Aurora Oil & Gas Limited ("Aurora" or "Company") is pleased to provide the following update to its independent proved and probable reserves estimate for the Company's working interests in the Sugarkane Field with an effective date of 31 October 2011. The reserves estimate was completed by the Houston-based evaluation team at Ryder Scott Company L.P. (“Ryder Scott”) in a report received today dated 19 December 2011 (“Reserves Report”). As the Reserve Report is intended to be used for a redetermination of the borrowing base under the Company’s credit facility, only proved and probable reserve estimates were generated.
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