09:49 AM EST - Aurora Oil & Gas Limited : provided the following update to its independent proved and probable reserves estimate for the Company's working interests in the Sugarkane Field with an effective date of October 31. Total proved (1P) reserves - 72.8 MMboe, which is comprised of 53.95 MMbbls of light oil, condensate and natural gas liquids and 112.91 Bscf of natural gas. On a post royalty basis this equates to 53.79 MMboe and an NPV(10) of $716 million U.S. Total proved plus probable (2P) reserves - 79.7 MMboe, which is comprised of 59.49 MMbbls of light oil, condensate and NGLs and 121.01 Bscf of natural gas. On a post-royalty basis this equates to 58.87 MMboe an NPV(10) of $768 million U.S. On a BOE basis, these figures represent a 150% increase in the 1P reserves and a 40% increase to the 2P reserves since the last reserves update as at August 31. Aurora Oil & Gas Limited
shares T.AEF are trading even at $3.34.
