EX-99.1 2 v160871_ex99-1.htm
EXHIBIT 99.1

TRANSMITTAL OF FINANCIAL REPORTS AND
CERTIFICATION OF COMPLIANCE WITH
UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR
THE PERIOD ENDED: AUGUST 31, 2009


IN RE:
:
CASE NO.:
09-08254 (SWD)
 
:
Chapter 11
 
AURORA OIL & GAS CORPORATION,
:
Judge:
Honorable Scott W. Dales
Debtor.
:
   

As debtor in possession, I affirm:

1.           That I have reviewed the financial statements attached hereto, consisting of:

 
X
 
Operating Statement
(Form 2)
 
X
 
Balance Sheet
(Form 3)
 
X
 
Summary of Operations
(Form 4)
 
X
 
Monthly Cash Statement
(Form 5)
 
X
 
Statement of Compensation
(Form 6)
 
X
 
Schedule of In-Force Insurance
(Form 7)

and that they have been prepared in accordance with normal and customary accounting practices, and fairly and accurately reflect the debtor’s financial activity for the period stated.

2.           That the insurance, including workers’ compensation and unemployment insurance, as described in Section 4 of the Reporting Requirements for Chapter 11 Cases is in effect.  (If not, attach a written explanation.)YES X NO _____

3.           That all postpetition taxes as described in Sections 1 and 14 of the Operating Instructions and Reporting Requirements For Chapter 11 cases are current.  (If not, attach a written explanation.)
YES _____                      NO _____                      N/A X

4.           No professional fees (attorney, accountant, etc.) have been paid without specific court authorization.  (If not, attached a written explanation.)
YES _____                      NO X

5.           All United States Trustee Quarterly fees have been paid and are current.
YES _____                      NO _____                      N/A X

6.           Have you filed your prepetition tax returns.  (If not, attach a written explanation.)
YES X                               No _____

I hereby certify, under penalty of perjury, that the information provided above and in the attached documents is true and correct to the best of my information and belief.



Dated:  September 17, 2009
/s/ Sanford R. Edlein
 
Debtor in Possession
       
 
Chief Restructuring Officer
 
(231) 941-0073
 
Title
 
Phone



FORM 1

 
CASE NAME: Aurora Oil & Gas Corporation
     
CASE NUMBER:  09-08254 (SWD)
     
       
FORM 1 ITEM 4 ATTACHMENT
     
       
ORDINARY COURSE PROFESSIONALS
     
       
   
Amount Paid
 
   
During
 
Name
 
August 2009
 
       
Ed Sines (emergency check request covering the period of 7/27/09 - 8/12/09)
  $ 4,787  
John Cole (emergency check request covering the period of 7/22/09 - 8/16/09)
    3,031  
TOTAL ORDINARY COURSE PROFESSIONALS
  $ 7,818  
 

AURORA OIL & GAS CORPORATION (THE “COMPANY”)
EXPLANATORY NOTES TO THE MONTHLY OPERATING REPORT
DATED AS OF AUGUST 31, 2009

1.  
This Monthly Operating Report (“MOR”) has been signed by the Company’s Chief Restructuring Officer, Sanford R. Edlein.  The MOR was prepared by the Company’s staff with management oversight.  Mr. Edlein does not have personal knowledge of every item identified in the MOR and has relied upon the work of Company management.  In reviewing and signing the MOR, Mr. Edlein has relied upon the accuracy and integrity of the Company’s books and records, and it is possible that further review thereof may require amendment of the MOR.

2.  
This MOR is preliminary and unaudited and reflects results for the twelve days ended July 12, 2009 (pre-petition), nineteen days ended July 31, 2009 (post-petition), one month ended July 31, 2009, one and eight months ended August 31, 2009 and balances as of July 12, 2009 (filing date), July 31, 2009 and August 31, 2009.  This MOR should be read together and concurrently with the Company’s first quarter 2009 Form 10-Q that was filed with the Securities and Exchange Commission (“SEC”) on May 8, 2009 and the Company’s Annual Report on Form 10-K for fiscal 2008 filed with the SEC on March 13, 2009 for a comprehensive description of our current financial condition and operating results. This MOR should also be read together and concurrently with Forms 8-K filed with the SEC during 2009.  This MOR is being provided to the Bankruptcy Court and the U.S. Trustee.

3.  
This MOR is unaudited and will not be subject to audit or review by our external auditors on a stand-alone basis at any time in the future.  This MOR includes the results of the ceiling test write-down during first quarter 2009 and the reclassification of mortgage payable to current as a result of a default that occurred due to the Company’s chapter 11 bankruptcy filing.  Results for this period as presented in the MOR are not necessarily indicative of the actual results for the period if all such matters were allocated to all periods in the quarter or year.  Accordingly, each period reported in the MOR should not be viewed on a stand-alone basis, but rather in the context of previously reported financial results, including the Company’s SEC filings.

4.  
This MOR is presented in a format providing information required under local rules and incorporating measurements used for internal operating purposes, rather than in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. This MOR does not include certain financial statements and explanatory footnotes, including disclosures required under GAAP.
 

 
5.  
This MOR is presented on a stand alone basis for the Company and does not include any subsidiary activity.  Therefore, intercompany balances have not been eliminated.

The Company’s subsidiaries are as follows:
 
Aurora Operating, LLC ("AOP") is a limited liability company engaged primarily in oil and gas operations and development.  AOP holds certain oil and gas properties in the New Albany Shale project.  The Company owns 71% of AOP.
 
