Aurora maintains its focus on major onshore US oil and gas opportunities but retains upside exposure to International and offshore activities through its investment in Elixir Petroleum Limited.

Aurora holds approximately 13% of Elixir Petroleum Limited following the merger of Elixir and Gawler Resources in late 2007.

Elixir Petroleum is an international E & P company and is listed on the ASX (ticker: EXR).

Elixir holds a diversified portfolio of offshore oil and gas interests across the exploration, appraisal, development and production spectrum including:

• Oil and gas development and production from the shallow shelf Gulf of Mexico US
• Exploration and appraisal activities in the UK Northern North Sea
• A very large acreage position of approximately 1.3 million acres onshore France in the East Paris Basin prospective for both conventional, and in particular, unconventional hydrocarbon bearing formations