Aurelian Oil & Gas Plc, London, (London: AUL) plans to enter a joint venture with Luxembourg-based investment company Kulczyk Investments SA for oil and gas activities in Poland.

The agreement will establish a strategic partnership with KI to jointly originate and invest in upstream oil and gas opportunities in Poland and to co-operate in gas marketing, procurement of oilfield services and, in time, the procurement of midstream processing and production infrastructure.

Kulczyk is 13.77% shareholder in Aurelian. Aurelian will operate all licenses that the partnership co-invests into, with KI bringing ...