Indiana Royalty Trustory, LLC ("IRT") is a limited liability company engaged primarily in investments in royalties and other financial instruments.  The Company holds a 51% interest in IRT.
 
Hudson Pipeline & Processing Co., LLC ("HPPC") is a limited liability company that owns and operates various pipelines and processing facilities located in Hudson Township area of the Michigan Antrim play.  The Company holds a 96.1% interest in HPPC.
 
Celebration Mining ("CMC") is a wholly-owned subsidiary of the Company that owns a 25% interest in a silver mine located in Utah.  No production has occurred from the mine since the 1930’s.  Activity in CMC primarily relates to general and administrative expenses associated with the marketability of the company for sale and compliance with various legal requirements.
 
Bach Services & Manufacturing Co., LLC ("BSM") was sold on June 10, 2009.  BSM was a limited liability company which provided oil and gas field services and construction services related to building pipelines, compressor packages, and processing facilities to various oil and gas companies principally in the Michigan Antrim play.  The Company owned 100% of BSM.
 
 

 
CASE NAME: Aurora Oil & Gas Corporation
                               
CASE NUMBER:  09-08254 (SWD)
                                   
                                     
 
   
OPERATING STATEMENTS
                               
   
PERIOD
   
PERIOD
                                           
   
07/01/09 -
   
07/13/09 -
   
MONTH
   
MONTH
   
YTD
   
MONTH
   
MONTH
   
MONTH
   
MONTH
 
   
07/12/09
   
07/31/09
   
Jul-09
   
Aug-09
   
Aug-09
   
Sep-09
   
Oct-09
   
Nov-09
   
Dec-09
 
REVENUES:
                                                     
Oil and natural gas sales
  $ 363,720     $ 578,008     $ 941,728     $ 856,678     $ 7,621,250                          
Pipeline transportation and marketing
    2,805       4,551       7,356       7,568       59,127                          
Interest and other
    39,330       62,334       101,664       99,333       958,819                          
Total revenues
    405,855       644,893       1,050,748       963,579       8,639,196       -       -       -       -  
EXPENSES:
                                                                       
Production taxes
    11,348       18,029       29,377       24,060       235,861                                  
Production and lease operating expense
    312,982       486,401       799,383       834,907       6,621,996                                  
General and administrative expense
    1,117,559 (1)     689,985       1,807,544 (3)     1,621,813 (4)     8,631,372 (4)                                
Oil and natural gas depletion and amortization
    54,587       90,114       144,701       155,338       1,152,478                                  
Other assets depreciation and amortization
    7,590       12,017       19,607       19,607       178,047                                  
Interest expense
    435,346       686,449       1,121,795       1,136,267       7,626,371                                  
Ceiling write-down of oil and gas properties
    -       -       -       -       53,639,522                                  
Taxes (refunds), other
    2,403       3,232       5,635       11,431       (50,985 )                                
Total expenses
    1,941,815       1,986,227       3,928,042       3,803,423       78,034,662       -       -       -       -  
NET LOSS INCOME FROM
                                                                       
CONTINUING OPERATIONS
    (1,535,960 )     (1,341,334 )     (2,877,294 )     (2,839,844 )     (69,395,466 )     -       -       -       -  
DISCONTINUED OPERATIONS:
                                                                       
Operating loss
    -       (6,500 )     (6,500 )     -       (287,285 )                                
Loss on disposal
    -       -       -       -       (1,434,858 )                                
Loss from discontinued operations
    -       (6,500 )     (6,500 )     -       (1,722,143 )     -       -       -       -  
NET LOSS AFTER DISCONTINUED
                                                                       
OPERATIONS ATTRIBUTABLE TO
                                                                       
AURORA COMMON SHAREHOLDERS
  $ (1,535,960 )   $ (1,347,834 )   $ (2,883,794 )   $ (2,839,844 )   $ (71,117,609 )   $ -     $ -     $ -     $ -  
 
                                     
(1) - One time write-offs in the amount of $0.4 million related to inventory and processing assets was recorded as general and administrative expense during the period.  This balance also includes a severance payment in the amount of $0.1 million (including applicable payroll taxes) to William Deneau, former CEO.
                                     
(2) - Amount was reduced by $63,033 from the informal report submitted to the U.S. Trustee to properly account for activity during the period of July 1, 2009 - July 12, 2009.
         
                                     
(3) - For the one month ended July 31, 2009 approximately $0.9 million was incurred for restructuring/debt services and bankruptcy legal and consulting services.  Of the $0.9 million, $0.3 was incurred on behalf of the creditors.
                                     
(4) - For the one and eight months ended August 31, 2009 approximately $1.4 million and $4.8 million, respectively was incurred for restructuring/debt services and bankruptcy legal and consulting services.  Of the $1.4 million and $4.8 million, $0.5 million and $2.7 million, respectively was incurred on behalf of the creditors.
                                     
(5) - Net loss after discontinued operations attributable to Aurora common shareholders was reduced for the period July 13, 2009 - July 31, 2009 and for the month ended July 31, 2009 from the previous filing by $5,298 as a result of eliminating noncontrolling interest activity to properly reflect Aurora Oil & Gas Corporation on a stand-alone basis.
  
