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Aurora Reports 144% Production Increase Compared to 2012
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Aurora Oil & Gas 2Q13 Operational Update.
Highlights: a 5% increase in revenue, and a 134$ increase compared to Q2 2012. a 9% increase in production volume and a 144$ increase compared to Q2 2012. Revenue from oil and gas sales was US$135 Million Total gross quarterly production was 1.85 MMBOE, 1.37 MMBOE after royalties The cash ballance at the end of the quarter was US$165 Million and the revolving credit facility, with a borrowing base of US$200 Million, was withdrawn. A total of 32 gross new wells(8 net) were put on production. A total of 45 gross(12.1 net) new wells were spudded during the quarter, which includes 2.0 wells in the Aurora 100% operated acreage. At the end of the quarter, drilling operations were underway on 9 wells, 21 wells were awaiting fracture stimulation and 10…- ✓ Full news archive — U.S., Canada & international coverage
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