AUL - Aurelian Oil & Gas PLC

[Spennyboy]

Tipped by the Times Business.

Tiddler to watch
Aurelian Oil & Gas has begun drilling at the Voitinel-1 well in the Brodina concession in Romania, sending its shares 1¾p higher to 15¼p. The well, which is part-owned by Europa Oil & Gas, is expected to take two months to drill and could add as much as 79p per share, according to research from Jefferies.

Shy of 30% up already today on that news.

Worth keeping an eye on.

[Spennyboy]

No body fancied this then ?

Currently on a rise to 23.5p, been lingering around 19/20 for a couple of weeks.

[tam9]

no money left to invest mate...

[super mike]

Looks interesting, I'll have a read about this. And then look down the back of the sofa if I like.

Are you in on this Spenny?

[Spennyboy]

I hold 500 quid at 20p.

I got for a bit of a day trade as a rns was due that should take it to 30+

I've since read a bit more since waiting for said rns and think it might be worth holding a little longer to see what happens. The movement yesterday suggest that the news is close so I'm hopeful for next week.

[garagekru]

keep us updated

[Spennyboy]

This is going to 28p on the offer any min.

Bid on 26p

[Q-Ball]

Taking a bit of a hammering today - down 7.85% to 25.11p.

[Spennyboy]

RNS:

RNS Number : 4252Z Aurelian Oil & Gas plc 22 September 2009

Aurelian Oil & Gas PLC

("Aurelian" or "the Company")

Voitinel-1, Brodina Concession, Romania

Aurelian announces that the Voitinel-1 well in its Brodina concession in Romania has reached its total depth of 2,076 metres in the Cretaceous Albian sands and is being prepared for testing. The rig will now be released and a test unit will be brought in to conduct the test before the end of October.

Geologically, the well came in on prognosis. The primary Badenian sand objective however was non-hydrocarbon bearing, as were the underlying Albian sands. Gas shows were encountered in two intervals of Sarmatian sands above the Badenian and the interval from 1,653 to 1,672 metres will be tested.

Interests in the Voitnel well are Aurelian Oil & Gas (Romania) SRL (Operator) 33.75%, S.N.G.N. Romgaz S.A. 37.50% and Europa Oil & Gas srl 28.75%.

The technical information and opinions contained in this announcement have been reviewed by Roy Hartley B.Sc (Hons) (Imperial College), FEI, FGS, C. Eng, Aurelian's Chief Operatimg Officer who has 40 years of experience in the oil exploration and production industry. He has consented to the inclusion herein of such technical information and opinions.

Rowen Bainbridge, CEO of Aurelian, commented:

"The absence of hydrocarbons in the main objective was disappointing, but the shows in the Sarmatian are encouraging and we will report on the results of the testing in due course. The full results from the well will need to be carefully studied to enable us to understand the implications for the remaining potential of the trend."

Boo

[hoponbaby]

With how that RNS looks I'm suprised they haven't dropped more already