TORONTO, Feb. 6, 2014 /CNW/ - Aurora Oil & Gas Limited (Aurora) (ASX:
AUT) (TSX: AEF) advises that Non-Executive Director Mr Gren Schoch has
resigned from his position as a Director.
Due to personal reasons Mr Schoch will no longer be in a position to
meet the Aurora Board time commitments, particularly given additional
time demands required during the proposed transaction with Baytex
Energy Corp. announced today.
Mr Schoch fully supports the Board's recommendation that Aurora
shareholders vote in favour of the proposed Scheme of Arrangement with
Baytex, in the absence of a superior proposal and subject to the
Independent expert concluding that the transaction is in the best
interests of shareholders.
Aurora Executive Chairman Jon Stewart said: "Gren has been a Director of
Aurora since 2005 and has been a valuable contributor to the Board with
his industry background and North American markets experience. The
Board wishes to express its gratitude for his contribution."
Aurora is an Australian and Toronto listed oil and gas company active in
the over pressured liquids rich region of the Eagle Ford Shale in
Texas, United States. Aurora is engaged in the development and
production of oil, condensate and natural gas in Karnes, Live Oak and
Atascosa counties in South Texas. Aurora participates in over 80,200
highly contiguous gross acres in the heart of the trend, including over
22,200 net acres within the liquids rich zones of the Eagle Ford.
Aurora recently announced an approximate 14,000 net acre position in
the Eaglebine play of East Texas.
SOURCE: Aurora Oil & Gas Limited
For further information:
Aurora Oil & Gas Ltd
Tel: +61 8 9380 2700
Tel: +61 8 9485 8888
Mob: +61 404 094 384