AUT - Aurora Oil and Gas

condog · 4 February 2011

Japes your doing alright thier, pretty close tot he mark. AUT own 9560 acres net, after hilcorp meet thier farmin obligation accross sugarloaf, ipenema and longhorn. Then they just recently purchased another 5000 acres called excellsior. TCEI was the original operator, but then Hilcorp excersized thier right to take over as operator.

Sharejon said:
Condog,
First of all, thanks. Secondly, are the boep/d figures you use based on the production at the end of 2011/2012/2013 etc or are they production averages for the year?

And with the wells, you seem to mentioned a figure like 400 boep/d and 2 mmcf/d. Is the 2 mmcf/d included in the 400 boep/d in your mentioned figures?

Cheers, sharejon.

400boepd of condensate + 2mmcfgpd as two seperate production figures. I should actually be calling it 400bocpd and 2mmcfgpd.

Im using them as production averages per well.

condog · 4 February 2011

Another very basic way to value it is peer comparison. 3p reserves currently at 82mmboe. Mcap approx $1.2B. = approx $14per boe in ground.

TXN = 2.25mmboe with mcap 137M = approx $60 per boe

EKA = 5mmboe with 90M mcap = $$18 per boe in ground

condog · 4 February 2011

Hmm very very interesting to say the least. What is the new shaded are on the map ??

On page 9 of the presentation, which is page 10 of the pdf file.

Pretty sizable too. If that eventuates into an acqusition, i think we can say hello $4.50 pretty quickly.

There have certainly been enough hints about further acqusitions.

Then foloowed by this

They certainly imo seem to be pointing toward a negotiated acqusition of those red dots in the shaded area above. Otherwise why else would you define that shaded area above. hmmm????

It would appear that shaded area covers those red dots and the two greens to the South west in Live Oak. It ticks all the boxes , id nearly put money on it we are in for an announcment on this very soon .

Burlington, Pioneeer, Cinco and a few with lighter activity including Talisam, RoyalProd Co, MCCombs and a few others have had wells in late 2010 and early 2011 in Live Oak. I havent pinpointed who the acerage belongs to yet.

AngusSmart · 4 February 2011

condog said:
Hmm very very interesting to say the least. What is the new shaded are on the map ??

On page 9 of the presentation, which is page 10 of the pdf file.

View attachment 41188

Pretty sizable too. If that eventuates into an acqusition, i think we can say hello $4.50 pretty quickly.

There have certainly been enough hints about further acqusitions.

Then foloowed by this
View attachment 41189
They certainly imo seem to be pointing toward a negotiated acqusition of those red dots in the shaded area above. Otherwise why else would you define that shaded area above. hmmm????

It would appear that shaded area covers those red dots and the two greens to the South west in Live Oak. It ticks all the boxes , id nearly put money on it we are in for an announcment on this very soon .

Burlington, Pioneeer, Cinco and a few with lighter activity including Talisam, RoyalProd Co, MCCombs and a few others have had wells in late 2010 and early 2011 in Live Oak. I havent pinpointed who the acerage belongs to yet.

https://www.aussiestockforums.com/forums/showthread.php?t=5370&p=598189&viewfull=1#post598189

Back on page 92

i looked into this a bit on trrc and found its all connoco's from what i could tell anyway.. unsure of the exact orientation

poverty · 4 February 2011

Gonna try and get some of this today for ~2.95, if I can manage to sell another holding. Planning to hold until ~June, good prospects for SP growth in that time-frame I'm hoping.

poverty · 4 February 2011

In @ $2.94

Sirbill · 4 February 2011

Topped up at $2.90

Condog, any ideas whats with the massive drop today?

rockhound308 · 4 February 2011

The following link is worth a look if you haven't already seen it. Maybe TCE or Hilcorp will offload a bit more acreage to AUT

Cant vouch for the accuracy so DYOR

http://info.drillinginfo.com/urb/ea...rridor-producing-the-best-wells-in-the-trend/

trader8888 · 4 February 2011

Not sure if anyone had mentioned these before, but we have a few new well permits approved-

SALGE UNIT - 1H
BUEHRING UNIT - 1H
HOLLMAN UNIT - 1H
TURNBULL - 5H
TURNBULL - 6H

condog · 4 February 2011

Rockhound, nice find. That TX Crude Energy area indicated with the blue almost fits the shape of the shaded area indicated on the AUT presentation.

