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Sydney, Aug 1, 2007 AEST (ABN Newswire) - 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:
Acquisition of major land position secured in the targeted Sugarloaf Texas area.
- Program for testing shallower zones in Sugarloaf-1 agreed and preparations commence.
- Plans agreed to drill Sugarloaf-2 well as a horizontal well offset to Sugarloaf-1.
- First well at West Black Lake completed and put on production.
- Analysis and interpretation of seismic monitoring at North Belridge completed and date for fracture stimulation of Well 26-2H scheduled for mid August.
- Development of High Island gas-condensate discovery advances via Gawler Resources Limited (to merge with North Sea explorer Elixir Petroleum Limited).
- Post Balance Date $10.6 million placement plus 1 for 10 Non Renounceable Rights Issue to raise up to an additional $9.6 million for the Company in November.
