Aurelian Oil & Gas plc (LON: AUL) has reported that it is making progress on its European unconventional projects and expects cash flow in the second quarter.
"We are making progress to understand the Siekierki reservoir and to develop production and cash-flow by the second half of 2012," said Rowen Bainbridge, chief executive. "Our Trzek-2 well ...
Unlike the U.S., demand for natural gas exceeds domestic Polish supplies and Poland imports most of the natural gas it uses.
X Energy is the operator and owns 100% of the working interest in the Tuchola well and the four Edge concession blocks, which cover 880,000 acres or 3,567 square kilometers.