28.75%.

Aurelian Oil&Gas, formerly Falcon Oil&Gas Limited, was founded in 2002 to explore for, appraise, develop and produce oil and natural gas. Its activities are focused entirely in central and eastern Europe. It has 14 projects in Poland, four in Romania, three in Slovakia, and two in Bulgaria.