                   
FORM 2

CASE NAME: Aurora Oil & Gas Corporation
                           
CASE NUMBER:  09-08254 (SWD)
                           
                                           
 
 
BALANCE SHEETS
   
Filing Date
   
AS OF
   
AS OF
   
AS OF
   
AS OF
   
AS OF
   
AS OF
 
   
07/12/09
   
07/31/09
   
08/31/09
   
09/30/09
   
10/31/09
   
11/30/09
   
12/31/09
 
ASSETS
                                         
CURRENT ASSETS:
                                         
Cash and cash equivalents
  $ 2,340,664     $ 2,334,119     $ 1,865,355                          
Short-term investments
    659,317       659,944       409,944                          
Accounts receivable:
                                               
Oil and natural gas sales
    1,173,079       1,311,732       1,511,393                          
Joint interest owners
    447,577 (3)     385,093       1,075,766                          
Intercompany
    693,998 (4)      591,283 (4)     622,470 (4)                        
Note receivable - related party
    132,181 (1)     132,181 (1)     132,181 (1)                        
Materials inventory
    632,067       608,812       607,304                          
Prepaid expenses and other current assets
    1,604,088       1,544,735       1,331,633                          
Total current assets
    7,682,971       7,567,899       7,556,046       -       -       -       -  
PROPERTY AND EQUIPMENT:
                                                       
Land
    264,022       264,022       264,022                                  
Oil and natural gas properties, using full cost accounting:
                                                       
Proved properties
    38,804,426       39,262,183       41,381,218                                  
Unproved properties
    46,917,195       46,434,323       43,618,492                                  
Less: accumulated depletion and amortization
    (20,650,771 )     (20,740,885 )     (20,896,224 )                                
Total oil and natural gas properties, net
    65,070,850       64,955,621       64,103,486       -       -       -       -  
Other property and equipment:
                                                       
Other property and equipment
    4,144,541       4,144,541       4,144,541                                  
Less: accumulated depreciation
    (791,242 )     (803,259 )     (822,866 )                                
Total other property and equipment, net
    3,353,299       3,341,282       3,321,675       -       -       -       -  
Total property and equipment, net
    68,688,171       68,560,925       67,689,183       -       -       -       -  
OTHER ASSETS:
                                                       
Note receivable
    11,830,385       11,830,385       11,830,385                                  
Debt issuance costs (net of accumulated amortization of $1,089,087)
    952,560       927,084       885,519                                  
Other
    8,630,764       8,630,767       8,634,258                                  
Total other assets
    21,413,709       21,388,236       21,350,162       -       -       -       -  
TOTAL ASSETS
  $ 97,784,851 (5)   $ 97,517,060 (5)   $ 96,595,391     $ -     $ -     $ -     $ -  
 
FORM 3

 
CASE NAME: Aurora Oil & Gas Corporation
                                         
CASE NUMBER:  09-08254 (SWD)
                                         
                                           
 
 
BALANCE SHEETS
   
Filing Date
   
AS OF
   
AS OF
   
AS OF
   
AS OF
   
AS OF
   
AS OF
 
   
07/12/09
   
07/31/09
   
08/31/09
   
09/30/09
   
10/31/09
   
11/30/09
   
12/31/09
 
LIABILITIES AND SHAREHOLDERS’ EQUITY
                                         
CURRENT LIABILITIES:
                                         
Accounts payable and accrued liabilities
  $ 2,436,489 (3)   $ 3,018,016     $ 3,860,813                          
Accrued interest
    5,223,127       5,713,545       6,307,706                          
Note payable - related party
    1,040,000 (2)     1,040,000 (2)     1,040,000 (2)                        
Current portion of mortgage payable
    2,568,685       2,568,685       2,568,685                          
Senior secured credit facility
    72,021,446       72,021,446       72,021,446                          
Second lien term loan
    51,871,073       51,871,073       52,345,117                          
Total current liabilities
    135,160,820       136,232,765       138,143,767       -       -       -       -  
LONG-TERM LIABILITIES:
                                                       
Asset retirement obligation
    1,737,409       1,746,968       1,756,527                                  
Other long-term liabilities
    419,336       417,875       415,489                                  
Total long-term liabilities
    2,156,745       2,164,843       2,172,016       -       -       -       -  
Total liabilities
    137,317,565       138,397,608       140,315,783       -       -       -       -  
(DEFICIT) EQUITY
                                                       
Shareholders’ (deficit) equity:
                                                       
Common stock, $0.01 par value
    1,032,828       1,032,828       1,032,828                                  
Additional paid-in capital
    142,685,964       142,685,964       142,685,964                                  
Accumulated deficit
    (183,251,506 )(3)     (184,599,340 )     (187,439,184 )                                
Total shareholders’ (deficit) equity
    (39,532,714 )     (40,880,548 )     (43,720,392 )     -       -       -       -  
TOTAL LIABILITIES AND (DEFICIT) EQUITY
  $ 97,784,851 (5)   $ 97,517,060 (5)   $ 96,595,391     $ -     $ -     $ -     $ -  
                             
(1) - Amount represents note receivable from Indiana Royalty Trustory, LLC which AOG holds a 51% interest and is recorded at the gross amount.
                             
(2) - Amount represents note payable to Aurora Operating, LLC which AOG holds a 71% interest and is recorded at the gross amount.
           
                             
(3) - Joint interest owner account receivables, accounts payable and accrued liabilities, and accumulated deficit were reduced by $2,747, $108,023 and $105,276, respectively from the informal report submitted to the U.S. Trustee as a result of adjustments to estimated accrued liabilities and to properly account for interest income activity during the period July 1, 2009 - July 12, 2009.
  
   
(4) - Amounts represent intercompany receivables from AOP, IRT, HPPC and CMC as defined in the "Explanatory Notes to the Monthly Operating Report" accompanying this MOR.
                             
