Aurora Oil & Gas Limited

Australian Market Report of December 16, 2010 includes: Indo Mines Limited (ASX:IDO) will commence production of commercial trials of iron concentrate in Indonesia; West African Resources Limited (ASX:WAF) reported its most significant results to date at Boulsa Gold Project in Burkina Faso; Molopo Energy Limited (ASX:MPO) had achieved its first proved onshore gas reserves in South Africa; Aurora Oil & Gas Limited (ASX:AUT) is to raise A$120 Million to fund Eagle Ford Shale Acquisition.

Aurora Oil and Gas (ASX: AUT) announce their quarterly report for the year ending 30th June, 2007. The highlights and link to the full report follow.

Aurora Announce Operations Update on Sugarloaf Project

At report time (0600 hours on the 2 July, 2006 California time) the North Belridge 26-1H well had reached a depth of 10,247 feet in the vertical pilot hole and was drilling ahead slowly in the reservoir section.

#1 Dolores is the first of 5 initial development wells planned on the West Black Lake gas discovery, which is located onshore Texas, USA. #1 Dolores is located approximately 1,300 metres north-east of the discovery well which intersected a gas-bearing reservoir interval totaling 300 feet.

Aurora Oil and Gas announce that the NB26-1 Well spudded at 1930 hours California time on 11 June. At report time (0600 hours on the 12 June, 2006 California time) the well had reached a depth of 570 feet in 14.25 inch diameter hole and was drilling ahead.

Aurora Receives Credit Committee Approval for US$10 Million Project Finance Facility
Aurora Oil and Gas Limited (ASX: AUT) is pleased to announce that it has received Credit Committee approval for a US$10 million loan facility from a major international bank.

Aurora Oil and Gas Limited (ASX: AUT) is pleased to announce that it has entered into an agreement to acquire an interest in the West Black Lake Project, which has the potential to host approximately 600 billion cubic feet (BCF) of gas and on which development drilling will commence in early 2006.