Aurora Announces Pricing of Public Offering

Aurora Oil & Gas Corporation on Friday announced the pricing of a public offering of 24 million registered shares of its common stock, including 8 million shares offered by a selling shareholder, at a price to the public of $3.00 per share. Aurora has also granted the underwriters a 30-day option to purchase a maximum of 3.6 million additional common shares to cover any over-allotments.

Net proceeds from the offering are expected to be approximately $44.5 million or $54.7 million, if the underwriters exercise their over-allotment option in full. Aurora expects to use the net proceeds from the offering to fund exploration and development activities and for other general corporate purposes including acquisitions. Pending such use, the net proceeds will be used to repay amounts outstanding under its senior secured credit facility.

Johnson Rice & Company, LLC is the sole book-running manager and KeyBanc Capital Markets, a division of McDonald Investments Inc., and Morgan Keegan & Company, Inc. are co-managers in this offering. Copies of the final prospectus relating to the offering may be obtained by contacting:

     Johnson Rice & Company, LLC
     639 Loyola Avenue, Suite 2775
     New Orleans, LA  70113

Aurora Oil & Gas Corporation is an independent energy company focused on unconventional natural gas exploration, acquisition, development and production with its main operations in the Michigan Antrim Shale and New Albany Shale of Indiana and western Kentucky.


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