The Company commenced trading as Aurora Oil and Gas on the ASX in April 2005
Aurora commenced exploration and production in North America
$0.35
The Company commenced drilling at Sugarloaf in Karnes County, Texas in August 2006. Sugarloaf lies about 20 km south of the main Texas Austin Chalk trend and within what is now the Eagle Ford Shale play
By late 2006 the Company had actively increased its leverage to the Sugarloaf Project, as well as the adjacent Ipanema and Longhorn Projects all within Karnes County.
$0.73
Early 2007 saw a focus on land acquisition around its Austin Chalk Eagle Ford discovery.
Throughout 2007 Aurora's focus was on leasing and appraisal drilling at its Sugarloaf project
In August 2007 Aurora placed 20 million shares at $0.53 with sophisticated investors to raise $10.6 million before costs for its Karnes County acreage
In 2008 the Company engaged in an active drilling program on its Sugarloaf acreage within the Sugarkane Gas and Condensate Field
A back to back drilling program commenced in March 2009 to further appraise the Company's acreage with 4 new wells at Sugarloaf
The "Eagleford" prospectivity over the Company's acreage became extremely significant in 2009
Aurora successfully farmed out to Hilcorp Energy Corporation, the 4th largest E&P Company in the US, in September 2009. The objective of this farmout was the delivery of a portfolio of producing wells across its acreage.
Throughout 2010 Hilcorps farmin drilling program was undertaken with outstanding results leading to commencement of full development across all 3 AMI's within the discovery area in the fourth quarter.
In September 2010 Aurora was added to the ASX 300 Index in December 2010 as a result of growth in the Company's market capitalisation and share market liquidity
$1.48
In December 2010 Aurora completed a US$120 million acquisition of additional working interests from a long term partner within the Sugarkane Field. This generated a 48% increase in 3P reserves.
$2.16
Aurora was included in the S&P/ASX200 Index in December 2010
In February 2011 Aurora listed on the Toronto Stock Exchnage (TSX: AEF)
$3.32
Aurora continues to successfully conduct a fully funded drilling program in 2011
$3.65
Current net production in September 2011 is approx 3,000 boe per day after royalties
There are approx. 200 rigs now operating across the trend with a continued significant ramp-up of development activities planned for the 2012
