Aurelian Updates Siekierki Tight Gas Project in Poland

Aurelian Oil & Gas has updated its activities on its most significant asset, the Siekierki gas field in Poland.

The Siekierki field is a tight gas accumulation that Aurelian hopes to develop utilizing horizontal drilling techniques and multi-stage fracturing.

Aurelian announced that Nafta Piła's IDM 2000 rig is currently mobilizing to the Trzek-2 wellsite near Poznań.

It is expected that the well, which will be the first multi-fracced horizontal well in Poland, will spud July 1st. This starts the development of a reservoir which targets 346bcf of recoverable gas net to Aurelian.

Key service contracts have been awarded to Baker Hughes (directional drilling, logging-while-drilling and wireline logging) and to Halliburton (completion hardware and fracture services).  Both firms have significant skills and experience in tight and unconventional gas developments in Europe and North America.

Aurelian stated that planning and permitting for the Siekierki Project remains on schedule.

The sites for the two pilot stage appraisal wells are approved and the Environmental Impact Assessment for the Gas Processing Facility and Flowlines will be submitted shortly. This is expected to lead to the award of the Construction Permit in Q4 2010, allowing construction in 2011 and the commencement of gas sales in the second half of the year.

The Siekierki project is located in 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.

Source:  Aurelian Oil & Gas