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Aurora Looks to Ramp Up Production in 2014 via Sugarkane Ops

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Aurora Looks to Ramp Up Production in 2014 via Sugarkane Ops

Aurora Oil & Gas Limited has detailed its expected 2014 production of 10.6-11.7mmboe (gross) and 7.8-8.6mmboe (net), with an average daily production range of 29,000-32,000 boe/d (gross), or 21,500-23,500 boe/d (net).

This represents a forecast 47% increase over the mid-point of Aurora's guided 2013 production.

Highlights for 2014: Estimated 2014 production of 10.6-11.7 million boe (gross), 7.8-8.6 million boe (net, after royalties), 80% liquids, delivering an expected increase of ~47% 49-53 net wells expected to be spud in 2014, up approximately 13%  December 2013 exit production rate estimated at ~26,450 boe/d (gross) / 19,500 boe/d (net), an increase of 41% year on year 2014 Capital expenditures of US$455 - 495 million  Operational efficiencies driving down costs per well Capital…
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