valuations are totally wrong here, page-22

yet another debt raising for aut whom are busy looking for more assets to bolt onto its portfolio

July 26, 2012

AURORA OIL & GAS LIMITED ANNOUNCES PROPOSED OFFERING OF SENIOR NOTES

Aurora Oil & Gas Limited (TSX: AEF) (ASX: AUT) today announced plans for its wholly-owned US-based
subsidiary, Aurora USA Oil & Gas, Inc. (the “Issuer”) to commence, subject to market and other customary
conditions, a private placement of US$100 million aggregate principal amount of 9.875% senior unsecured
notes due in 2017 (the “Additional Notes”). The Additional Notes will be a follow-on offering to the Issuer’s
US$200 million aggregate principal amount of 9.875% senior unsecured notes issued on February 8, 2012
(the “Existing Notes”), and will form a single series of debt securities with the Existing Notes. The Additional
Notes will be issued as senior unsecured obligations of the Issuer, and will be guaranteed by Aurora and
each of the subsidiaries of the Issuer. The Issuer intends to use net proceeds from the proposed Additional
Note offering to fund capital expenditures for development of its holdings in the Eagle Ford shale trend
(together with other sources of liquidity) and for other general corporate purposes, including financing
potential future acquisitions of oil and natural gas interests in its core areas.


that would be enough to buy txn on market today.. just need to flip in an extra 10...