Aurora Oil & Gas (fka AOGSQ)

[TITAN]

Aurora Oil & Gas Corp.
4110 Copper Ridge Drive
Suite 100
Traverse City, MI 49684
United States - Map
Phone: [phone]
Web Site: http://www.auroraogc.com

[TITAN]

BUSINESS SUMMARY
Aurora Oil & Gas Corporation, an independent energy company, focuses on the exploration and development of unconventional natural gas reserves. The company owns working interests in 640 gross and 320 net wells, which included 28 gross and 26 net non-producing wells of Antrim shale properties in northern Michigan; and working interests in 61 gross and 19 net wells that included 27 gross and 10 net non-producing wells of New Albany shale properties in southwestern Indiana. It also owns 33,219 net acres of Woodford shale properties in Oklahoma with approximately 15 conventional producing reservoirs. As of December 31, 2007, the company had proved reserves of approximately 166.6 billions cubic feet; and acquired approximately 1,283,183 gross and 712,215 net acres with 166,595 millions cubic feet of natural gas equivalent in net proved reserves. Aurora Oil & Gas Corporation is based in Traverse City, Michigan.

[everett7]

RSI is on the move up but still big resistence at .05.

[Toa]

Reposted from Yahoo board


Fidelity Management and Research fund purchased those shares on 2-14-08
Do your homework! S.E.C. website shows original filing, they reported on 10 -10 -08, that they still hold 9.3 mil shares,original filing ( 2-14-08 ) was over 15 mil shares, they have reduced holdings, therefore must report to sec---------

Unfortunately this seems to be an inconvenient truth

T

[sea_devil]

That would not be good. If it happens, I guess I'll weather the storm. This has got to move forward. Quarterly report comes out soon as well and lets hope its good. I have a feeling it will be or Fidelity would not have bought the 9+ Million shares. I would think they would have researched this before a big purchase like that


Cash - All IMHO

[everett7]

Makes me nervous though there were 2 million shares on the ask at .03 when we closed Friday, someone wants out bad still, I'm thinking it's possible if they want out that badly they could drop their ask to .02 early next week . . .

[sea_devil]

Wow! Like I stated earlier, I couldn't make out if those small shares were Buys or Sells. They looked like Buys and I guess they were. Great news!! Glad we hung on

[invresearch]

Would be nice to know what is going on cause it seems cheap but then again it maybe dumping or the company.

[invresearch]

Maybe they covered the short position

[everett7]

NEWS: Fidelity Management & Research just purchased over 9 million shares of AOG, do you think this dog is dead yet????


http://sec.gov/Archives/edgar/data/315066/000031506608003829/filing.txt

[sea_devil]

I couldn't really tell if most were sells or buys? It was hard to see on my L2

[sea_devil]

I agree. Brutal today!

[copaco2007]

can u give us a link pls for those 14 million dumped shares pls? im worried

[everett7]

14 million shares dumped over the past 4 days, there were 2 million + on the ask at .03 when the market closed - AOG is now the lowest priced stock on AMEX, aside from NMGC which declared bankruptcy last week and is trading over .02 cents.

Last I checked, AOG just received $15 million in cash from the shale and still has over $1 in shareholders' equity.

I'm not sure who's dumping 20 million shares in the open market, but it's very suspicious to me for this to be at .03 cents.

[sea_devil]

Huge dump, but looks like we're starting to recover a tiny bit

[ajamku]

Yes it is :( hope this is bottom

[sea_devil]

Market is down huge! I hope this rebounds on Monday

[sea_devil]

What the heck! I'm not sure what to do? This stock always follows the market and the Dow plunged this afternoon


Cash - All IMHO

[ajamku]

I GOT IN TODAY @ 04 Oh Well LOL

[everett7]

Ouch, 1.2 million shares on the ask at .03, I give up . . .

