Aurora Year End Reserves Report; Shrs Rose Near 4% Wednesday

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Aurora Oil & Gas Limited (AEF.TO), which rose near 4% Wednesday, provided details of the independent reserves estimates for Aurora's working interests in the Sugarkane Field with an effective date of 31 December 2012. It provided an update on corporate activities and the progress of the development program of its Eagle Ford assets in the Sugarkane field in South Texas.

The following gross (before royalties) Aurora reserve allocations have been estimated by Ryder Scott:

- Total proved developed producing ( PDP ) of 21.6 mmboe, comprising 77% liquids, with a pre-tax NPV of US$501 million (a 360% increase on previous report).


- Total proved reserves of 94.7 mmboe and a pre-tax NPV of US$1,007 million (a 23% increase on previous report).

- Total proved plus probable reserves of 102.9 mmboe and a pre-tax NPV of US$1,051 million (a 16% increase on previous report).

- Total proved plus probable plus possible reserves of 167.7 mmboe and a pre-tax NPV of US$1,362 million (a 38% increase on previous report).



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

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