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
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