Poland

Polish Oil & Gas Co. will join Aurelian Oil & Gas PLC in exploring Aurelian’s six exploration concessions in Poland’s western Carpathians.

By OGJ editors
HOUSTON, Jan. 13
– Polish Oil & Gas Co. will join Aurelian Oil & Gas PLC in exploring Aurelian’s six exploration concessions in Poland’s western Carpathians.

Aurelian will continue as operator, and PGNiG will gain a 40% participating interest in Karpaty West and 20% in Karpaty East that cover 2,230 sq km and 1,296 sq km, respectively.

Aurelian will reprocess and interpret 2,000 line-km of seismic provided by PGNiG, which is expected to lead to shooting new seismic in the second half of 2010.

Aurelian now partners with PGNiG in more than one-third of the Polish Carpathian fold belt, where modern seismic and similar technologies have yet to be fully deployed.

PGNiG operates the Bieszczady blocks covering 3,547 sq km in Poland’s eastern Carpathians, in which Aurelian has 25% interest.

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