[sea_devil]

I think most of this is small buys and not selling. Look at the Accum/Dist line on the 15min chart. Rising and rising. Maybe they have been dropping the ASK, so the company or whomever can buy at a cheap price

[sea_devil]

I don't know what to make of it.

[everett7]

Doesn't make sense, the shares were getting gobbled up at .05, why drop it down to .04 and sell there??

[everett7]

This is unbelievable, some institutions are really desperate to liquidate here, over 11 million shares now, I don't even think any institution owns that many shares???

[sea_devil]

I'll take it too.

[everett7]

Well, closed unchanged after all of that. We really need to break that .05 resistence, but with the market down 700 points, I'll take unchanged.

[everett7]

Yup another 100K just showed up geez

[sea_devil]

Hidden for sure. Show small sizes at .05 and then more just keep appearing out of thin air

[everett7]

There are hidden shares at .05, which doesn't make sense because they could definitely sell them at .06, .05 could go any second if they took away the hidden shares.

[sea_devil]

Level 2 flip floppin' all over the place. Just when you think we broke .05, it drops back

[sea_devil]

I don't get it myself. This has to move soon; Hopefully Friday or early next week

[everett7]

There's still a ridiculous wall at .05, almost 10 MILLION ! shares purchased at .04 and .05 the last 3 days.

[sea_devil]

I agree. Positive news and the fact that the banks want to keep a relationship is very positive. The banking industry is in turmoil right now and not willing to risk anything. This is why the 700B plan had to pass. We (business owners, etc.) need lending power back; if not more businesses fail

[everett7]

I see this news release as positive: $15 million from the Woodford shale plus 3% royalties and extinguishment of litigation??

Also lenders provided notice of default but have verbally indicated their desire to continue the standstill while Aurora pursues strategic asset divestitures.

[everett7]

Nevermind that, back under .05 and corporate update out geez

[everett7]

That's it, someone just cleared out the rest of the .05 shares, we're through !

[sea_devil]

I would think the next quarterly report would be good. Gas/oil prices were through the roof all summer. I expect something around the 15th of October

[sea_devil]

I agree. I think next week we'll get the pop we're looking for.

[everett7]

I don't understand the point of NASDAQ continuously lowering 300 shares on the ask, how much money could they possibly be making doing that??

[everett7]

Yeah I just have no idea where they keep pulling these shares from at .05, I'd love to see it break .05 today though to start a run . . .

[sea_devil]

No doubt. It looks like it will go soon though; a matter of time

Did you notice the MM's hit that.065 this morning at 0 shares. Chart is looking better if we can hold the low today of .041. If we can close above .05, we're looking real good IMHO

[everett7]

NASDAQ keeps lowering the ask under the current PPS, getting really annoying

[everett7]

Man they will NOT let this thing get past .05, tons of hidden shares . . .

[sea_devil]

I saw that on L2 this morning as well. I updated the chart in the iBox. Look at that pinch formation.

We hit a higher high today and hopefully the low is higher than Wednesday. MM's are grabbing all the cheap shares they can before this pops back to .15+

IMHO

[everett7]

NASDAQ is totally messing with the ask, I don't see any wall at .05, it hit .065 at open

[sea_devil]

Possible "pincher" forming. Need that RSI to come up

[sea_devil]

I could agree with that.

[everett7]

Got your PM but can't respond because I'm not a paying member - I agree with you but think we will get there in days/weeks and not months, don't forget this was at .15 last week !

[everett7]

What is your short and long term price target? This thing has a book value of over $1.00 and is trading at .05 cents!!! I think this could have a pretty big 2-3 day run over the next few weeks.

[sea_devil]

I agree. If it was/is an institution selling, why would they kill the PPS and do it on the open market?

Lets hope and pray that this IS the bottom and we move up from here. I'm in at .05, so seems bright for us. I would like to hold this Long and hopefully the next PR/quarterly report has something positive.

Possible pincher play. I'm watching the Daily Chart waiting for RSI to move up (way oversold)