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Aurora Oil & Gas Ltd, First Quarter 2012 Financial Results Report

Aurora Oil & Gas Limited (TSX:AEF) (ASX:AUT) today released financial results for the three months ended March 31, 2012. All figures are reported in US dollars unless otherwise noted.

Financial highlights for the three months ended March 31, 2012

- Revenue $40 million up 43% on the previous quarter
- Funds from operations $18 million up 28% on the previous quater
- Operating Netback $54.66 / boe (y/e Dec 2011 : $46.28 / boe)
- Production up 11% from previous quarter to 4,820 boe/d
- Successful issue of $200 million of unsecured senior notes in the US
- December 31, 2011 reserves increase compared to December 31, 2010:

gross proved reserves increased by 450% to 80.4 mmboe, and
gross proved plus probable reserves increased by 209% to 92.0 mmboe


To view Report please download PDF below:

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