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Australia,Canada : AURORA OIL & GAS agrees to buy 2700 acres in EAGLE FORD SHALE for $117.5 MILLION.

Aurora Oil & Gas Limited declared that it has inked an agreement to buy 100% operating interest on 2,700 acres in South Texas adjacent to its existing Sugarkane Field acreage for $117.5 million.

The property is within the liquids-rich zone of the Eagle Ford Shale and consists of 11 wells that had December 2012 production of around 1,620 barrels of oil equivalent per day.

Aurora s Eagle Ford Shale acreage with this acquisition will be raised by 14% to over than 21,800 acres.

Aurora is an Australian Stock Exchange-listed and Toronto Stock Exchange-listed company focused on oil and gas exploration and production in North America.

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Publication:Mena Report
Date:Mar 4, 2013
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