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Aurora Banking on Eagle Ford Sugarkane Growth for 2013-2014
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Aurora Oil & Gas Limited has reported its financial results for the three and nine months ended September 30, 2013.
All figures are reported in US dollars unless otherwise noted.
Highlights for the third quarter of 2013, including non-IFRS measures, compared to the corresponding quarter in 2012 are:
Revenue US$144 million up 68%, 94% generated from liquids EBITDAX US$81 million up 62% Operating netback US$45.08 /boe Funds from operations US$66 million up 60% Average daily production up 71% to approximately 21,438 boe/d (pre royalty) OutlookLooking forward for the remainder of 2013 and early 2014, Aurora is well funded for the planned development programs for its operated and non-operated acreage at the Sugarkane Field. Management now updates its guidance for the full year capital…
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