Proactiveinvestors recommends

Additional Information

Market:	AIM
Sector:	Oil and Gas Exploration and Production
EPIC:	AUL
Latest Price:	16.50 (-1.49% )
52-week High:	92.00
52-week Low:	16.00
Market Cap:	81.55M

1 year chart

1 day chart

Aurelian Oil & Gas

Aurelian Oil & Gas PLC, was founded in December 2002, by Managing Director, Michael Seymour and is focused on the re-emerging Central and Eastern European oil and gas markets, the oldest producing oil province in the world.

The Company has developed a diversified portfolio throughout the region. Currently Aurelian has a wide portfolio of concessions in Poland (18), Slovakia (3), Romania (4) and Bulgaria (2), and a range of production, appraisal and exploration projects.

Aurelian Oil & Gas names John Conlin successor to chairman David Prior at May AGM

Monday, March 15, 2010

Aurelian Oil & Gas PLC (AIM: AUL) said it appointed John Conlin as a non-executive director and chairman-elect. It is intended that Conlin will become chairman at the company's annual general meeting, to be held in May, when David Prior will step down from the role while remaining as a non-executive director.

Conlin, aged 57, is a petroleum engineer and has over 34 years' experience in the oil and gas industry; spending 28 years at Shell in various senior management and operational positions. During that time he also gained significant experience outside Shell through secondments to Maersk, Woodside, Sakhalin Energy and ExxonMobil Corp (NYSE: XOM).

Earlier in his career, as head of petroleum engineering for the Central North Sea with Shell, he had extensive exposure to the Rotliegendes plays which form a core part of Aurelian's business.

Conlin has previously served as a non-executive director of Hardman Resources and Delphian Technologies, and chairman of Fuelture Lld. He is currently chairman of Nautical Petroleum (AIM: NPE).

Chief executive Rowen Bainbridge commented: "John has significant upstream experience and his appointment further deepens the industry and technical expertise within the company. Strengthening the board and the executive team has been a key priority since the autumn and John's appointment represents the final piece in the jigsaw in Aurelian's organisational transformation.

John Conlin said: “Aurelian is a company on the move. It has an exciting portfolio of assets, a clear strategy for delivering value and significant growth potential. Aurelian has sufficient funds to deliver its work programme over next two years and I look forward to working with the team in realising the full potential of the company and its assets."

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.