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):		July 1215, 2009
AURORA OIL & GAS CORPORATION
(Exact name of registrant as specified in its charter)
UTAH	000-25170	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.)

UTAH	000-25170	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 18.~~03 Bankruptcy or~~01 Other ~~Receivership~~Events.

On As previously reported in the Form 8-K filed on July 1214, 2009, on July 12, 2009, Aurora Oil & Gas Corporation (the “Company”) and the Company’s subsidiary, Hudson Pipeline & Processing Co., LLC (together, the “Debtors”), filed voluntary petitions for relief under Chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”), in the United States Bankruptcy Court for the Western District of Michigan (the “Court”). The ~~Company~~Debtors’s ~~case~~cases isare being jointly administered as In re Aurora Oil & Gas Corporation, Case No. 09-08254(SWD).

The Debtors will continue to operate their business as “debtors-in-possession” in accordance with sections 1107 and 1108 ~~and other applicable provisions~~ of the Bankruptcy Code and subject to the requirements of the Bankruptcy Code, which include court approval of matters outside the ordinary course of business. No trustee, examiner, or official committee has been appointed.

~~The~~ On July ~~Debtors~~13, ~~have~~2009, ~~worked~~the ~~diligently~~Debtors ~~to facilitate~~filed avarious ~~global~~“first ~~restructuring~~day” ~~transaction,~~motions ~~including~~and applications. At ~~entering~~a ~~into~~hearing ~~several amendments~~before ~~and~~the ~~forbearance~~Court ~~agreements~~on ~~with BNP~~July ~~Paribas~~15, ~~(“BNP”)~~2009, ~~and the~~to ~~lenders~~consider ~~under~~certain ~~the~~of ~~Senior~~those ~~Secured~~motions, ~~Credit~~the ~~Facility~~Debtors ~~and~~obtained ~~D.E.~~approval, ~~Shaw~~among ~~Laminar~~other ~~Portfolios~~things, ~~LLC~~to ~~(“Laminar”)~~use ~~and~~cash ~~the~~collateral ~~lenders~~ under ~~the~~certain ~~Second~~terms ~~Lien~~and ~~Term Loan. The~~conditions, ~~Debtors~~to ~~have~~establish procedures ~~not~~for ~~yet~~reviewing ~~been~~trading ~~able~~in tothe ~~obtain~~Company’s ~~agreement~~common onstock ~~the~~and potentially ~~terms~~to ofenjoin such atrading, ~~restructuring~~ and ~~intend~~ to ~~utilize~~limit ~~the~~notice ~~bankruptcy~~and ~~process~~ to ~~attempt~~ toestablish ~~achieve~~notice procedures, with a ~~consensual~~final ~~restructuring~~hearing oron ~~some~~such and other ~~appropriate~~matters currently scheduled for August 5, ~~alternative~~2009.

~~Item 2.04 Triggering Events~~Use ~~That~~of ~~Accelerate or Increase a Direct Financial Obligation.~~Cash Collateral

~~The~~On ~~disclosure~~July ~~under~~15, ~~Item~~2009, ~~1.03~~the Court entered the Interim Order (i) Authorizing the Debtors’ use of ~~this~~Cash Collateral, (ii) Granting Replacement Liens, Adequate ~~report~~Protection isand ~~incorporated~~Administrative ~~herein~~Expense byPriority ~~reference~~to Certain Prepetition Lenders and (iii) Scheduling a Final Hearing Pursuant to Bankruptcy Rule 4001 (the “Interim Order”) authorizing the Debtors, among other things, to use cash collateral in accordance with the budget attached thereto.

~~Senior~~The ~~Secured~~authorization ~~Credit~~by the Court for the ~~Facility~~use of cash collateral is expected to terminate on August 15, 2009 (the “Expiration Date”), subject to the extension of the Expiration Date. However, there are numerous terminating trigger events that could occur prior to August 15, 2009, which are specified in the Interim Order. A hearing to consider approval of the Interim Order on a final basis is scheduled for August 5, 2009, at 1:30 p.m., with any objections due by July 31, 2009, at 3:30 p.m.

