Aurora is a private, Houston-headquartered, developer of natural gas in the Cook Inlet, Alaska. Directly or through affiliates, Aurora has been associated with gas marketing and supply in the greater Anchorage area since 1994. Aurora will use the initial capital to acquire and develop proved undeveloped reserves and acreage, primarily on the west side of the Cook Inlet, and continue development of the Nicolai Creek field.
G. Scott Pfoff, President of Aurora, commented “We couldn’t be more excited by the opportunity this financing affords us in accelerating our growth as a gas producer and marketer in the Cook Inlet and by the quality of the financial partner we have secured in Kaiser-Francis.”
Kaiser-Francis added, “Aurora represents the most recent investment in our strategy of affiliating with outstanding technical and commercially savvy teams which have demonstrated their ability to develop hydrocarbon reserves at attractive cost outside of our main areas of operational activity.”
Andrew C. (Andy) Clifford, Vice President of Exploration and formerly VP Exploration Americas for BHP Petroleum said that, with the Kaiser-Francis financing, Aurora will be able to aggressively pursue the many prospects, leads and development opportunities he has already identified through application of subsurface geology, as well as 2D and 3D seismic on its existing and soon-to-be-acquired acreage. J. Edward (Ed) Jones, Aurora’s VP of Operations and formerly BHP Petroleum (Americas) VP Production/Asset Management, has already planned operations to commence this summer to recomplete several wells for production, utilizing technologies in the Inlet which are standard in other operating theaters.
Aurora expects to become a major producer of natural gas in the Cook Inlet and surrounding region within the next five years.
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