(5) - Total assets and total liabilities and (deficit) equity were reduced at July 12, 2009 and July 31, 2009 from the previous filing by $218,017 and $223,315, respectively as a result of eliminating noncontrolling interest activity to properly reflect Aurora Oil & Gas Corporation on a stand-alone basis.
  
                   
 
FORM 3

 
CASE NAME: Aurora Oil & Gas Corporation
                           
CASE NUMBER:  09-08254 (SWD)
                           
                             
 
  SUMMARY OF OPERATIONS
     
 
 SCHEDULE OF POST-PETITION TAXES PAYABLE
   
Filing Date
   
AS OF
   
AS OF
   
AS OF
   
AS OF
   
AS OF
   
AS OF
 
   
07/12/09
   
07/31/09
   
08/31/09
   
09/30/09
   
10/31/09
   
11/30/09
   
12/31/09
 
                                           
INCOME TAXES WITHHELD:
                                         
Federal
  $ -     $ -     $ -                          
State
    -       -       -                          
Local
    -       -       -                          
FICA WITHHELD
    -       -       -                          
EMPLOYERS FICA
    -       -       -                          
UNEMPLOYMENT TAX:
                                               
Federal
    -       -       -                          
State
    -       -       -                          
SEVERANCE TAXES
    5,924       -       8,930                          
PROPERTY TAXES
    234,033       234,033       - (4)                        
STATE INCOME TAXES
    600       600       600                          
WORKERS' COMPENSATION
    -       -       -                          
TOTAL POST-PETITION TAXES PAYABLE
  $ 240,557     $ 234,633     $ 9,530     $ -     $ -     $ -     $ -  
 
Note: Payroll was paid on August 31, 2009 and therefore no accrual exists at August 31, 2009.
 
 
  AGING OF ACCOUNTS RECEIVABLE
   
AGED AS OF
   
AS OF
   
AS OF
   
AS OF
   
AS OF
   
AS OF
   
AS OF
 
DAYS
 
07/12/09
   
07/31/09
   
08/31/09
   
09/30/09
   
10/31/09
   
11/30/09
   
12/31/09
 
0-29 Days
  $ 859,964     $ 834,840     $ 841,094                                  
30-59 Days
    458,658       357,127       24,993                                  
60-89 Days
    114,002       35,509       19,683                                  
90+ Days
    81,102       359,574       82,625                                  
Other
    106,930 (1)     109,775 (2)     107,371 (3)                                
TOTAL
  $ 1,620,656     $ 1,696,825     $ 1,075,766     $ -     $ -     $ -     $ -  
 
 
   
AGING OF ACCOUNTS PAYABLE
   
AGED AS OF
   
AS OF
   
AS OF
   
AS OF
   
AS OF
   
AS OF
   
AS OF
 
DAYS
 
07/12/09
   
07/31/09
   
08/31/09
   
09/30/09
   
10/31/09
   
11/30/09
   
12/31/09
 
0-29 Days
  $ 962,389     $ 1,053,005     $ 1,541,688 (4)                                
30-59 Days
    286,518       665,569       259,486                                  
60-89 Days
    1,576       300       -                                  
90+ Days
    -       -       46,486                                  
TOTAL
  $ 1,250,483     $ 1,718,874     $ 1,847,660     $ -     $ -     $ -     $ -  
                             
Note: This form does not include intercompany accounts receivable.
                           
                             
(1) - Amount relates to $58,087 of note receivable interest, $41,537 of Bach insurance premiums and $7,306 of COBRA and unbilled LOE/property tax charges from joint partners.
   
                             
(2) - Amount relates to $59,494 of note receivable interest, $41,537 of Bach insurance premiums and $8,744 of COBRA and unbilled LOE charges from joint partners.
       
                             
(3) - Amount relates to $61,800 of note receivable interest, $41,537 of Bach insurance premiums and $4,034 of COBRA and unbilled LOE charges from joint partners.
       
                             
(4) - Property taxes payable in the amount of $234,033 were transferred from accruals to accounts payable as of 8/31/09.
 
FORM 4

BANK RECONCILIATION AND CASH ACTIVITY REPORT
Month Ended August 31, 2009
 
                           
Case Name:  Aurora Oil & Gas Corporation
                           
Case Number:  09-08254 (SWD)
                           
 
                                               
   
Bank:
 
Northwestern Bank
Concentration
   
JPMorgan
Chase
Operating
Account
   
JPMorgan
Chase
Disbursement
Account
   
Charles Schwab & Co.
Investment
   
Northwestern
Bank
Money Market
(Collateral for
   
Northwestern
Bank
General Account
(Collateral for
       
   
Purpose (Type):
 
Account
   
(DIP)
   
(DIP)
   
Account
   
LC)
   
LC)
   
TOTAL
 
                                               
   
Bank Balance (8/31/09)
  $ 12,028     $ 1,597,443     $ 62,204     $ 10,531     $ 250,442     $ 409,944     $ 2,342,590  
                                                             
   
Add:  Deposits in Transit
    -       -       -       -       -       -       -  
                                                             
   
Subtract:  Outstanding Checks
    (5,613 )     -       (62,179 )     -       -       -       (67,791 )
                                                             
   
Adjusted Bank Balance (8/31/09)
  $ 6,415     $ 1,597,443     $ 25     $ 10,531     $ 250,442     $ 409,944     $ 2,274,799  
                                                             
