Aurelian Oil says Romanian well disappoints

Aurelian Oil & Gas Plc said on Tuesday that results from its Voitinel-1 well in Romania were disappointing as its primary Badenian sand objective was non-hydrocarbon bearing, sending its shares down 29 percent. However, the company -- which has a portfolio of concessions in Poland, Slovakia, Romania and Bulgaria -- said it encountered gas shows in two intervals of Sarmatian sands above the Badenian sand. "The absence of hydrocarbons in the main objective was disappointing, but the shows in ...

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