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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 2GgFe7cBJu+hfC6gAym9dg==

<SEC-DOCUMENT>0001144204-07-010203.txt : 20070227
<SEC-HEADER>0001144204-07-010203.hdr.sgml : 20070227
<ACCEPTANCE-DATETIME>20070227133302
ACCESSION NUMBER:		0001144204-07-010203
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070223
FILED AS OF DATE:		20070227
DATE AS OF CHANGE:		20070227

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SCHAEFFER WAYNE G
		CENTRAL INDEX KEY:			0001232511

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32888
		FILM NUMBER:		07652407

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		810-766-7978

	MAIL ADDRESS:	
		STREET 1:		328 S SAGINAW ST
		CITY:			FLINT
		STATE:			MI
		ZIP:			48502

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Aurora Oil & Gas CORP
		CENTRAL INDEX KEY:			0000933157
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				870306609
		STATE OF INCORPORATION:			UT
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		4110 COPPER RIDGE DRIVE
		STREET 2:		SUITE 100
		CITY:			TRAVERSE CITY
		STATE:			MI
		ZIP:			49684
		BUSINESS PHONE:		(231) 941-0073

	MAIL ADDRESS:	
		STREET 1:		4110 COPPER RIDGE DRIVE
		STREET 2:		SUITE 100
		CITY:			TRAVERSE CITY
		STATE:			MI
		ZIP:			49684

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CADENCE RESOURCES CORP
		DATE OF NAME CHANGE:	20010815

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROYAL SILVER MINES INC
		DATE OF NAME CHANGE:	19960223

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CONSOLIDATED ROYAL MINES INC
		DATE OF NAME CHANGE:	19950908
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>v067115_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-02-23</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000933157</issuerCik>
        <issuerName>Aurora Oil &amp; Gas CORP</issuerName>
        <issuerTradingSymbol>AOG</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001232511</rptOwnerCik>
            <rptOwnerName>SCHAEFFER WAYNE G</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>11405 FAWN VALLEY TR.</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>FENTON</rptOwnerCity>
            <rptOwnerState>MI</rptOwnerState>
            <rptOwnerZipCode>48430</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Common stock option</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>3.62</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2007-02-23</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>70000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2008-02-23</value>
            </exerciseDate>
            <expirationDate>
                <value>2012-02-23</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>70000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>70000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Common stock option</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>3.62</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2007-02-23</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>70000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2009-02-23</value>
            </exerciseDate>
            <expirationDate>
                <value>2012-02-23</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>70000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>70000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Issued in exchange for services rendered as Director of the Company.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Wayne G. Schaeffer</signatureName>
        <signatureDate>2007-02-27</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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