SUGARLOAF OPERATIONS UPDATEAurora Oil & Gas (Aurora) is pleased...

SUGARLOAF OPERATIONS UPDATE
Aurora Oil & Gas (Aurora) is pleased to provide the market with the following update on operations within the Sugarloaf AMI.
Easley #1H
The pilot hole has been drilled and logged demonstrating a full 236 ft Austin Chalk and Eagle Ford section, which was in line with expectations. The pilot hole has now been plugged back and the kick off and build to the horizontal section of the well is presently underway.
Weston #1H
The fracture stimulation operations at Weston have been successfully completed and the isolation plugs set as part of that staged process have now been drilled out. The well is presently being flowed to sales and is being cleaned up. A further announcement will be made once production data is available.
ASX participants in the Sugarloaf AMI are:
Aurora (ASX:AUT) 20% (pre-farmout)
Adelphi (ASX:ADI) 20% (pre-farmout)
Eureka (ASX:EKA) 12.5% (pre-farmout)
Aurora also participates as a 50% WI holder in a larger area made up of an additional ~ 27,000 acres within the Sugarkane Field adjacent to Sugarloaf. Aurora is the only listed participant in these areas which are also subject to farmout to Hilcorp for the drilling, stimulation and tie in of a further 4 new wells (please refer to earlier releases).
Yours sincerely
AURORA OIL & GAS LIMITED
Jon Stewart
Executive Chairman