Aurora Oil & Gas CORP - FORM 8-K - EX-99.1

Attached files

file	filename
8-K - Aurora Oil & Gas CORP	v169669_8k.htm
EX-99.2 - Aurora Oil & Gas CORP	v169669_ex99-2.htm
EX-10.33 - Aurora Oil & Gas CORP	v169669_ex10-33.htm
EX-10.34 - Aurora Oil & Gas CORP	v169669_ex10-34.htm

EXHIBIT 99.1

TRANSMITTAL OF FINANCIAL REPORTS AND

CERTIFICATION OF COMPLIANCE WITH

UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR

THE PERIOD ENDED: NOVEMBER 30, 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 X NO _____

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

YES X NO _____

5. All United States Trustee Quarterly fees have been paid and are current.

YES X NO _____

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: December 18, 2009	/s/ Sanford R. Edlein
	Debtor in Possession

	Chief Restructuring Officer	(231) 941-0073
	Title	Phone

FORM 1

AURORA OIL & GAS CORPORATION (THE “COMPANY”)

EXPLANATORY NOTES TO THE MONTHLY OPERATING REPORT

DATED AS OF NOVEMBER 30, 2009

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.

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, August 31, 2009, September 30, 2009 and October 31, 2009, and one and eleven months ended November 30, 2009 and balances as of July 12, 2009 (filing date), July 31, 2009, August 31, 2009, September 30, 2009, October 31, 2009 and November 30, 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.

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, the reclassification of mortgage payable to current as a result of a default that occurred due to the Company’s chapter 11 bankruptcy filing and an increase to the ARO liability during September 2009 in the approximate amount of $3.1 million as a result of changes in estimate due to timing and anticipated abandonment costs. 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.

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 development. AOP holds certain developed 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 federal and state 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			MONTH			MONTH			MONTH			YTD			MONTH
	07/12/09			07/31/09			Jul-09			Aug-09			Sep-09			Oct-09			Nov-09			Nov-09			Dec-09
REVENUES:
Oil and natural gas sales	$	363,720		$	578,008		$	941,728		$	856,678		$	780,401		$	913,870		$	1,024,858		$	10,340,379
Pipeline transportation and marketing		2,805			4,551			7,356			7,568			7,501			7,485			6,853			80,966
Interest and other		39,330	(1)		62,334			101,664			99,333			96,118			99,558			96,872			1,251,367
Total revenues		405,855			644,893			1,050,748			963,579			884,020			1,020,913			1,128,583			11,672,712			-
EXPENSES:
Production taxes		11,348			18,029			29,377			24,060			21,912			26,460			34,427			318,660
Production and lease operating expense		312,982			486,401			799,383			834,907			834,902			735,639			892,417			9,084,954
General and administrative expense		1,117,559	(2)		689,985			1,807,544	(3)		1,621,813	(4)		1,295,505	(5)		1,257,376	(6)		1,041,928	(7)		12,226,181	(7)
Oil and natural gas depletion and amortization		54,587			90,114			144,701			155,338			157,604			172,045			157,698			1,639,825
Other assets depreciation and amortization		7,590			12,017			19,607			19,607			19,607			19,607			19,607			236,868
Interest expense		435,346			686,449			1,121,795			1,136,267			1,136,267			1,272,728	(8)		1,151,019			11,186,385	(8)
Ceiling write-down of oil and gas properties		-			-			-			-			-			-			-			53,639,522
Taxes (refunds), other		2,403			3,232			5,635			11,431			11,209			11,481			11,431			(16,864	)
Total expenses		1,941,815			1,986,227			3,928,042			3,803,423			3,477,006			3,495,336			3,308,527			88,315,531			-
NET LOSS INCOME FROM
CONTINUING OPERATIONS		(1,535,960	)		(1,341,334	)		(2,877,294	)		(2,839,844	)		(2,592,986	)		(2,474,423	)		(2,179,944	)		(76,642,819	)		-
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	) (9)	$	(2,883,794	) (9)	$	(2,839,844	)	$	(2,592,986	)	$	(2,474,423	)	$	(2,179,944	)	$	(78,364,962	)	$	-

(1) - Amount was reduced by $63,033 from the informal report submitted to the U.S. Trustee in August 2009 to properly account for activity during the period of July 1, 2009 - July 12, 2009.

(2) - 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.

(3) - For the one month ended July 31, 2009 approximately $1.0 million was incurred for restructuring/debt services and bankruptcy legal and consulting services. Of the $1.0 million, $0.5 was incurred on behalf of the creditors.

