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Aurora 'Well Funded' for Sugarkane Development
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Aurora Oil & Gas Limited has reported financial results for the three months ended March 31, 2013 .
All figures are reported in US dollars unless otherwise noted.
Highlights for the first quarter of 2013: Revenue US$128 million up 223%, 94% generated from liquids EBITDAX US$76 million up 254% Operating netback US$47.31/boe Funds from operations US$65 million up 259% Production up 287% to average of approximately 18,650 boe/d (pre royalty) Purchase of a 100% operated working interest in approximately 2,700 net acres in the Sugarkane Field. OutlookLooking forward for the remainder of 2013, Aurora is well funded for the planned development programs for its operated and non-operated acreage at the Sugarkane Field. The level of funding available exceeds forecast working capital requirements…
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