Aurora Oil & Gas boosts expected well count

Company News

Aurora Oil & Gas Limited (ASX:AUT) has boosted its expected well count for the full year and forecast a successful year of growth in the Eagle Ford.  
 
The oil and gas producer expects 45 - 50 net wells to spud on its Eagle Ford assets, a 25-30 per cent jump from guidance given at the end of 2012.
 
CEO Douglas E. Brooks says the company is confident development drilling programs and its downspacing pilot programs will deliver strong and accelerating production growth this year and beyond.
 
Mr Brookes has also highlighted value upside from recent acquisitions and affirmed Aurora Oil & Gas remains well funded for its operated and non-operated drilling programs.
 
Aurora Oil & Gas reported a net profit of $56.7 million in the first half of the 2013 financial year. 

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