Aurelian Oil & Gas reports first Siekierki multi fracced horizontal eell (“MFHW”) Trzek-2 encounters 100 metre Gas Column in Rotliegendes Sandstone.
The Company is pleased to announce that the vertical section of the Trzek-2 well in our Siekierki Tight Gas project has encountered a total gas column estimated at 100 metres, with good gas readings, in the Rotliegendes reservoir. Gas column thickness in the Trzek-1 well is 91metres. The well encountered the top reservoir at 3,752 metres and is currently coring. It is expected that the pilot hole well will reach target depth in the coming days and, after logging the vertical hole, will be side-tracked to drill a horizontal well in the reservoir towards the location of the Trzek-1well. It is envisaged that the Trzek-2 Frac and Flow Test will be completed during December, in line with our original schedule and budget of €18.2 million.
The Polish Environmental Authority has accepted the Plant Environmental Impact Assessment, another important step in the Planning Approval Process. It is expected that the Construction Permit will be obtained late December 2010/early January 2011 to allow site construction to start early in 2011.
The Siekierki project is located on the Poznan licences which are 100% held by Energia Zachod Sp. z.o.o., a company owned 90% by Aurelian and 10% by Avobone N.V.
A survey to acquire a further 300 km of 2D seismic has now commenced in the Company’s Bieszczady licence in the Carpathian Thrust Fold Belt. Good quality information has already been obtained from this survey which will be shot to the north and east of the existing 2D covered area and will be interpreted in Q1/Q2 2011. Completion of this survey will take block coverage to approximately 40%.
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