Aurora Oil & Gas Limited - Satisfaction of condition precedent

PERTH, Western Australia, April 11, 2014 /CNW/ - Aurora Oil & Gas (ASX:AUT, TSX:AEF) (Aurora) is pleased to announce it has been advised by Baytex Energy Corp. (Baytex) that Baytex has received written notification from the Foreign Investment Review Board (FIRB) confirming that FIRB has no objection to the proposed acquisition by Baytex, through its wholly owned subsidiary, Baytex Energy Australia Pty Ltd, of all the shares in Aurora pursuant to a proposed scheme of arrangement.

This satisfies another of the conditions precedent to implementation of the scheme contemplated by the Scheme Implementation Deed between Aurora and Baytex, a copy of which was released on the ASX on 7 February 2014 (SID).

Transaction update

Aurora and Baytex continue to work collaboratively towards satisfying the remaining conditions precedent to the scheme as set out in the SID. As far as Aurora is aware, as at the date of this announcement, there are no circumstances that have occurred which will cause any of the conditions not to be satisfied or to become incapable of satisfaction. Aurora will continue to keep shareholders informed of the status of the satisfaction of the condition precedents and the scheme generally.

SOURCE Aurora Oil & Gas Limited

For further information:

Investors:   
Jon Stewart   
Executive Chairman  
Aurora Oil & Gas Ltd  
Tel: +61 8 9380 2700  

Media:
Shaun Duffy   
FTI Consulting   
Tel: +61 8 9485 8888  
Mob: +61 404 094 384  
Shaun.Duffy@fticonsulting.com