(4) - For the one month ended August 31, 2009 approximately $1.4 million was incurred for restructuring/debt services and bankruptcy legal and consulting services. Of the $1.4 million, $0.5 was incurred on behalf of the creditors.

(5) - For the one month ended September 30, 2009 approximately $1.0 million was incurred for restructuring/debt services and bankruptcy legal and consulting services. Of the $1.0 million, $0.4 million was incurred on behalf of the creditors.

(6) - For the one month ended October 31, 2009 approximately $1.0 million was incurred for restructuring/debt services and bankruptcy legal and consulting services. Of the $1.0 million, $0.5 million was incurred on behalf of the creditors.

(7) - For the one and eleven months ended November 30, 2009 approximately $0.9 million and $7.7 million, respectively was incurred for restructuring/debt services and bankruptcy legal and consulting services. Of the $0.9 million and $7.7 million, $0.5 million and $3.7 million, respectively was incurred on behalf of the creditors.

(8) - For the one month ended October 31, 2009 and eleven months ended November 30, 2009 approximately $0.1 million of DIP finacing fees are included in interest expense. The Company continues to accrue interest charges for the senior secured credit facility and second lien term loan based on default rates.

(9) - 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 September 10, 2009 Form 8-K 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		$	1,768,209	(1)	$	747,695		$	71,011		$	563,791
Restricted cash		-			-			-			-			251,650	(2)		253,174	(2)
Short-term investments		659,317			659,944			507,090	(1)		422,874	(3)		322,029	(3)		322,029	(3)
Accounts receivable:
Oil and natural gas sales		1,173,079			1,311,732			1,511,393			1,626,102			1,982,979			1,706,559
Joint interest owners		447,577			385,093			1,075,766			1,111,577			1,225,037			1,188,872
Intercompany		693,998	(5)		591,283	(5)		622,470	(5)		627,190	(5)		541,323	(5)		537,011	(5)
Note receivable - related party		132,181	(6)		132,181	(6)		132,181	(6)		132,181	(6)		132,181	(6)		132,181	(6)
Materials inventory		632,067			608,812			607,304			592,663			595,007			592,385
Prepaid expenses and other current assets		1,604,088			1,544,735			1,331,633			1,207,150			1,178,830			1,108,416
Total current assets		7,682,971			7,567,899			7,556,046			6,467,432			6,300,047			6,404,418			-
PROPERTY AND EQUIPMENT:
Land		264,022			264,022			264,022			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			40,110,459			42,549,967			42,572,154
Unproved properties		46,917,195			46,434,323			43,618,492			47,993,038			45,552,419			45,590,595
Less: accumulated depletion and amortization		(20,650,771	)		(20,740,885	)		(20,896,224	)		(21,053,827	)		(21,225,872	)		(21,383,570	)
Total oil and natural gas properties, net		65,070,850			64,955,621			64,103,486			67,049,670			66,876,514			66,779,179			-
Other property and equipment:
Other property and equipment		4,144,541			4,144,541			4,144,541			4,144,541			4,144,541			4,144,541
Less: accumulated depreciation		(791,242	)		(803,259	)		(822,866	)		(842,473	)		(862,080	)		(881,687	)
Total other property and equipment, net		3,353,299			3,341,282			3,321,675			3,302,068			3,282,461			3,262,854			-
Total property and equipment, net		68,688,171			68,560,925			67,689,183			70,615,760			70,422,997			70,306,055			-
OTHER ASSETS:
Note receivable		11,830,385			11,830,385			11,830,385			11,830,385			11,830,385			11,830,385
Debt issuance costs (7)		952,560			927,084			885,519			845,494			804,388			763,952
Other		8,630,764			8,630,767			8,634,258			8,542,920			8,542,735			8,542,739
Total other assets		21,413,709			21,388,236			21,350,162			21,218,799			21,177,508			21,137,076			-
TOTAL ASSETS	$	97,784,851	(8)	$	97,517,060	(8)	$	96,595,391		$	98,301,991		$	97,900,552		$	97,847,549		$	-

