Aurora Announces a 150% Increase in Proved Reserves

Aurora Oil & Gas Limited (AEF.TO) provided an 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. It announced a 150% increase in proved reserves.

Key points include: the Reserves Report continues to demonstrate the rapid transition of the Company's reserves in to the 1P and 2P categories; at the effective date of the Reserves Report, Ryder Scott considers that 65 wells (9 of which are farmout wells) are in the PDP category, 749 future well locations can be considered proved undeveloped and 125 future well locations are in the probable reserves category; the Reserves Report utilizes four type curves across the Aurora acreage and they are broadly consistent with those provided previously.

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

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