Global Leader in International Oil and Gas Industry News

posted in:

Aurora year end reserves report - effective 31 December 2012

Thursday, Jan 31, 2013

PERTH, Australia, Jan. 31, 2013 /CNW/ - Aurora Oil & Gas Limited ("Aurora") (ASX:AUT, TSX:AEF) is pleased to provide details of the independent reserves estimates for Aurora's working interests in the Sugarkane Field with an effective date of 31 December 2012.  The reserve estimates were prepared by the Houston based team of Ryder Scott Company, L.P. ("Ryder Scott") in accordance with the standards contained in the Canadian Oil and Gas Evaluation Handbook and with the reserve definitions contained in Canadian National Instrument 51 - 101- Standards of Disclosure for Oil & Gas Activities.

Type Curves

In order to generate the reserve estimates for the Sugarkane Field in the RS Report, a complex analysis involving multiple type curves, variations for well length and well spacing were used by Ryder Scott to generate the type curves applied to future well locations within the field development plan.

To provide further detail, Aurora has prepared the following plots and tabulated results to show an average type curve for the gas condensate and high GOR oil windows using the same data and methodology utilized by Ryder Scott in the RS Report, but over a wider area and applied to a normalised 5,000 ft lateral.  As such this internal analysis replicates the historical conservative approach adopted by Ryder Scott for the RS Report.

SOURCE Aurora Oil & Gas Limited

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Oil & Gas News

Air Products to Feature Its Range of Industrial Gas Supply Options and Advanced Gas Technologies at PTXi 2014 24-04-2014
FAR Ltd provides an update on current drilling program in Senegal and future plans in Kenya 24-04-2014
Hess announces sale of Thailand oil and gas assets 24-04-2014
Energid's Actin Software Revolutionizes Oil and Gas Exploration 24-04-2014
Bakken Energy Corp Begins Negotiation to Buy Oil Refinery in Southern Utah Uinta Basin 24-04-2014
Ferus Natural Gas Fuels Acquires Encana's Share in Alberta LNG Plant 24-04-2014
Fincantieri Offshore chooses AVEVA software for a revolutionary project 24-04-2014
Gazprom and Austria discuss alternative Russian gas routes to Europe 24-04-2014
APPEA: Time to lift barriers on New South Wales natural gas development 24-04-2014
BP to sell interest in four Alaska North Slope oil and gas assets 24-04-2014