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Aurora Oil & Gas Corp. Message Board

  • itsabet itsabet May 12, 2008 8:13 AM Flag

    New Alany Shale and Marcellus Shale

    Here is what makes this company a steal at fifty cents: They have about 1,000 locations in between Noble Energy and El Paso Energy smack dab in the middle of the New Albany Shale play in Indiana. The economics and the depth are different, but the pay-out is the same. These wells will pay out at 11 dollars for natural gas in about a year. They only cost about 500,000 to drill and complete, then they are like an annuity, minting money with a slight decline for 30 years or more. What AOG is looking for, are the best possible terms to get enough money to keep sliding a rig from location to location, until the cash flow covers the drilling with no borrowing. They'll get it, too. That's what the deal is: Taking the time to get the right financing or partner to maximize the benefit to the shareholders.

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