Aurelian Oil and Gas PLC, a London-based E&P company, has provided an update on its European unconventional activities.
In Poland, the company’s debut Siekierki well, Trzek-2, has been successfully completed. According to Aurelian’s update, it encountered 1378.5 meters of gas in the well’s horizontal section as well as showed numerous “sweet spots” and a porosity of up to 15%.
Currently, Aurelian is prepping the well for a 10-stage frac-stimulation project. This has been recently delayed due to severe weather in the area, however the company plans to conduct a flow test sometime in January. Despite the unexpected delays, Aurelian foresees that the Trzek-2 well will be completed within the projected budget.
“Successfully completing the horizontal section and encountering such an extensive section of gas is a very good outcome in the first well of our Siekierki Tight Gas Project,” said Rowen Bainbridge, Aurelian’s chief executive.
Aurelian’s follow-up well, the Trzek-3, is on schedule to be spud in early January.
At the company’s Bieszczady prospect, the well has currently been drilled to a depth of 2,700 meters. According to Aurelian’s update the well is slated to hit total depth, 4,800 meters, by late February 2011.
Initial estimates by the company place up to 100 million barrels (gross) of oil in this Carpathian Thrust prospect.
“I am pleased with the progress of the first of our three wells in the highly prospective Bieszczady block,” added Bainbridge.
In addition to Aurelian’s drilling updates, the company has also announced it plans to invest in a 2D/3D seismic survey of its core areas in the Siekierki and Carpathian areas. This will enable the company to identify new drilling targets for 2013 and beyond.
About Aurelian Oil and Gas PLC
Aurelian focuses on Central Europe with licenses in Poland, Slovakia, Romania and Bulgaria, and it is the operator of most of its licenses. Aurelian's most significant current asset is the Siekierki gas field in Poland, which is a tight gas accumulation that will be developed utilizing horizontal drilling techniques and multi-stage fracing similar to those used in North American gas plays.
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