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	(4)	$	3,018,016		$	3,860,813		$	4,122,424		$	4,068,740		$	4,162,539
Accrued interest		5,223,127			5,713,545			6,307,706			7,345,805			8,420,021			8,990,408
Note payable - related party		1,040,000	(9)		1,040,000	(9)		1,040,000	(9)		1,040,000	(9)		1,040,000	(9)		1,040,000	(9)
Current portion of DIP financing		-			-			-			-			1,100,000			2,100,000
Current portion of asset retirement obligation		-			-			-			583,266			587,187			589,609
Current portion of mortgage payable		2,568,685			2,568,685			2,568,685			2,568,685			2,568,685			2,568,685
Senior secured credit facility		72,021,446			72,021,446			72,021,446			72,021,446			72,021,446			72,021,446
Second lien term loan		51,871,073			51,871,073			52,345,117			52,345,117			52,345,117			52,813,315
Total current liabilities		135,160,820			136,232,765			138,143,767			140,026,743			142,151,196			144,286,002			-
LONG-TERM LIABILITIES:
Asset retirement obligation		1,737,409			1,746,968			1,756,527			4,175,523			4,126,440			4,120,961
Other long-term liabilities		419,336			417,875			415,489			413,103			410,717			408,331
Total long-term liabilities		2,156,745			2,164,843			2,172,016			4,588,626			4,537,157			4,529,292			-
Total liabilities		137,317,565			138,397,608			140,315,783			144,615,369			146,688,353			148,815,294			-
(DEFICIT) EQUITY
Shareholders’ (deficit) equity:
Common stock, $0.01 par value		1,032,828			1,032,828			1,032,828			1,032,828			1,032,828			1,032,828
Additional paid-in capital		142,685,964			142,685,964			142,685,964			142,685,964			142,685,964			142,685,964
Accumulated deficit		(183,251,506	) (4)		(184,599,340	)		(187,439,184	)		(190,032,170	)		(192,506,593	)		(194,686,537	)
Total shareholders’ (deficit) equity		(39,532,714	)		(40,880,548	)		(43,720,392	)		(46,313,378	)		(48,787,801	)		(50,967,745	)		-
TOTAL LIABILITIES AND (DEFICIT) EQUITY	$	97,784,851	(8)	$	97,517,060	(8)	$	96,595,391		$	98,301,991		$	97,900,552		$	97,847,549		$	-

(1) - Cash and cash equivalents reduced and short-term investments increased by $97,146 from the September 22, 2009 Form 8-K filing to properly state the amount held by the Primary Reserve Fund.

(2) - Amount represents cash restricted at Northwestern Bank for collateral on letters of credit. Restricted cash exisited in prior months and was separated during October 2009.

(3) - Amount is net of an $84,000 allowance recorded during September 2009 due to Northwestern Bank informing management that the Primary Reserve Fund likely will not make distributions to cover the balance in full.

(4) - 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 in September 2009 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.

(5) - Amounts represent intercompany receivables from AOP, IRT, HPPC and CMC as defined in the "Explanatory Notes to the Monthly Operating Report" accompanying this MOR.

(6) - Amount represents note receivable from Indiana Royalty Trustory, LLC which AOG holds a 51% interest and is recorded at the gross amount.

(7) - Balance is net of accumulated amortization of $1,105,178, $1,130,654, $1,172,219, $1,212,244, $1,253,349 and $1,293,785 as of July 12, 2009, July 31, 2009, August 31, 2009, September 30, 2009, October 31, 2009 and November 30, 2009, respectively.

(8) - Total assets and total liabilities and (deficit) equity were reduced at July 12, 2009 and July 31, 2009 from the September 10, 2009 Form 8-K 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.

(9) - Amount represents note payable to Aurora Operating, LLC which AOG holds a 71% interest and is recorded at the gross amount.

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			-	(1)		-			-			-
STATE INCOME TAXES		600			600			600			600			600			600
WORKERS' COMPENSATION		-			-			-			-			-			-
TOTAL POST-PETITION TAXES PAYABLE	$	240,557		$	234,633		$	9,530		$	600		$	600		$	600		$	-

Note: Payroll was paid on November 30, 2009 and therefore no accrual exists at November 30, 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		$	1,463,779	(2)	$	596,843		$	740,082		$	858,688
30-59 Days		458,658			357,127			310,849	(2)		1,098,059			296,496			371,392
60-89 Days		114,002			35,509			159,172	(2)		140,524			999,791			212,771
90+ Days		81,102			359,574			545,988	(2)		794,560			1,058,330	(9)		1,376,959	(9)
Other		106,930	(3)		109,775	(4)		107,371	(5)		107,693	(6)		113,317	(7)		75,621	(8)
TOTAL	$	1,620,656		$	1,696,825		$	2,587,159		$	2,737,679		$	3,208,016		$	2,895,431		$	-


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	(1)	$	1,928,255		$	1,757,424		$	1,706,771
30-59 Days		286,518			665,569			259,486			241,896			352,280			531,716
60-89 Days		1,576			300			-			128,990			53,499			13,536
90+ Days		-			-			46,486			-			-			-
TOTAL	$	1,250,483		$	1,718,874		$	1,847,660		$	2,299,141		$	2,163,203		$	2,252,023		$	-

Note: This form does not include intercompany accounts receivable.

(1) - Property taxes payable in the amount of $234,033 were transferred from accruals to accounts payable as of 8/31/09.

(2) - Amounts were adjusted from the September 22, 2009 Form 8-K filing to include revenue receivable balances.

(3) - 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.

(4) - 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.

(5) - 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.

(6) - Amount relates to $64,063 of note receivable interest, $41,537 of Bach insurance premiums and $2,093 of COBRA and unbilled LOE charges from joint partners.

(7) - Amount relates to $66,584 of note receivable interest, $39,560 of Bach insurance premiums and $7,173 of COBRA and unbilled LOE charges from joint partners.

(8) - Amount relates to $68,860 of note receivable interest and $6,761 of COBRA and unbilled LOE charges from joint partners.

(9) - Amount primarily represents past due revenue receivable amounts from non-operators prior to any settlement.

FORM 4

BANK RECONCILIATION AND CASH ACTIVITY REPORT

Month Ended November 30, 2009

CASE NAME: Aurora Oil & Gas Corporation

CASE NUMBER: 09-08254 (SWD)

	Bank: Purpose (Type):	Northwestern Bank Concentration Account			JPMorgan Chase Operating Account (DIP)			JPMorgan Chase Disbursement Account (DIP)			Charles Schwab & Co. Investment Account		Northwestern Bank Money Market (Collateral for LC)			Northwestern Bank General Account (Collateral for LC)		TOTAL***

	Bank Balance (11/30/09)	$	4,340		$	548,022		$	92,463		$	10,534	$	250,225		$	410,843	$	1,316,427

	Add: Deposits in Transit		-			-			-			-		-			-		-

	Subtract: Outstanding Checks		(1,391	)		-			(92,542	)		-		-			-		(93,933	)

	Adjusted Bank Balance (11/30/09)	$	2,949		$	548,022		$	(79	)	$	10,534	$	250,225		$	410,843	$	1,222,494

Cash Activity Report

A	Beginning Book Balance (10/31/09)	$	2,971		$	55,146		$	250		$	10,533	$	250,233		$	410,610	$	729,744

B	Receipts		-			1,843,661			-			1		225			-		1,843,887

C	Transfers In (from other accounts)		-			121			405,070			-		-			233		405,423

D	Balance Available		2,971			1,898,928			405,320			10,534		250,458			410,843		2,979,054

E	Disbursements		(23	)		(945,836	)		(405,278	)		-		-			-		(1,351,136	)

F	Transfers Out		-			(405,070	)		(121	)		-		(233	)		-		(405,423	)

G	Ending Book Balance (11/30/09)	$	2,949		$	548,022		$	(79	)	$	10,534	$	250,225		$	410,843	$	1,222,494

* 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.

*** The Company's Balance Sheet assumes an $84,000 writeoff of the cash held in the Primary Reserve account(s). As a result, the cash presented in the financial statements are $84,000 less (ultimately, $84,500 when petty cash is included) than is presented in this reconciliation and activity report.

Other Monies on Hand

Aurora keeps $500 in petty cash on hand.

Cash Receipts and Disbursements Detail	TOTAL

Receipts
Operations		672,111
Other Receipts		171,776
DIP Financing		1,000,000
Total Receipts	$	1,843,887

Disbursements
Operations		226,428
CapEx		39,213
SG&A		218,783
Lenders fees		-
Debt Service		22,242
Restructuring fees		802,401
Changes in working capital		(12,200	)
Royalties and Other		54,269
Total Disbursements	$	1,351,136

Note: Certain minor differences may occur due to rounding.

FORM 5

MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS

		Period Ending:	November 30, 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:					November 2009

					-

Current Benefits Paid:					November 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:					November 2009

	Rent Paid				N/A

	Loans				N/A

	Other - Consulting Fees				-

	Other - Consulting Travel				-

	Other - Retainer				2,083.33

	Total Other Payments				2,083.33

CURRENT TOTAL OF ALL PAYMENTS:					November 2009

					2,083.33


Dated:	December 18, 2009		/s/ Sanford R. Edlein
			Officer

FORM 6

MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS

		Period Ending:	November 30, 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:					November 2009

					335.00

Current Benefits Paid:					November 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:					November 2009

	Rent Paid				N/A

	Loans				N/A

	Other - Retainer				2,083.33

	Other (Describe)				-

	Other (Describe)				-

	Total Other Payments				2,083.33

CURRENT TOTAL OF ALL PAYMENTS:					November 2009

					2,418.33


Dated:	December 18, 2009		/s/ Sanford R. Edlein
			Officer

FORM 6

MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS

		Period Ending:	November 30, 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:					November 2009

