Aurora Oil & Gas Limited (“Aurora”) (ASX:AUT, TSX:AEF) is pleased to provide details of the independent reserves estimates for Aurora’s working interests in the Sugarkane Field with an effective date of 31 December 2011. The reserve estimates were compiled by the Houston based team at Ryder Scott Company, L.P. (“Ryder Scott”) in accordance with the standards contained in the Canadian Oil and Gas Evaluation Handbook and in accordance with Canadian National Instrument 51 – 101.
The following gross Aurora reserve allocations have been estimated by Ryder Scott:
- Total proved (1P) reserves of 80.4 mmboe, comprising 76% liquids, having a pre-tax NPV(10) of US$982 million.
- Total proved + probable (2P) reserves of 92.0 mmboe and a pre-tax NPV(10) of US$1,028 million.
- Total proved + probable + possible (3P) reserves1 of 124.1 mmboe and a pre-tax NPV(10) of US$1,285 million.
To view full Report please download PDF below:
