production update

This has just been released to the Toronto Stock Exchange
Aurora Oil & Gas Limited - Statement Regarding Inclusion in S&P/ASX 100 Index and Production Update
PERTH, Australia, June 7, 2012 /CNW/ - Aurora Oil & Gas Limited (ASX:AUT) (TSX:AEF) is pleased to announce that it will join the S&P/ASX 100 Index after the close of markets on June 15, 2012, following recent adjustments to the S&P's/ASX indices. The S&P/ASX 100 Index (ASX:XTO) is Australia's premier large capitalisation equity index, it is comprised of 100 stocks selected by the S&P Australian Index Committee. The index provides a benchmark for large active equity fund managers whose emphasis is on having a portfolio with strong liquidity. It essentially covers large-cap and mid-cap stocks evaluated for liquidity and size.

Jonathan Stewart, Aurora's Executive Chairman and CEO, said, "Aurora's inclusion in the S&P/ASX 100 Index reflects the successful transition from exploration success to a rapidly growing international oil & gas producer."

In addition, Aurora is pleased to provide an update on current production from its acreage in the Sugarkane Field in the Eagle Ford Shale trend resulting from the accelerated 2012 development schedule on its acreage. As at May 31, 2012, there were 118 wells on production in which Aurora has an interest and Aurora's average gross production as at such date was approximately 9,000 boe/d (6,600 boe/d net). This represents a 31% increase on the previously advised average daily production in April and an 89% increase to the average production of Q1 2012.

With a current market capitalisation of approximately $A1.5 billion, a strong balance sheet and the recently announced acquisition of additional acreage in the Sugarkane Field, Aurora is positioned to maintain its strong production growth profile through 2012.