Aurora Oil & Gas Limited is an Australian Stock Exchange listed company (ASX: AUT) focussed on oil and gas exploration and production in North America that commenced its operations in early 2005. The plan for the development of the Company’s oil and gas interests is focussed on the US where large markets and existing infrastructure provides the opportunity for attractive economic returns. Since commencing operations Aurora has established a valuable asset base of US oil and gas interests that includes exploration, development and production. The background to and status of these assets is outlined herein. 2010 is expected to represent a significant year of value creation for Aurora from activities that will include drilling, testing, production and land acquisition across our portfolio. The Company is well funded for its existing activities and is well positioned to pursue new oil and gas opportunities.
Videos
May,2011 09:40 AM
Aurora Oil & Gas Limited (ASX:..
17 May 2011 –Executive Chairman, Jon Stewart provides an update on its expanded acreage in the Eagle Ford Shale, production schedules for 2011 and explains it's listing on the TSE and its share register.
Aurora Oil & Gas (ASX:AUT)
Company Directors
Ms Fiona Harris (Non Exec. Director)
Mr Graham Dowland (Non Exec. Director)
Mr Gren Schoch (Non Exec. Director)
Mr Ian Lusted (Director)
Mr Jonathan Stewart (Exec. Chairman)
Mr Michael Blakiston (Non Exec. Director)
Contact Information
Phone: +61 8 9440 2626
Website:

Address
Level 20, 77 St Georges Terrace, Perth, WA, Australia, 6000
Media Releases
Update October 2011
04 Oct,2011 08:24 AM

Overview

- High growth oil and gas producer with significant onshore acreage in the core of the Eagle Ford Shale, Texas – one of the world’s premier shale regions.

- Aurora (ASX:AUT) is part of the S&P/ASX200 Index and listed in Canada (TSX: AEF).

- Strong balance sheet with cash reserves and undrawn, credit approved, $300m reserves based syndicated revolving facility with signed term sheet, initial drawdown capacity of $85m  growing with increases in proved reserves.

- 79% of current production and over 90% of forecast revenue is from liquids.

- 2011 – 69 new gross wells spudded for total of 89 (16 net) – funded.

- 2012 – 123 new gross wells to be spudded (33 net) – funding arranged.

- Conversion of majority 3P to 2P reserves anticipated to occur within the current year.

- Current net production approx. 3,140 boepd post royalties.

- Estimated exit production 2012 approx. 14,000 boepd post royalties (18,900 boepd pre royalties).

- Sugarkane field offers scalable, low risk, profitable growth.


To view full Update please download PDF below: