Eagle Energy Inc T.EGL.UN

Aurora (AEF) news good for EGL.UN

[netgenx]

Aurora (AEF) is up 25% in the last 2 days on this news.
Their properties are in Gonzale county; we are just on the north edge of it.
Potential upside adjustment on land value?


Marathon Oil Corp's (NYSE:MRO) $3.5 billion purchase of Hilcorp Energy and KKR's Eagle Ford acreage
6/1/2011 10:54 AM - CND

TORONTO, Jun 1, 2011 (Canada NewsWire via COMTEX News Network) --

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

Aurora Oil & Gas Limited ("Aurora") notes the recent announcement by Marathon Oil Corp ("Marathon") of the purchase of Hilcorp Energy Company ("Hilcorp") and its partner Kohlberg Kravis Roberts' ("KKR") acreage within the Eagle Ford shale trend in South Texas. Hilcorp is currently the operator of Aurora's acreage in the Eagle Ford.

On 1 June 2011 Marathon announced that it had agreed to purchase 141,000 net acres within the Eagle Ford trend from Hilcorp and its partner KKR for a total of $3.5 billion. The acquisition remains subject to due diligence and customary terms and is anticipated to close on 1 November 2011.

Aurora provides the following commentary on the Marathon announcement: