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Article: Aurora Oil & Gas Corporation Completes Exchange of New Albany Shale Acreage.
- Article from:
- PR Newswire
- Article date:
- August 26, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TRAVERSE CITY, Mich., Aug. 26 /PRNewswire-FirstCall/ -- Aurora Oil & Gas Corporation today announced that it has successfully completed a cashless exchange of various New Albany shale properties in a "net acre for net acre" transaction with an undisclosed operator. The exchange is more fully described as follows:
North Knox County Project Area
This project area is found on the western edge of southern Indiana and was formerly operated by Rex Operating Company. Aurora owned approximately 19,240 net acres in this project, and had not reported any proved reserves associated with its ownership. Aurora's entire stake in this project has been divested.
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