Cash Activity Report
                                                       
                                                             
  A  
Beginning Book Balance (7/31/09)
  $ 17,260     $ 661,855     $ 2,380     $ 1,652,124     $ 659,944     $ -     $ 2,993,563  
                                                               
  B  
Receipts
    -       654,990       -       189       442               655,620  
                                                               
  C  
Transfers In (from other accounts)
    -       1,551,000       323,676       -       -       409,944       2,284,619  
                                                               
  D  
Balance Available
    17,260       2,867,844       326,056       1,652,313       660,385       409,944       5,933,802  
                                                               
  E  
Disbursements
    (10,845 )     (946,726 )     (326,031 )     (90,782 )     -               (1,374,384 )
                                                               
  F  
Transfers Out
    -       (323,676 )     -       (1,551,000 )     (409,944 )             (2,284,619 )
                                                               
  G  
Ending Book Balance (8/31/09)
  $ 6,415     $ 1,597,443     $ 25     $ 10,531     $ 250,442     $ 409,944     $ 2,274,799  
                               
* A sweep account at Northwestern Bank is associated with this operating account.  Effective July 20, 2009, the sweep account was closed.  Also, a zero-balance account for disbursement is associated with this operating account.  The presentation of this account in the reconciliation and cash activity is consolidated for these associated accounts.
                               
** A predecessor account at JPMorgan Chase was established prior to the petition date of 7/12/09, in anticipation of the filing.  A minimal amount of activity occurred prior to the filing date, after which the account was closed/merged into the new JPMorgan Chase DIP account.  The presentation of this account in the reconciliation and cash activity is consolidated for these accounts.
 
Other Monies on Hand
     
       
Aurora keeps $500 in petty cash on hand.
     
       
Cash Receipts and Disbursements Detail
 
TOTAL
 
       
Receipts
     
Operations
    410,647  
Other Receipts
    244,973  
Total Receipts
  $ 655,620  
         
Disbursements
       
Operations
    235,983  
CapEx
    -  
SG&A
    274,500  
Lenders fees
    -  
Debt Service
    -  
Restructuring fees
    850,956  
Changes in working capital
    12,945  
Royalties and Other
    -  
Total Disbursements
  $ 1,374,384  
 
FORM 5

MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
   
 
Period Ending:
August 31, 2009
     
               
       
Case No:
09-08254 (SWD)
 
               
The following information is to be provided for each shareholder, officer,
   
director, manager, insider, or owner that is employed by the debtor in possession.
 
               
               
Name:
Richard Deneau
 
Capacity:
 
Shareholder
   
         
Officer
   
       
X
Director
   
         
Insider
   
               
Detailed Description of Duties:
           
               
               
               
               
Current Compensation Paid:
     
August 2009
   
               
         
        375.00
   
               
Current Benefits Paid:
     
August 2009
   
               
 
Health Insurance
     
 N/A
   
               
 
Life Insurance
     
 N/A
   
               
 
Retirement
     
 N/A
   
               
 
Company Vehicle
     
 N/A
   
               
 
Travel
     
               -
   
               
 
Other Benefits
     
 N/A
   
               
 
Total Benefits
     
               -
   
               
               
Current Other Payments Paid:
     
August 2009
   
               
 
Rent Paid
     
 N/A
   
               
 
Loans
     
 N/A
   
               
 
Other - Consulting Fees
     
               -
   
               
 
Other - Consulting Travel
     
               -
   
               
 
Other - Retainer
     
     6,250.00
   
               
 
Total Other Payments
     
     6,250.00
   
               
CURRENT TOTAL OF ALL PAYMENTS:
   
August 2009
   
               
         
     6,625.00
   
               
               
Dated:
September 17, 2009
 
/s/ Sanford R. Edlein
     
     
Officer
     
 
FORM 6

MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
   
 
Period Ending:
August 31, 2009
     
               
       
Case No:
09-08254 (SWD)
 
               
The following information is to be provided for each shareholder, officer,
   
director, manager, insider, or owner that is employed by the debtor in possession.
 
               
               
Name:
Wayne Schaeffer
 
Capacity:
 
Shareholder
   
         
Officer
   
       
X
Director
   
         
Insider
   
               
Detailed Description of Duties:
           
               
               
               
               
Current Compensation Paid:
     
August 2009
   
               
         
               -
   
               
Current Benefits Paid:
     
August 2009
   
               
 
Health Insurance
     
 N/A
   
               
 
Life Insurance
     
 N/A
   
               
 
Retirement
     
 N/A
   
               
 
Company Vehicle
     
 N/A
   
               
 
Travel
     
               -
   
               
 
Other Benefits
     
 N/A
   
               
 
Total Benefits
     
               -
   
               
               
Current Other Payments Paid:
     
August 2009
   
               
 
Rent Paid
     
 N/A
   
               
 
Loans
     
 N/A
   
               
 
Other - Retainer
     
     6,250.00
   
               
 
Other (Describe)
     
               -
   
               
 
Other (Describe)
     
               -
   
               
 
Total Other Payments
     
     6,250.00
   
               
CURRENT TOTAL OF ALL PAYMENTS:
   
August 2009
   
               
         
     6,250.00
   
               
               
Dated:
September 17, 2009
 
/s/ Sanford R. Edlein
     
     
Officer
     
 
FORM 6

MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
   
 
Period Ending:
August 31, 2009
     
               
       
Case No:
09-08254 (SWD)
 
               
The following information is to be provided for each shareholder, officer,
   
director, manager, insider, or owner that is employed by the debtor in possession.
 