The ~~filing~~ offoregoing ~~voluntary~~description ~~petition by the Company for relief under Chapter 11 constituted an event~~ of ~~default under~~ the ~~amended and restated senior secured~~ ~~credit~~Interim ~~facility~~Order ~~dated~~does ~~August~~not ~~20,~~purport ~~2007~~to ~~between~~be ~~the~~complete ~~Company, BNP~~ and ~~the~~is ~~lenders under~~qualified ~~the~~in ~~senior~~its ~~secured credit facility (“Senior Secured Credit~~entirety ~~Facility”). Under~~by ~~the~~reference ~~terms~~to of the ~~Senior~~Interim ~~Secured Credit Facility~~Order, ~~BNP~~a ~~and~~copy ~~the lenders have the right to declare the outstanding obligation~~ of ~~approximately~~which ~~$70~~is ~~million~~attached ~~(plus~~as ~~accrued~~Exhibit ~~and unpaid interest and~~10.24 ~~other asserted charges)~~ to bethis ~~due~~report and ~~payable~~is inincorporated ~~full. The~~herein ~~Company did~~by ~~not pay interest in the approximate amount of $1~~reference.~~1 million due June 30, 2009 for the period April 1, 2009 to June 30, 2009.~~

~~Second~~Establish ~~Lien~~Procedures ~~Term~~for ~~Loan~~Reviewing Common Stock Trading

~~The filing~~On ofJuly ~~voluntary~~15, ~~petition~~2009, by the ~~Company~~Court ~~for~~entered ~~relief~~the Interim ~~under~~Order ~~Chapter~~on 11Motion for ~~constituted~~Establishing anNotification ~~event~~and ofHearing ~~default~~Procedures ~~under~~for Trading in Equity Securities (the ~~second~~“Interim ~~lien~~Trading ~~term~~Order”) ~~loan~~granting ~~dated~~the ~~August~~Debtors’ ~~20,~~motion to ~~2007~~require ~~between~~substantial owners of the Company’s common stock to provide notice of their holdings, ~~Laminar~~to provide notice of potential sales or purchases, and ~~the~~to restrict, ~~lenders~~in ~~under~~specified ~~second~~circumstances, ~~lien~~certain ~~term~~potential ~~loan~~transactions by a substantial shareholder (the “~~Second~~Notice ~~Lien~~of ~~Term~~Proposed ~~Loan~~Transfer”). ~~Under~~A “Substantial Shareholder” under the ~~terms~~Interim ofTrading ~~the~~Order ~~Second~~is ~~Lien~~a ~~Term~~person or entity ~~Loan,~~that ~~Laminar~~beneficially ~~and~~owns ~~lenders~~or, ~~under~~as ~~the~~a ~~second~~result ~~lien~~of ~~term~~a ~~loan~~purchase ~~have~~or ~~the~~sale ~~right~~transaction, towould ~~declare~~beneficially ~~the~~own, ~~outstanding~~at ~~obligation~~least of4.5 ~~approximately $50~~ million shares (~~plus~~including ~~accrued and~~options ~~unpaid~~to ~~interest~~acquire shares) toof bethe ~~due~~Company’s ~~and~~common ~~payable in full~~stock.

Mortgage Obligation

The filing of voluntary petition by the Company for relief under Chapter 11 constituted an event of default under a mortgage loan agreement dated May 26, 2009 between the Company and Northwestern Bank (“Loan Agreement”). Monthly interest only payments are due through November 1, 2009. As of the filing date, approximately $2.6 million remained outstanding under the Loan Agreement. Under the terms of the Loan Agreement, upon an event of default Northwestern Bank has the right to increase the interest rate to 7.45% which is an increase of 2.00%. Northwestern Bank also has the right to declare the entire unpaid principal balance and all accrued interest immediately due.

~~Equipment~~Under the Notice of Proposed Transfer, ~~Lease~~each Substantial Shareholder must provide the Debtors, the Debtors’ counsel and the Court advance notice (“Transfer Notice”) of its intent to buy or sell common stock (including options to acquire the Company’s common stock) prior to effectuating any such purchase or sale. Any person or entity that currently is or becomes a Substantial Shareholder must file with the Court, and provide the Debtors and their counsel with, notification of such status on or before the later of 20 days after the date of entry of the Interim Trading Order, or 10 days after becoming a Substantial Shareholder. Pursuant to the Interim Trading Order, the Debtors have 30 days after receipt of the Notice of Proposed Transfer to file an objection to any proposed transfer or equity securities with the Court and serve notice on the Substantial Shareholder providing the notice. If the Debtors file any such objection, the transfer would not become effective unless approved by a final and nonappealable order of the Court. A hearing to consider approval of the Interim Trading Order on a final basis is scheduled for August 5, 2009, at 1:30 p.m., with any objections due by July 31, 2009, at 3:30 p.m.

