Aurora Oil & Gas Corporation · Traverse City, MI United States ·(Pink Sheets: AOGS)

The drilling of oil and gas wells has an aura of profitability for independent Aurora Oil & Gas (formerly Cadence Resources), which has exploration and production projects primarily in Indiana, Kentucky, and Michigan. The company focuses on developing unconventional gas reservoirs such as black shales, coal seams, and tight sands, including the black shales of Michigan and Indiana. It has more than 1.2 million gross acres of undeveloped land. Aurora Oil & Gas has estimated net proved reserves of more than 166 billion cu. ft. of natural gas equivalent. Saddled by heavy debt, the company filed for Chapter 11 bankruptcy protection in 2009. To read the full description, subscribe now.