Looks like the AUT reckon they are about to hit the big...

Looks like the AUT reckon they are about to hit the big time...shares all round!!

http://www.auroraoag.com.au/docs/2010/AUT20100120.pdf


20 January 2010
Dear Sir / Madam
Aurora Oil & Gas Limited Performance Rights Plan
The Directors of Aurora Oil & Gas Limited advise that shareholders will today be mailed a
Notice of Meeting convening a shareholders meeting on Friday 19 February 2010 to consider
and vote on resolutions regarding the establishment of a new Performance Rights Plan and
specifically the grant of Performance Rights to executive directors under that Plan.
The Remuneration Committee of the Board, consisting of independent non-executive
directors, has been responsible for approving the design and recommended offers to be made
to key executives under the Performance Rights Plan and is supported as a means of
improving Company performance and increasing shareholder value by:
Attracting quality key executives.
Motivating and retaining key executives.
Ensuring that some components of key executives remuneration remain directly aligned with
the fortunes of the Company over the medium to longer term.
The Performance Rights Plan will serve to align the interests of executives with shareholders
by providing direct participation in the benefits of future Company performance. The structure
of the Plan as a whole, including the level of entitlement, performance measures and time
periods before entitlement to rewards, has been designed to meet the particular needs of the
Company in terms of driving improved company performance.
The Plan has been designed to reward superior performance based on materially improved
Company performance in terms of growth in the value of Aurora and resulting increases in
shareholder value. The selection of suitable performance benchmarks was considered critical
to securing this objective and have all been set at significant higher levels than those
prevailing at the time of structuring the Plan.
A copy of the Notice of Meeting and accompanying documentation is attached hereto.
Yours sincerely
AURORA OIL & GAS LIMITED
Jonathan Stewart
CHAIRMAN