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Aurora's Sugarkane Ops Boost Revenue 293%

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Aurora's Sugarkane Ops Boost Revenue 293%

Aurora Oil & Gas Limited has released financial results for the fourth quarter and year ended December 31, 2012. All figures are reported in US dollars unless otherwise noted.

Financial highlights for the 2012 year: Revenue US$295 million up 293% EBITDAX US$167 million up 320% Funds from operations US$140 million ( $0.32 per share) up 251% Operating netback US$46.72/boe 4th quarter 2012 compared to the 3rd quarter 2012: Revenue US$112 million up 32%, 94% generated from liquids Funds from operations US$54 million up 31% Production up 35% to average of 16,907 boe/d Outlook

Looking forward to 2013, the Company is well funded for the planned development program at the Sugarkane field.

Based on the current drilling program for 2013 and current commodity prices, management expect growth in…

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