LONDON, Dec 9 - Aurelian Oil & Gas Plc (AUL.L), a European focused company, said an independent review of its oil and gas business had increased their estimated value by 381 percent to 5.64 pounds ($9.2) per share.
Total contingent gas resources were increased 270 percent to 372 billion cubic feet (bcf) and total prospective gas resources upped 261 percent to 1,267 bcf. Total prospective oil resources were raised 367 percent to 385 million barrels.
Shares in AIM-listed Aurelian jumped 23 percent to 27 pence at 0826 GMT, valuing the company at 63 million pounds.
Total contingent gas resources were increased 270 percent to 372 billion cubic feet (bcf) and total prospective gas resources upped 261 percent to 1,267 bcf. Total prospective oil resources were raised 367 percent to 385 million barrels.
Shares in AIM-listed Aurelian jumped 23 percent to 27 pence at 0826 GMT, valuing the company at 63 million pounds.