The ~~filing~~foregoing description of ~~voluntary petition by~~ the ~~Company~~Interim ~~for~~Trading ~~relief~~Order ~~under~~does ~~Chapter~~not 11purport ~~also~~to ~~constituted~~be ancomplete ~~event~~and ofis ~~default~~qualified ~~under~~in aits ~~master~~entirety ~~equipment~~by ~~lease~~reference ~~agreement~~to ~~dated June 21, 2007 between~~ the ~~Company~~Interim ~~and Fifth~~Trading ~~Third Bank (“Master Lease Agreement”). On June 21~~Order, ~~2007 and December 19, 2007, the Company entered into two separate equipment leases under the Master Lease Agreement covering~~ a ~~total~~copy of ~~13 compressors. Monthly~~which ~~lease~~is ~~payments for both equipment leases are~~attached ~~$45,823~~as ~~until~~Exhibit ~~the expiration of the first lease on January 1, 2013~~10. ~~Upon~~26 ~~expiration of the first lease, the monthly payments are reduced~~ to ~~$8,713~~this ~~until~~report ~~the expiration of the second lease on June 1, 2014. The buyout provisions on the first~~ and ~~second lease~~ is ~~estimated~~ toincorporated beherein ~~approximately $1.1 million and $0.3 million,~~by ~~respectively~~reference.

~~Under~~Establish ~~the terms of the Master~~Notice Lease Agreement, upon an event of default Fifth Third Bank has the right to (1) have the Company promptly return all compressors at the Company’s expense, (2) enter the Company’s premises where the compressors are located at take possession, (3) sell, re-lease or otherwise dispose of the compressors without notice to the Company, (4) proceed by court action to enforce performance by the Company and/or (5) by offset, recoupment or other manner of application, apply any security deposit, monies held in deposit or other sums held by the Company against any obligations under the Master Lease Agreement whether or not the Company has pledged, assigned or granted a security interest to Fifth Third Bank in any or all such sums as collateral.Procedures

~~Any~~On ~~remedies~~July ~~that~~15, ~~may~~2009, ~~exist~~the ~~related~~Court entered the Order on Motion for Granting Authority to Limit Notice and to Establish Notice Procedures (the “Notice Order”) granting the ~~events~~Debtors’ motion to limit notice and to establish notice procedures. The Notice Order authorized the Company to notify certain limited parties and set forth procedures by which to inform those parties of certain ~~default~~matters ~~described~~governed ~~above~~by ~~are~~Bankruptcy ~~stayed,~~Rule ~~under~~2002. Parties ~~section~~not included ~~362~~that wish to receive notice of all matters in the Debtors’ cases must file a notice of appearance in accordance with Bankruptcy ~~Code~~Rule 2002.

The foregoing description of the Notice Order does not purport to be complete and is qualified in its entirety by reference to the Interim Trading Order, a copy of which is attached as Exhibit 10.25 to this report and is incorporated herein by reference.

Filings with the Court, including the Interim Order, Interim Trading Order and Notice Order are available to the public at www.donlinrecano.com/aurora.

Item 9.01

Financial Statements and Exhibits.

	(d)	Exhibits
	99.1	Press Release dated July 14, 2009.

(d)

Exhibits

10.24

Agreed interim order (i) authorizing the debtors’ use of cash collateral pursuant to 11 U.S.C. sections 361 and 363(c), (ii) granting replacement liens, adequate protection and administrative expense priority to certain prepetition lenders, and (iii) scheduling a final hearing pursuant to bankruptcy rule 4001.

10.25

Order granting authority to limit notice and to establish notice procedures.

10.26

Interim order establishing notification and hearing procedures for trading in equity securities.

99.1

Press Release dated July 21, 2009.

SIGNATURE

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 hereunto duly authorized.

	AURORA OIL & GAS CORPORATION
Date: July 14, 2009	By:	/s/ Barbara E. Lawson
Date: July 21, 2009	/s/ Barbara E. Lawson
		By: Barbara E. Lawson Its: Chief Financial Officer
	By: Barbara E. Lawson
	Its: Chief Financial Officer

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