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SUGARLOAF AMI OPERATIONS AND PRODUCTION UPDATE

Aurora Oil & Gas Limited ("Aurora") is pleased to provide the following update on operations and productiion at the Sugarloaf Area of Mutual Interest ("AMI") within the Sugarkane Gas & Condensate Field, Texas.  The Sugarloaf AMI comprises an area of approximately 23,500 gross acres.

Aurora also participates as a Working Interest holder in a larger area made up of an additional - 51,300 acres within the Sugarkane Field adjacent to the Sugarloaf AMI.  Aurora is the only listed participant in these areas and currently has two other rigs operating in that acreage.  Aurora provides separate updates on those operations.


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