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Avalon Acquires a Leasehold Position in Rice County, Kansas
September 25, 2008 Avalon
Oil & Gas, Inc., (Avalon) (OTCBB: AOGN / FWB: A3MA.F) announced that the
company has acquired an undivided 100% working interest, 85% net revenue interest
in an 80 acre lease, and a 50% working interest, 40% net revenue interest in
a 240 acre lease in Rice County, Kansas. The Rice County leasehold has seven
wellbores and a salt water disposal well.
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Avalon Announces
Waters #3 Gas Well On Line
September 03, 2008 Avalon
Oil & Gas, Inc., (Avalon) (OTCBB: AOGN / FWB: A3MA.F) announced that the
pipeline spur to the Waters #3-328, Lipscomb County, Texas, has been completed.
This well produces from the Lower Morrow sand, a highly charged hydrocarbon reservoir
with several producing gas wells in the immediate vicinity.
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Avalon Releases
Report of Gas and Oil Reserves
August 14, 2008 Avalon
Oil & Gas, Inc., (Avalon) (OTCBB: AOGN / FWB: A3MA.F) announced that the
Company has over $3,000,000 in proven hydrocarbon reserves, as summarized in
the Company’s Form 10-KSB filing for the year ending March 31, 2008. The
10-KSB references a commissioned reserve report of Avalon’s natural gas
and oil holdings which was completed by Petroleum Consulting Services of Oklahoma.
The reserve report details Avalon’s oil and gas investments and includes
data on both current and future production.
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Avalon Updates Shareholders on OilTek, Inc. Spin-Off
August 12, 2008 Avalon
Oil & Gas, Inc., (Avalon) (OTCBB: AOGN / FWB: A3MA.F) announced
today that its majority-owned subsidiary, Oiltek, Inc., is completing a third
amendment to the Form S-1 that was originally filed on October 22, 2007 with
the Securities and Exchange Commission (SEC). Upon approval of the Form S-1,
the Company’s shares will be listed on the OTC Bulletin Board. Avalon plans
to distribute the shares which it owns in Oiltek to Avalon’s shareholders
on a date determined by the Board of Directors. Avalon is responding to comments
received from the SEC regarding Oiltek in order to complete the revised filing.
The Company expects this filing to be effective and the stock of Oiltek to have
a CUSIP Number and Trading Symbol in the near future.
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Avalon Oil & Gas Reports Strong Year-End Results
July 23, 2008 Avalon
Oil & Gas, Inc., (Avalon) (OTCBB: AOGN / FWB: A3MA.F) has
reported its financial results for the fiscal year ending March 31, 2008. In
the Form 10-KSB the Company has filed with the SEC, Avalon demonstrates the continuing
success of its business plan with a five-fold increase in revenues over the prior
year. Total revenues for the twelve months ending March 31, 2008, increased to
$249,859, from $49,671 in the previous year, an increase of over 400%.
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Avalon Increases Ownership in the East Chandler Field
July 03, 2008 Avalon
Oil & Gas, Inc., (Avalon) (OTCBB: AOGN / FWB: A3MA.F) announced
it has signed a letter agreement to acquire all of the oil and gas producing
assets owned by Bedford Energy, Inc. in the East Chandler Field, Lincoln County,
Oklahoma. Avalon will increase its current interest in the Grace #2 well and
acquire working interests in four other producing wells in the East Chandler
Field, the Grace #1, Grace #3, Grace #5A and Grace #6 wells. The Grace #2 working
interest was acquired by Avalon in June, 2008, and the well is currently producing
350 MCF of gas per day.
Read
More
Avalon Acquires Interest in Grace #2
June 09, 2008 Avalon
Oil & Gas, Inc. (Avalon) (OTCBB: AOGN / FWB: A3MA.F) has
acquired a 2.5% working interest and 1.875% net revenue interest
in the Grace #2 Well, Lincoln County, Oklahoma. The Grace #2
is currently producing 350 MCF of natural gas per day. This week
the price of gas closed above $12/MMbtu on the New York Mercantile
Exchange, having peaked above that level in intraday trading
recently in three previous sessions.
