Bilca Development Update

RNS Number:8101I
Aurelian Oil & Gas plc
12 September 2006




Aurelian Oil & Gas PLC

Ascent Resources plc

&

Europa Oil & Gas plc



'Bilca Development Update'

Aurelian Oil & Gas PLC ("Aurelian" or the "Company"), the exploration and
production company focussed on Central Europe, acting as operator of the joint
venture with MIRC (a wholly owned subsidiary of Ascent Resources plc) and Europa
Oil & Gas (Holdings) plc, is pleased to announce that it has signed a contract
with S.N.G. N, Romgaz S.A, the Romanian state gas company and the fourth partner
in this Joint Venture, for the sale of gas production from the Bilca Development
situated in the  Brodina Block in Northern Romania.


The production facilities have now been commissioned and a production licence
has been applied for from the Romanian authorities. It is anticipated that the
permit will be issued during September and production will commence once the
permit has been issued.  An initial production rate of 7 million cubic feet per
day is planned (c. 200 th. cu.m/day). This rate will be kept under observation
and will be adjusted according to reservoir conditions.

Michael Seymour, Managing Director of Aurelian commented

"We are particularly pleased to have brought these first three gas discoveries
in Romania to production within only 27 months of the first discovery well. This
has been an important and constructive first production project for Aurelian
which will stand us in good stead for the future discoveries we are confident
which will follow in Romania."



                                                             12th September 2006





Note:

The Joint Venture is between Aurelian, (28.75%), Europa (28.75%) and Ascent (5%)
and the Romanian state gas producing company S.N.G. N, Romgaz S.A, (37.5%) and
covers the Brodina Concession, which covers 1,475 km2 in Northern Romania on the
Ukraine border.  Three wells were drilled in 2005 and 2006, of which all were
discoveries. These are known as the "Bilca Development" which is the subject of
this announcement.  Aurelian is the operator.



Enquiries:

  Aurelian Oil & Gas                                            +44 20 7629 7986
    Michael Seymour, Managing Director
    Frank Jackson, Commercial Director
    Marc Cramsie, Nabarro Wells                                 +44 20 7710 7400
    Nick Elwes / Paddy Blewer, College Hill                     +44 20 7457 2020

  Ascent Resources plc
    Jeremy Eng, Managing Director                               +44 20 7251 4905
    Hugo de Salis, St Brides Media and Finance Ltd              +44 20 7242 4477

  Europa Oil & Gas (Holdings) plc
    Paul Barrett  Managing Director                            +33 5 63 33 18 97


    Ewen Ainsworth Finance Director                             +44 20 8924 7227
    Jonathan Wright / Parimal Kumar, Seymour Pierce Ltd         +44 20 7107 8000
    Jade Mamarbachi / Toby Hall, gth media relations            +44 20 7153 8035

www.aurelianoil.com



Notes to Editors:


Aurelian Oil & Gas PLC

Aurelian Oil & Gas PLC, was founded in December 2002, by current Managing
Director, Michael Seymour. The Company's strategy is to explore for, appraise,
develop  and  produce  oil and natural gas reserves focused in Central Europe.

The Company's expertise lies in identifying sound projects, negotiating with the
relevant Ministries or state companies, and conducting high quality technical
work to upgrade its projects to the point where they are ready for drilling and
development

Aurelian Oil & Gas currently has projects in four countries with a diverse
range of risk profiles. In Romania the Company is operator and holds interests
in four blocks; Brodina (28.75%) Cuejdiu (28.75%), Bacau (47.5%) and Suceava
(50%). In Bulgaria Aurelian has a 75% interest in and is operator of the
B-Golitza and B1-Golitza Blocks, whilst in Poland Aurelian is the operator of
the Pozan East gas appraisal project with a 90% interest. In Slovakia, Aurelian
has 100% interest in three license blocks awarded in August 2006


The Company listed on AIM on 22 August 2006.

Europa Oil & Gas (Holdings) plc
Europa Oil & Gas (Holdings) plc focuses on the production and exploration of
hydrocarbons in Europe and North Africa. It currently produces 210 barrels of
oil per day from UK onshore fields and 25 barrels of oil equivalent from the
Ukraine. Production is expected to rise significantly after its Romanian Bilca
Gas Project comes on-stream during September 2006. Operating a balanced
portfolio, Europa currently has field appraisal activity on projects in the UK
Southern Gas Basin and onshore Romania and exploration activity on a further
eight licences across the Europe - North Africa region. For more information
please visit www.europaoil.com.

Ascent Resources PLC

Ascent Resources PLC has an extensive portfolio of over 20 oil and gas projects
across six countries in Europe. These include an 88% interest and operatorship
of the only onshore Spanish oilfield which produces over 100 barrels of oil per
day. Ascent's other projects are in Italy, Switzerland, Hungary and Romania, as
well as applications offshore Netherlands. Starting late this summer Ascent will
drill six (with two optional extra) exploration wells, two (or four) in Hungary
and two each in Spain and Italy. In 2007, high impact gas exploration wells are
planned in the Po Valley in Italy and in Switzerland.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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