Corporate Overview High growth oil and gas producer with significant onshore acreage in the core of the Eagle Ford Shale, the worlds premier shale region Aurora (ASX:AUT) is part of the S&P/ASX200 Index and listed in Canada (TSX:…
Corporate Summary Key Facts Fully Paid Ordinary Shares 409,865,343 Options on issue (varied prices) 6,000,000 Executive Performance Shares 3,690,000 Fully diluted Capital 419,555,343 Cash at 30 June 2011 US50m Debt Nil Board of…
History Partnered local company with regional approach to exploration Exploration 2006 Sugarkane Eagle Ford discovery followed by initial 2 year Discovery land acquisition program Successful 2009 farmout to Hilcorp Energy delivered…
Majors scrambling for Eagle Ford acreage The Texas Eagle Ford shale is currently the most active oil and gas A&D market in the USA 13+ billion of deals since June 2010, including: BHP acquisition of Petrohawk Energy Marathon Oil…
Eagle Ford the worlds premier shale region Uniform, continuous and predictable shale across the play (200km x 80km) Majority of Eagle Ford trend is economic but some is very economic Major US shale players continuing to refocus…
Sugarkane Gas and Condensate Field Holdings AMI WI Gross Net Acres Acres Sugarloaf 15.7% 23,550 3,700 Longhorn 31.9% 28,280 9,020 Ipanema 36.4% 4,600 1,670 Excelsior 9.1% 20,180 1,840 Total 76,600 16,230 10 Source: Aurora
Prime acreage position within Eagle Ford core area Eagle Ford Shale Hydrocarbon Map (20:1) Core area of Eagle Ford * * Source Texas Railroad Commission Sugarkane is entirely within the sweet spot of the Eagle Ford…
High growth and valuation upside potential Fully funded drilling program underway (80 wells by year end). Huge uplift in 2P reserves being delivered via 2011 drilling program Optimising drilling, completion and production…
Transformational uplift in 2P reserves under way Dec 2010 Reserves 60 new wells Dec 2011 Reserves* 1% 12% 5% 10% 14% PDP 35% PUD 50% 73% PRB POS Confident that the majority of 31 December 2010 3P reserves of 83 mmboe…
Significant upside potential for reserves June quarter commissioning of wet gas line has enabled the addition of NGLs to 31 December 2010 numbers 1015% of Auroras current acreage is not included in the NSAI reserve calculations IP…
Operations Update 5 rigs drilling full time in acreage 2 full time frac crews 45 wells now on production, 50 in total drilled and 5 wells underway Plan to drill 60 wells this year, taking total to 80 wells Current net production…
Production mid August 2011 Average Average Production data at 10 August 2011 Boepd1 mmscfpd2 bopd2 Gross Production from acreage in which Aurora 23,000 29.98 18,010 participates Notional gross Aurora production without farmin…
Sales infrastructure Existing Pipeline has capacity for 20,000 bpd of oil and condensate, present Flint Hills offtake contract is for 6,000 bopd, balance trucked to two destinations. 50,000 mscfpd wet gas take away capacity…
Drilling program on schedule Well Status (Plan vs Actuals) 90 80 70 60 No. of Wells 50 40 30 20 10 0 2010 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Drilling (Actual) Awaiting Fracture…
Production growth ahead of target Aurora Monthly Net Production (BOE) 80,000 75,106 70,000 60,000 61,399 61,164 50,000 Cumulative Month Production (boe) 40,000 37,464 30,000 26,085 20,000 21,210…
Production increases generating profit growth 3 months ended 3 months ended 30 June 2011 31 March 2011 Financial US000 US000 Increase % Production revenue 17,416 6,721 159% Funds from operations 10,006 3,569 180% Net earnings…
Accelerated drilling to have significant impact 2011 2012 2012 Variation Operating Estimated Base Case Accelerated 2011 2012* Number of wells to be drilled 60 99 115 92% Y/E Production pre royalties boe/d 6,700 12,800 15,100 125%…
Key data 2011 Sources & Uses of Cash US000 Opening cash 85,760 Gross participating acres 76,600 Cash at 30June 2010 50,000 Net Acres 16,230 Est. cash from operations (excl. 2P / 3P Reserves (mmboe) 22 / 831,5 40,2002 Capex)…
Key profit drivers trending favourably Liquid rich Efficient Excellent High global production in margins and develop oil price over pressured robust cash flow ment environment generation Estimated internal rate of return…
A pure investment in the core area of the Eagle Ford Prime acreage position High profits from liquids rich production Active drilling program underway 80 wells by year end Accelerated development program from 2012 Ideal macro…
Additional Slides 26
NSAI Reserve Report Post Royalties 31.12.10 Aurora Net Reserves and NPV (post Royalty Interests) L/M Oil NGL/CND Gas BOE NPV(0) NPV(10) Reserve Category (bbls) (bbls) Mcf (bbls) USD million USD million Proved Developed Producing 0…
High liquids yield drives strong economics Incremental Value of Production from Sugarkane Liquids are significantly more 40,000 Rich Gas Condensate Wells 35,000 valuable than gas 30,000 Aurora wells have ranged from 25,000…
Sharp ramp up in production and cash flow generation Annual and Cumulative Cash Flow Net production expected to including Capex (USMM) increase to 5,000 boe per day by year end 3000 360 Cumulative Cash Flow (USD million)…
Production forecasts Gross Daily Production (mboe/d) Before proposed ramp up in development net production 35 forecast to peak at 29,000 boe 30 per day in 2019 Daily Production Rate (mboe/d) 25 Long life and high EUR wells…
Single well economics NSAI Gas/Condensate Type Curve Sugarkane Liquids Rich Well Type Economics Gross EUR 748 mboe NSAI Type Curve 1,200.00 30 CGR 274 bbl/mmscf 1,000.00 25 NPV10 (Pre Corporate Tax) 15.8 million 800.00 20 IRR…
Initial production results Improvements in decline curves have a significant impact on EURs. Decline after 10 months 58%, additional 27,000 boe (14%) produced in 10 months compared to NSAI type curve. These figures do not yet…
Core section from Luna 1H Well Example of Eagle Ford Shale Shows variation in lithology between Calcareous sediments and Organic shales Shows horizontal deposition and some lamination 33
Sugarkane field drilling & stimulation Fluids (typically 99% water & sand + 1% additives) are pumped under great pressure to generate millimetrethick fissures or fractures in the target formation. The additives enable the…
Loading...
