Aurelian Oil & Gas PLC, the exploration and production company focused on Central Europe, announces that testing of its Arbore-1 well in Northern Romania is now concluded.
The well flowed gas from a thin Sarmatian sand at non-commercial rates. This result was inconsistent with log data previously gained and therefore the well is being further reviewed by the partners. Interests in the Arbore-1 well were held: Aurelian Oil & Gas PLC (Romania) SRL: 33.75%; S.N.G.N. Romgaz S.A.: 37.50%; Europa Oil & Gas Limited: 28.75%.
The next well to be drilled by the joint venture will be Boistea-1, located in Cuejdiu Concession EIII-3. Drilling is likely to commence around the end of August. Michael Seymour, Managing Director of Aurelian, commented. “Aurelian will continue to review this well's potential. We have three further wells planned, as operator, in our 2007 Romanian drilling campaign and are hopeful for a better outcome in each of these subsequent wells.” (oilvoice.com)