SUBJECT: Aurora Oil & Gas Limited ? New Frac Technology Upside
IMPACT: Positive ? Could improve EUR?s per well by at least 25%.
? We already see up to a 10 fold increase in Aurora?s reserves based on higher EUR?s, potential down spacing and from the uphole Austin Chalk, but if this new technology works we see further upside in this asset base. Petrohawk stressed that one of the benefits of the HiWay frac is that it is even a little cheaper per stage than a conventional hybrid frac as they use a little less sand. This will further improve the NPV per well for Aurora if this proves to be the route of choice for future development in the Eagle Ford.
? Aurora is expected to start trading tomorrow on the TSX under the new symbol ?AEF?.
gmp update 10 fold increase in reserves
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