SHALE AND UNCONVENTIONAL GAS

Aurora seeks $120M for shale development

AURORA Oil and Gas plans to raise around $A120 million through an underwritten placement to fund the development of its increased Sugarkane field acreage in the liquids-rich area of the Eagle Ford shale.

Marija Stojkovic

Aurora seeks $120M for shale development

Earlier this week, Aurora increased its stake in the prospective Sugarkane field to 21.8% after the purchase of an additional 6% interest from Marathon Oil for $US95 million. The company will fund the...

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