Aurelian to drill Climauti-1, targets 2Bcf of recoverable natural gas

Source: Aurelian Oil & Gas

Aurelian Oil & Gas is pleased to announce that the Dafora F100 drilling unit has arrived on site at the Climuauti-1 well on the Suceava Block in Romania. The 'rigging up' process is progressing well, despite heavy rain in the region.

The expectation is that the rig will be ready for acceptance testing on Monday, May 24, 2010 with the well spud following later in the week.

The rig will drill to a target depth of 600 meters to evaluate two Sarmatian sands identified on seismic. The well is potentially targeting approximately 2 bcf of recoverable gas reserves and if successful will be tied back to Aurelian's Bilca Gas Processing Facilities. The gas from the Climauti-1 well would increase Aurelian's forecast production by approximately 18% over the expected seven year life of the well.

Interests in the Suceava Block are held by Aurelian Oil & Gas (Romania) SRL (50%) and Regal Petroleum PLC (50%).

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