               
               
Name:
Gary J. Myles
 
Capacity:
 
Shareholder
   
         
Officer
   
       
X
Director
   
         
Insider
   
               
Detailed Description of Duties:
           
               
               
               
               
Current Compensation Paid:
     
August 2009
   
               
         
        875.00
   
               
Current Benefits Paid:
     
August 2009
   
               
 
Health Insurance
     
 N/A
   
               
 
Life Insurance
     
 N/A
   
               
 
Retirement
     
 N/A
   
               
 
Company Vehicle
     
 N/A
   
               
 
Travel
     
               -
   
               
 
Other Benefits
     
 N/A
   
               
 
Total Benefits
     
               -
   
               
               
Current Other Payments Paid:
     
August 2009
   
               
 
Rent Paid
     
 N/A
   
               
 
Loans
     
 N/A
   
               
 
Other - Retainer
     
     6,250.00
   
               
 
Other (Describe)
     
               -
   
               
 
Other (Describe)
     
               -
   
               
 
Total Other Payments
     
     6,250.00
   
               
CURRENT TOTAL OF ALL PAYMENTS:
   
August 2009
   
               
         
     7,125.00
   
               
               
Dated:
September 17, 2009
 
/s/ Sanford R. Edlein
     
     
Officer
     
 
FORM 6

MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
   
 
Period Ending:
August 31, 2009
     
               
       
Case No:
09-08254 (SWD)
 
               
The following information is to be provided for each shareholder, officer,
   
director, manager, insider, or owner that is employed by the debtor in possession.
 
               
               
Name:
Kevin Stulp
 
Capacity:
 
Shareholder
   
         
Officer
   
       
X
Director
   
         
Insider
   
               
Detailed Description of Duties:
           
               
               
               
               
Current Compensation Paid:
     
August 2009
   
               
         
               -
   
               
Current Benefits Paid:
     
August 2009
   
               
 
Health Insurance
     
 N/A
   
               
 
Life Insurance
     
 N/A
   
               
 
Retirement
     
 N/A
   
               
 
Company Vehicle
     
 N/A
   
               
 
Travel
     
               -
   
               
 
Other Benefits
     
 N/A
   
               
 
Total Benefits
     
               -
   
               
               
Current Other Payments Paid:
     
August 2009
   
               
 
Rent Paid
     
 N/A
   
               
 
Loans
     
 N/A
   
               
 
Other - Retainer
     
     6,250.00
   
               
 
Other (Describe)
     
               -
   
               
 
Other (Describe)
     
               -
   
               
 
Total Other Payments
     
     6,250.00
   
               
CURRENT TOTAL OF ALL PAYMENTS:
   
August 2009
   
               
         
     6,250.00
   
               
               
Dated:
September 17, 2009
 
/s/ Sanford R. Edlein
     
     
Officer
     
 
FORM 6

MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
   
 
Period Ending:
August 31, 2009
     
               
       
Case No:
09-08254 (SWD)
 
               
The following information is to be provided for each shareholder, officer,
   
director, manager, insider, or owner that is employed by the debtor in possession.
 
               
               
Name:
Earl Young
 
Capacity:
 
Shareholder
   
         
Officer
   
       
X
Director
   
         
Insider
   
               
Detailed Description of Duties:
           
               
               
               
               
Current Compensation Paid:
     
August 2009
   
               
         
     1,500.00
   
               
Current Benefits Paid:
     
August 2009
   
               
 
Health Insurance
     
 N/A
   
               
 
Life Insurance
     
 N/A
   
               
 
Retirement
     
 N/A
   
               
 
Company Vehicle
     
 N/A
   
               
 
Travel
     
               -
   
               
 
Other Benefits
     
 N/A
   
               
 
Total Benefits
     
               -
   
               
               
Current Other Payments Paid:
     
August 2009
   
               
 
Rent Paid
     
 N/A
   
               
 
Loans
     
 N/A
   
               
 
Other - Retainer
     
     6,250.00
   
               
 
Other (Describe)
     
               -
   
               
 
Other (Describe)
     
               -
   
               
 
Total Other Payments
     
     6,250.00
   
               
CURRENT TOTAL OF ALL PAYMENTS:
   
August 2009
   
               
         
     7,750.00
   
               
               
Dated:
September 17, 2009
 
/s/ Sanford R. Edlein
     
     
Officer
     
 
FORM 6

MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
   
 
Period Ending:
August 31, 2009
     
               
       
Case No:
09-08254 (SWD)
 
               
The following information is to be provided for each shareholder, officer,
   
director, manager, insider, or owner that is employed by the debtor in possession.
 
               
               
Name:
John E. McDevitt
 
Capacity:
 
Shareholder
   
         
Officer
   
       
X
Director
   
         
Insider
   
               
Detailed Description of Duties:
           
               
               
               
               
Current Compensation Paid:
     
August 2009
   
               
         
               -
   
               
Current Benefits Paid:
     
August 2009
   
               
 
Health Insurance
     
 N/A
   
               
 
Life Insurance
     
 N/A
   
               
 
Retirement
     
 N/A
   
               
 
Company Vehicle
     
 N/A
   
               
 
Travel
     
               -
   
               
 
Other Benefits
     
 N/A
   
               
 
Total Benefits
     
               -
   
               
               
Current Other Payments Paid:
     
August 2009
   
               
 
Rent Paid
     
 N/A
   
               
 
Loans
     
 N/A
   
               
 
Other - Retainer
     
     6,250.00
   
               
 
Other (Describe)
     
               -
   
               
 
Other (Describe)
     
               -
   
               
 
Total Other Payments
     
     6,250.00
   
               
CURRENT TOTAL OF ALL PAYMENTS:
   
August 2009
   
               
         
     6,250.00
   
               
               
Dated:
September 17, 2009
 
/s/ Sanford R. Edlein
     
     
Officer
     
 
FORM 6

MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
 
 
Period Ending:
August 31, 2009
     
             
       
Case No:
09-08254 (SWD)
             
The following information is to be provided for each shareholder, officer,
 
director, manager, insider, or owner that is employed by the debtor in possession.
             
