Ambrian Advises on €39m Placing for Aurelian Oil & Gas

Ambrian Partners Limited (“Ambrian”), a wholly-owned subsidiary of Ambrian Capital plc, has acted as Nominated Adviser to Aurelian Oil & Gas plc, the Central European-focused E&P Company, on its €39 million placing.

The placing was priced at 32 pence per share and raised gross proceeds of €39 million through the issue of 106,433,438 new ordinary shares.

The expected net proceeds of the Placing together with EUR12 million of existing cash will be used to fund the first Siekierki well and up to seven exploration and appraisal wells in the next two years, targeting assets with an expected monetary value of EUR1.2 billion.

The Placing received strong support and as a result was upsized to approximately EUR39 million from the originally announced EUR32 million. The additional funding will be used to accelerate the Company's exploration and development activities in its core areas which were previously scheduled for 2012 and beyond.

Ambrian Capital plc (AIM: AMBR) is the holding company of Ambrian Partners Limited, Ambrian Commodities Limited and Ambrian Metals Limited.

Ambrian Partners Limited is a focused investment bank known in the market today for its leading positions in the metals & mining, oil & gas and cleantech sectors. It provides corporate finance advice, equity research, sales and trading and market making services. Ambrian Partners has been ranked first in the AIM Basic Materials Sector in the Hemscott Advisers Rankings and was voted No. 1 for small- and mid-cap mining in the Extel Survey of fund managers in 2009. Ambrian Partners is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority.

Enquiries:

Richard Swindells, Corporate Finance
Ambrian Partners Limited  
+44 (0)207 634 4700

Charlotte Kirkham/Ben Simons
M: Communications
+44 (0)207 920 2331/2340

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