Aurora Oil & Gas will continue to seek further acquisitions in and around its shale gas properties in the Eagle Ford region in Texas after completing two in the second quarter, technical director Ian Lusted told investors on a teleconference. The purchase of Eureka Energy and of an additional stake in the Sugarloaf AMI asset means Aurora should now become cash flow positive in late 2013.
TXN Price at posting:
46.5¢ Sentiment: Buy Disclosure: Held