             
Name:
David Deneau
 
Capacity:
 
Shareholder
 
         
Officer
 
         
Director
 
       
X
Insider
 
             
Detailed Description of Duties:
         
Land Supervisor
         
             
             
             
Current Compensation Paid:      
August 2009
 
             
         
   6,000.00
 
             
Current Benefits Paid:
     
Total Month
 
             
 
Health Insurance
     
      998.46
 
             
 
Life Insurance
     
 N/A
 
             
 
Retirement 401(k)
     
 N/A
 
             
 
Company Vehicle
     
 N/A
 
             
 
Travel
     
 N/A
 
             
 
Other Benefits
     
            -
 
 
      Co. Share FICA & Medic
   
      459.00
 
             
 
Total Benefits
     
   1,457.46
 
             
             
Current Other Payments Paid:
     
Total Month
 
             
 
Rent Paid
     
 N/A
 
             
 
Loans
     
 N/A
 
             
 
Other (Describe)
     
            -
 
             
 
Other (Describe)
     
            -
 
             
 
Other (Describe)
     
            -
 
             
 
Total Other Payments
     
            -
 
             
CURRENT TOTAL OF ALL PAYMENTS:
   
Total Month
 
             
         
 $7,457.46
 
             
             
Dated:
September 17, 2009
 
/s/ Sanford R. Edlein
 
     
Officer
 
Note:   401(k) Employer Matching Contribution suspended 6/1/09
 
 
FORM 6

MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
 
 
Period Ending:
August 31, 2009
     
             
       
Case No:
09-08254 (SWD)
             
The following information is to be provided for each shareholder, officer,
 
director, manager, insider, or owner that is employed by the debtor in possession.
             
             
Name:
Jeffrey Deneau
 
Capacity:
 
Shareholder
 
       
X
Officer
 
         
Director
 
       
X
Insider
 
             
Detailed Description of Duties:
         
Investor Relations Officer and Treasurer
       
             
             
             
Current Compensation Paid:
     
August 2009
 
             
         
  10,000.00
 
             
Current Benefits Paid:
     
Total Month
 
             
 
Health Insurance
     
       998.46
 
             
 
Life Insurance
     
 N/A
 
             
 
Retirement 401(k)
     
 N/A
 
             
 
Company Vehicle
     
 N/A
 
             
 
Travel
     
 N/A
 
             
 
Other Benefits
     
              -
 
 
      Co. Share FICA & Medic
   
       145.00
 
             
 
Total Benefits
     
    1,143.46
 
             
             
Current Other Payments Paid:
     
Total Month
 
             
 
Rent Paid
     
 N/A
 
             
 
Loans
     
 N/A
 
             
 
Other (Describe)
     
              -
 
             
 
Other (Describe)
     
              -
 
             
 
Other (Describe)
     
              -
 
             
 
Total Other Payments
     
              -
 
             
CURRENT TOTAL OF ALL PAYMENTS:
   
Total Month
 
             
         
 $11,143.46
 
             
             
Dated:
September 17, 2009
 
/s/ Sanford R. Edlein
 
     
Officer
 
Note:   401(k) Employer Matching Contribution suspended 6/1/09
 
 
FORM 6

MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
 
 
Period Ending:
August 31, 2009
     
             
       
Case No:
09-08254 (SWD)
             
The following information is to be provided for each shareholder, officer,
 
director, manager, insider, or owner that is employed by the debtor in possession.
             
             
Name:
John Hunter
 
Capacity:
 
Shareholder
 
       
X
Officer
 
         
Director
 
       
X
Insider
 
             
Detailed Description of Duties:
         
Vice President of Exploration and Production
     
             
             
             
Current Compensation Paid:
     
August 2009
 
             
         
      9,350.00
 
             
Current Benefits Paid:
     
Total Month
 
             
 
Health Insurance
     
        998.46
 
             
 
Life Insurance
     
 N/A
 
             
 
Retirement 401(k)
     
 N/A
 
             
 
Company Vehicle
     
 N/A
 
             
 
Travel
     
 N/A
 
             
 
Other Benefits-Relocation Exp
   
      2,500.00
 
 
      Co. Share FICA & Medic
   
        878.22
 
             
 
Total Benefits
     
      4,376.68
 
             
             
Current Other Payments Paid:
     
Total Month
 
             
 
Rent Paid
     
 N/A
 
             
 
Loans
     
 N/A
 
             
 
Other- July Expense Report
   
        365.88
 
             
 
Other: Carried Working Interest
   
               -
 
 
Under Venator Energy LLC, John Hunter has a balance due to AOG of $202,278.63
 
as of 8/31/09
         
 
Other: JIB'd Working Interest
   
               -
 
 
Under Venator Energy LLC, John Hunter has a balance due to AOG of $105.97
 
as of 8/31/09
         
             
 
Total Other Payments
     
        365.88
 
             
CURRENT TOTAL OF ALL PAYMENTS:
   
Total Month
 
             
         
 $ 14,092.56
 
             
Dated:
September 17, 2009
 
/s/ Sanford R. Edlein
   
     
Officer
   
Note:   401(k) Employer Matching Contribution suspended 6/1/09
   
 
FORM 6

MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
 
 
Period Ending:
August 31, 2009
     
             
       
Case No:
09-08254 (SWD)
             
The following information is to be provided for each shareholder, officer,
 
director, manager, insider, or owner that is employed by the debtor in possession.
             