					1,062.50

Current Benefits Paid:					November 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:					November 2009

	Rent Paid				N/A

	Loans				N/A

	Other - Retainer				2,083.33

	Other (Describe)				-

	Other (Describe)				-

	Total Other Payments				2,083.33

CURRENT TOTAL OF ALL PAYMENTS:					November 2009

					3,145.83


Dated:	December 18, 2009		/s/ Sanford R. Edlein
			Officer

FORM 6

MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS

		Period Ending:	November 30, 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:					November 2009

					-

Current Benefits Paid:					November 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:					November 2009

	Rent Paid				N/A

	Loans				N/A

	Other - Retainer				2,083.33

	Other (Describe)				-

	Other (Describe)				-

	Total Other Payments				2,083.33

CURRENT TOTAL OF ALL PAYMENTS:					November 2009

					2,083.33


Dated:	December 18, 2009		/s/ Sanford R. Edlein
			Officer

FORM 6

MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS

		Period Ending:	November 30, 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:					November 2009

					1,375.00

Current Benefits Paid:					November 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:					November 2009

	Rent Paid				N/A

	Loans				N/A

	Other - Retainer				2,083.33

	Other (Describe)				-

	Other (Describe)				-

	Total Other Payments				2,083.33

CURRENT TOTAL OF ALL PAYMENTS:					November 2009

					3,458.33


Dated:	December 18, 2009		/s/ Sanford R. Edlein
			Officer

FORM 6

MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS

		Period Ending:	November 30, 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:					November 2009

					-

Current Benefits Paid:					November 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:					November 2009

	Rent Paid				N/A

	Loans				N/A

	Other - Retainer				2,083.33

	Other (Describe)				-

	Other (Describe)				-

	Total Other Payments				2,083.33

CURRENT TOTAL OF ALL PAYMENTS:					November 2009

					2,083.33


Dated:	December 18, 2009		/s/ Sanford R. Edlein
			Officer

FORM 6

MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS

		Period Ending:	November 30, 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:




Current Compensation Paid:					November 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:	December 18, 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:	November 30, 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:					November 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				137.75

	Total Benefits				1,136.21


Current Other Payments Paid:					Total Month

	Rent Paid				N/A

	Loans				N/A

	Other: 11/18/09 Expense Report				149.68
	Lunch Meeting/DTCC
	Other: 11/18/09 Expense Report				2.75
	Mileage
	Other (Describe)				-

	Total Other Payments				152.43

CURRENT TOTAL OF ALL PAYMENTS:					Total Month

					$11,288.64


Dated:	December 18, 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:	November 30, 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:					November 2009

	Resumption of Base Salary as of 10/1/09				11,000.00

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				2,500.00
	Co. Share FICA & Medic				190.39

	Total Benefits				3,688.85


Current Other Payments Paid:					Total Month

	Rent Paid				N/A

	Loans				N/A

	Other- 11/12/09 Expense Report				125.16
	Cell Phone Charges				140.00
	Other: Carried Working Interest				-
	Under Venator Energy LLC, John Hunter has a balance due to AOG of $206,247.03 as of 11/30/09
	Other: JIB'd Working Interest				-
	Under Venator Energy LLC, John Hunter has a balance due to AOG of $387.54 as of 11/30/09
	Total Other Payments				265.16

CURRENT TOTAL OF ALL PAYMENTS:					Total Month

					$ 14,954.01


Dated:	December 18, 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:	November 30, 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:					November 2009

	Resumption of re-negotiated Base Salary as of 10/1/09				15,416.68

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				219.28

	Total Benefits				1,049.87


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

					$16,466.55


Dated:	December 18, 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:	November 30, 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:					November 2009

					-

Current Benefits Paid:					Total Month

	Health Insurance				-

	Life Insurance				N/A

	Retirement 401(k)				N/A

	Company Vehicle				N/A

	Travel				N/A

	Other Benefits				-
	Co. Share FICA & Medic

	Total Benefits				-


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

					5,000.00


Dated:	December 18, 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 November 30, 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)	1/31/2010
Directors & Officers Liability - Excess	Federal Insurance Company (Chubb)	1/31/2010
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

Note: Aurora Oil & Gas Corporation affirms that all necessary insurance coverages are in effect and all premium payments are current as of the ending date specified above.

FORM 7

Aurora Oil & Gas CORP - FORM 8-K - EX-99.1 - December 22, 2009

Attached files