News

March 04, 2010

Aurora Oil & Gas Positions Itself On The Frontline Of American Unconventional Gas Surge As Sugarkane Project Gains Momentum

A new investor presentation from Aurora Oil & Gas makes it very clear that this ASX-listed oil junior sees itself playing with the big boys on the frontline of the North American surge in unconventional gas supplies. Aurora is exploring 50,000 acres of the proven Sugarkane gas and condensate field in South Texas, looking for uptapped horizons. Significantly, these include the Eagle Ford shale and Austin Chalk formations, giving the ASX company a front seat in America’s dash for shale oil and gas, the latest industry buzz.

Aurora’s investor presentation quotes two leading industry figures to provide the context for its Sugarkane project.  “Unconventional gas is a complete game changer in the US, it probably transforms the US energy outlook for the next 100 years,” said BP’s chief executive Tony Hayward in January 2010.  That same month, Daniel Yergin, chairman of respected consultancy CamBridge Energy Research Associates, said: “The biggest development of the first decade of the 21st century is not...