             
Name:
Barbara Lawson
 
Capacity:
 
Shareholder
 
       
X
Officer
 
         
Director
 
       
X
Insider
 
             
Detailed Description of Duties:
         
Chief Financial Officer
         
             
             
             
Current Compensation Paid:
     
August 2009
 
             
         
   14,166.66
 
             
Current Benefits Paid:
     
Total Month
 
             
 
Health Insurance
     
       830.59
 
             
 
Life Insurance
     
 N/A
 
             
 
Retirement 401(k)
     
 N/A
 
             
 
Company Vehicle
     
 N/A
 
             
 
Travel
     
 N/A
 
             
 
Other Benefits
     
              -
 
 
      Co. Share FICA & Medic
   
       201.14
 
             
 
Total Benefits
     
    1,031.73
 
             
             
Current Other Payments Paid:
     
Total Month
 
             
 
Rent Paid
     
 N/A
 
             
 
Loans
     
 N/A
 
             
 
Other - 8/5/09 Expense Report
   
       200.05
 
             
 
Other (Describe)
     
              -
 
             
 
Other (Describe)
     
              -
 
             
 
Total Other Payments
     
       200.05
 
             
CURRENT TOTAL OF ALL PAYMENTS:
   
Total Month
 
             
         
 $15,398.44
 
             
             
Dated:
September 17, 2009
 
/s/ Sanford R. Edlein
 
     
Officer
 
Note:   401(k) Employer Matching Contribution suspended 6/1/09
 
 
FORM 6

MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS
 
 
Period Ending:
August 31, 2009
     
             
       
Case No:
09-08254 (SWD)
             
The following information is to be provided for each shareholder, officer,
 
director, manager, insider, or owner that is employed by the debtor in possession.
             
             
Name:
William Deneau
 
Capacity:
 
Shareholder
 
         
Officer
 
       
X
Director
 
       
X
Insider
 
             
Detailed Description of Duties:
         
Chief Executive Officer
         
             
             
             
Current Compensation Paid:
     
August 2009
 
             
         
             -
 
             
Current Benefits Paid:
     
Total Month
 
             
 
Health Insurance
     
        30.21
 
             
 
Life Insurance
     
 N/A
 
             
 
Retirement 401(k)
     
 N/A
 
             
 
Company Vehicle
     
 N/A
 
             
 
Travel
     
 N/A
 
             
 
Other Benefit - Severance Pckg
   
             -
 
 
      Co. Share FICA & Medic
       
             
 
Total Benefits
     
        30.21
 
             
             
Current Other Payments Paid:
     
Total Month
 
             
 
Rent Paid
     
 N/A
 
             
 
Loans
     
 N/A
 
             
 
Other - Consulting Fee
     
   5,000.00
 
             
 
Other (Describe)
     
             -
 
             
 
Other (Describe)
     
             -
 
             
 
Total Other Payments
     
   5,000.00
 
             
CURRENT TOTAL OF ALL PAYMENTS:
   
Total Month
 
             
         
 $ 5,030.21
 
             
             
Dated:
September 17, 2009
 
/s/ Sanford R. Edlein
   
     
Officer
   
Note:   401(k) Employer Matching Contribution suspended 6/1/09
   
 
FORM 6

 
SCHEDULE OF IN-FORCE INSURANCE
For Month Ended August 31, 2009
Case Name:  Aurora Oil & Gas Corporation
   
Case Number:  09-08254 (SWD)
       
         
Insurance Type
 
Carrier/Agent
 
Expiration Date
Building & Personal Property
 
Federal Insurance Company (Chubb)
 
1/1/2010
Oilfield Lease Property
 
Federal Insurance Company (Chubb)
 
1/1/2010
Mobile Equipment
 
Federal Insurance Company (Chubb)
 
1/1/2010
General Liability
 
Federal Insurance Company (Chubb)
 
1/1/2010
Pollution Liability
 
Federal Insurance Company (Chubb)
 
1/1/2010
Umbrella - Primary
 
Federal Insurance Company (Chubb)
 
1/1/2010
Umbrella - Second Layer
 
Arch Insurance Group
 
1/1/2010
Umbrella - Third Layer
 
Federal Insurance Company (Chubb)
 
1/1/2010
Control of Well
 
Southwest Energy Underwriters (Lloyds)
 
1/1/2010
Auto
 
New Hampshire Insurance Co. (AIG)
 
1/1/2010
Workers Compensation
 
Insurance Company of the State of PA (AIG)
 
1/1/2010
Directors & Officers Liability - Primary
 
National Fire Insurance Co. of Pittsburgh, PA (AIG)
 
10/31/2009
Directors & Officers Liability - Excess
 
Federal Insurance Company (Chubb)
 
10/31/2009
Directors & Officers Liability (Runoff) - Primary
 
National Fire Insurance Co. of Pittsburgh, PA (AIG)
 
6 years from trigger date; has not yet been triggered
Directors & Officers Liability (Runoff) - Excess
 
Federal Insurance Company (Chubb)
 
6 years from trigger date; has not yet been triggered
 
 
FORM 7