Aurora Oil & Gas Limited - Jefferies
Aurora Oil & Gas Limited - Jefferies
Aurora Oil & Gas Limited - Jefferies
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Marathon: Experienced partner committed to development<br />
“The Eagle Ford is the top basin we have in the world today…we love the geology.” Q4 ‘11 Marathon <strong>Oil</strong> Conference Call<br />
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<strong>Aurora</strong>’s Sugarkane acreage is operated by Marathon, a S&P 500 energy company<br />
Since Nov ‘11 Marathon agreed ~US$5.5 billion of acquisitions in the Eagle Ford<br />
Marathon has allocated ~US$1.5 billion of its annual capital expenditure budget to its Eagle Ford<br />
acreage for the next 5 years.<br />
Operator committed to optimising drilling, completion and production processes<br />
<strong>Aurora</strong> and Marathon have a common economic imperative for development<br />
"Our investment in the Eagle Ford<br />
shale a little more than a year ago, and<br />
our bolt-on acquisitions since then,<br />
continue to deliver value beyond<br />
original expectations. Not only have<br />
we improved the speed and efficiency<br />
of our drilling and completions there,<br />
we also continue to optimize well<br />
spacing which could significantly<br />
increase drillable locations and<br />
recoverable reserves.” Marathon <strong>Oil</strong><br />
CEO Clarence Cazalot 06.11.12<br />
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