Aurelian Oil & Gas signs rig contracts in Bulgaria, Poland

LONDON (AFX) - Aurelian Oil & Gas PLC, the Central European exploration and production comapny, said it has signed rig contracts for wells in Bulgaria and Poland.

Aurelian's 90 pct Polish subsidiary Energia Zachod has signed a contract with Oil & Gas Drilling 'Nafta' Ltd of Plia Poland for the drilling of the Trzek-1 well on the Siekeriki structure within the Ponzan East concession.

The well is expected to be drilled to a depth of 4,000 metres over three-and-a-half months, beginning in February next year.

The Bulgaria contract has been signed with Romanian company Dafora SA for the drilling of the Golitza-1 well on its B-Golitza licence. It is expected to be drilled to a depth of 5,000 metres over four months, starting in March next year.

Aurelian added that JKX Oil & Gas PLC have exercised their option to increase their stake from 25 pct to 50 pct on the B-Golitza licence and is at the same time taking over as the operator of the project and also of the B1-Golitza licence. JKX will therefore operate the drilling of the Golitza-1 well, the company said.

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