8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):		February 28, 2007
AURORA OIL & GAS CORPORATION
(Exact name of registrant as specified in its charter)
UTAH	0-25170	87-0306609
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
4110 Copper Ridge Drive, Suite 100, Traverse City, MI		49684
(Address of principal executive offices)		(Zip Code)
Registrant’s telephone number, including area code:		(231) 941-0073

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

Today, Aurora Oil & Gas Corporation announced its final year-end 2006 proved reserves value. The final year-end 2006 report, issued by Schlumberger Data and Consulting Services, values 153 billion cubic feet equivalent (Bcfe) of net proved reserves at a pre-tax PV-10 of $159 million, exclusive of existing hedges. This represents an increase of $20 million in the pre-tax PV-10 from the amount reported on February 14, 2007 of $139 million and is due to a correction of estimated future production costs. A copy of the press release is included as Exhibit 99.1 to this report.

The information in this Current Report appearing under the heading “Item 7.01 Regulation FD Disclosure,” including Exhibit 99.1 is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended.

Item 9.01 Financial Statements and Exhibits.

c. Exhibits

Exhibit No. Description

99.1 Aurora Oil & Gas Corporation press release dated February 28, 2007 entitled “Aurora Oil & Gas Corporation Releases Final Year-End 2006 Reserves Value.”

SIGNATURES

According to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on February 28, 2007.

	AURORA OIL & GAS CORPORATION
Date: February 28, 2007		/s/ William W. Deneau
		By: William W. Deneau
		Its: President

EX-99.1

Aurora Oil & Gas Corporation Releases Final Year-End 2006 Reserve Value

TRAVERSE CITY, MICHIGAN, February 28, 2007 - Aurora Oil & Gas Corporation (AMEX: AOG) today released its final year-end 2006 proved reserves value.

The final year-end 2006 reserve report issued by Schlumberger Data and Consulting Services values 153 billion cubic feet equivalent (Bcfe) of net proved reserves at a pre-tax PV-10 of $159 million, exclusive of existing hedges. This represents an increase of $20 million in pre-tax PV-10 from the amount reported on February 14, 2007 of $139 million and is due to a correction of estimated future production costs. Pre-tax PV-10 increases to $170 million, when existing hedges are included.

PV-10 represents the present value, discounted at 10% per annum, of estimated future net revenue before income tax of estimated proven reserves. PV-10 is a non-GAAP financial measure because it excludes income tax effects. Management believes that the presentation of the non-GAAP financial measure of PV-10 provides useful information to investors because it is widely used by professional analysts and sophisticated investors in evaluating oil and gas companies. PV-10 is not a measure of financial or operating performance under GAAP. PV-10 should not be considered an alternative to the standardized measure as defined under GAAP.

About Aurora Oil & Gas Corporation

Aurora Oil & Gas Corporation is an independent energy company focused on unconventional natural gas exploration, acquisition, development and production with its main operations in the Michigan Antrim Shale and New Albany Shale of Indiana and western Kentucky.

Cautionary Note on Forward-Looking Statements

Statements regarding the estimated amount or value of proved reserves are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although we believe that the forward-looking statements described are based on reasonable assumptions, we can give no assurance that they will prove accurate. Important factors that could cause our actual results to differ materially from those included in the forward-looking statements include the timing and extent of changes in commodity prices for oil and gas, drilling and operating risks, the availability of drilling rigs, changes in laws or government regulations, unforeseen engineering and mechanical or technological difficulties in drilling the wells, operating hazards, weather-related delays, the loss of existing credit facilities, availability of capital, and other risks more fully described in our filings with the Securities and Exchange Commission. All forward-looking statements contained in this release, including any forecasts and estimates, are based on management’s outlook only as of the date of this release and we undertake no obligation to update or revise these forward-looking statements, whether as a result of subsequent developments or otherwise.

Contact:

Aurora Oil & Gas Corporation

Jeffrey W. Deneau, Investor Relations

(231) 941-0073
www.auroraogc.com

Source: Aurora Oil & Gas Corporation