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Aurora Oil & Gas Ltd, Australian Placement Completed

As announced on 17 May 2012, Aurora Oil & Gas Limited (ASX:AUT) (Company or Aurora) entered into underwriting agreements for the issue of approximately 33.8 million ordinary shares (Shares) at either A$3.55 or C$3.55 per Share (the Underwritten Placement). Of these Shares, Aurora has offered 18 million Shares at a price of C$3.55 per share pursuant to a short form prospectus in Canada (Canadian Offer). The remaining Shares were placed to institutional and sophisticated investors in Australia and elsewhere (other than Canada) (Australian Offer).

A further A$4.0 million is to be raised, subject to shareholder approval, through the issue of 1.1 million Shares at A$3.55 each to certain directors of the Company (Director Placement).

Euroz Securities Limited and TD Securities Inc. are acting as Joint Lead Managers and lead Australian and Canadian Underwriters respectively. GMP Securities L.P. and Macquarie Capital Markets Canada Ltd. are acting as Canadian Co-Managers, with Credit Suisse (Australia) Limited, UBS AG, Australia Branch and GMP Securities Australia Pty Limited as Australian Brokers to the Australian Offer.

Aurora advises that it has now completed the Australian Offer and has allotted an issued 15,802,816 Shares at A$3.55 per Share to raise approximately A$56.1 million before the costs of issue.


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