I noticed a lot of similarities when i cropped it.

Good luck finding info on TCEI, very difficult, but would be great if someone can find more info on them.

rockhound308 · 4 February 2011

condog said:
Good luck finding info on TCEI, very difficult, but would be great if someone can find more info on them.

I'm hearing you, have tried as well but these private US oilers keep their cards close.

I don't believe there is too much to be read into AUT including the Sugarkane AMI in their graphics, its all ways been there just the graphics are a bit nicer now. Would love to be proven wrong though.

Supprised to see some large gaps in the leaseing especially below Turnbull, now that would be nice to have!

http://img841.imageshack.us/img841/3143/liveoakpermits.jpg

zzaaxxss3401 · 5 February 2011

Sirbill said:
Topped up at $2.90

Condog, any ideas whats with the massive drop today?

DYOR. I'm expecting it to drop even further. Still slightly overbought, but travelling nicely.

AngusSmart · 5 February 2011

I got a little bored but wanted to highlight where that map was really pointing to.. them maps they add to their presentations are not to scale obviously..

i've labeled most of the wells that Hilcorp/aurora etc participate in.. The thick brown lines are the countys borders....

and on the other side into Live oak county where BURLINGTON RESOURCES O & G CO LP aka conoco have all their wells. which i'd dare say is all that orange questionable area on the map

condog · 5 February 2011

Hi Angus, so you reckon they are burlington. On initially looking i thought the same , but after looking at the link above, im convinced the area is TCEInc. Thos blue areas if cropped properly have a scary resemblance to that shaded area. And given Jon Stewart knows TCEI mgmt extremely well, hed certainly be in a good position to negotiate something with TCEinc.

Its all speculation sofar, but hey why the hell would you shade that orange area if it was meaningless.

condog · 5 February 2011

I note sharejon and esteon have been talking about infill acerage. LAst time i raised that with Jon he said pretty much a blanket no on that front, they are more targeting parcels of surrounding acerage, where the owner/operator are struggling or wont meet thier drilling obligations.

AngusSmart · 5 February 2011

condog said:
Hi Angus, so you reckon they are burlington. On initially looking i thought the same , but after looking at the link above, im convinced the area is TCEInc. Thos blue areas if cropped properly have a scary resemblance to that shaded area. And given Jon Stewart knows TCEI mgmt extremely well, hed certainly be in a good position to negotiate something with TCEinc.

Its all speculation sofar, but hey why the hell would you shade that orange area if it was meaningless.

Thats the exact same question i was asking myself and posted here a 20 pages back.. lets hope they will become part of Auroras acreage anyway hey. its smack bang in the pressure oil zone..

Every well i click where i have written burlington comes up as burlington and they have smashed the area with so many wells.. and the further left i go into liveoak. the more burlington wells i come across.

So tx crude energy is tcei??

AngusSmart · 5 February 2011

Oh and does anyone know what guy is charging for that software? or access to the info from drilling info.com??

donteatme · 5 February 2011

I finally bought in at $2.92, wish that I did so earlier, but still glad to be sitting on this beast.

BrightGreenGlow · 5 February 2011

Guys, how does dually-listed companies work in regards to SP affecting the other?

Are new shares issued for the new listing?
Surely open markets would track the company at roughly the same value?

Sorry if this is a really n00b question but this is in relation to AUT and any info would be great and I'm sure others would appreciate an answer from the experienced guys here.

Thanks in advance.

HEA815 · 6 February 2011

Got a nice little write up in the Eureka Report yesterday

In the world of exploration – where the hyperbole comes thick and fast – Aurora (AUT) is the real deal. The $1.2 billion company that you’ve never heard of is a genuine 10-bagger riding the coattails of drilling success and a spike in the oil price.

I wonder who exactly hasn't heard of it, seems to me to have got quite a bit of a following...

AUT - Aurora Oil and Gas

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