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Avalon Reports Increase in Oil and Gas Revenues for Sixth Consecutive
Quarter
May 13, 2008 Avalon
Oil & Gas, Inc. (Avalon) (OTCBB: AOGN / FWB: A3MA.F) announced
an increase in revenues from oil and gas production in the past
quarter of 36% over the previous quarter, reflecting record level
oil and gas prices and expanded property holdings, according
to Kent A. Rodriguez, Avalon’s CEO, in his quarterly update
to shareholders.
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More
Avalon Updates Shareholders on OilTek, Inc. and the S-1
Registration Statement Filing
April 15, 2008 Avalon
Oil & Gas, Inc. (Avalon) (OTCBB: AOGN / FWB: A3MA.F) announced
today that its majority-owned subsidiary, Oiltek, Inc., is completing
a second amendment to the Form S-1 that was filed on October
22, 2007 with the Securities and Exchange Commission. Upon approval
of the Form S-1, the company intends for its shares to be listed
on the OTC Bulletin Board. Avalon plans to spin-off the shares
it owns in Oiltek to Avalon’s shareholders on a date determined
by the Board of Directors.
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More
Avalon Increases Working Interest in Janssen #1A Gas Well
April 10, 2008 Avalon
Oil & Gas, Inc. (Avalon) (OTCBB: AOGN / FWB: A3MA.F) announced
the company is nearing the target drilling depth of 11,000 feet
on the Waters #3-328 gas well in Lipscomb County, Texas. This
well will test the Lower Morrow sands. The lower Morrow “D” sand
is a highly charged hydrocarbon reservoir as is evidenced by
several prolific wells in the immediate vicinity.
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Avalon Expands Oil Recovery Technology Portfolio
March 05, 2008 Avalon
Oil & Gas, Inc., (Avalon) (OTCBB: AOGN / FWB: A3MA.F) announced
today that it has signed a letter of intent to license IMIX International, Inc.'s
BIO-CAT™ Well and Pipeline Cleaner (BWPC) technology. The BWPC technology™ is
an enzyme based formulation for the improvement and increase of the extraction
of oil and other hydrocarbons from underground reservoirs. Through this license,
Avalon now holds the worldwide exclusive rights to the BWPC technology. Included
with the right to utilize the BWPC technology is the right to sublicense, sell
and resell the use of the technology for enhanced oil recovery and hydrocarbon
extraction.
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Avalon Oil & Gas,
Inc. Reports Record Revenue Increase for Sixth Straight Quarter
February 21, 2008 Avalon
Oil & Gas, Inc., (Avalon) (OTCBB: AOGN / FWB: A3MA.F) has reported its financial
results for the third quarter ended December 31, 2007. Total revenues for the
nine months ending December 31, 2007 were $178,610, compared with $26,813 for
the nine month period ending December 31, 2006, an increase of 566%. Oil and
gas revenues for the quarter ending December 31, 2007 were $ 78,304, up 37% over
the previous quarter where revenues were $57,342.
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Avalon Closes Acquisition of Colombian Properties
February 6, 2008 Avalon Oil & Gas,
Inc. (Avalon) (OTCBB: AOGN / FWB: A3MA.F) is pleased to announce it has closed
its acquisition of a twenty percent (20%) interest in the Talora Block and a
fifteen (15%) interest in the Mecaya Block, in Colombia, from Gran Tierra Energy,
Inc. (OTCBB: GTRE). Avalon also announced that the first Talora Block operation,
the re-entry and re-evaluation of the Manantiales well, has begun.
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Avalon Exceeds
Initial Production Estimates by 40% in the Lake Washington Field
January 07, 2008 Avalon Oil & Gas, Inc. (Avalon) (OTCBB:
AOGN / FWB: A3MA.F) announced that it has completed its first production run
in the Lake Washington Field and received its check for sale of oil in December.
The first month’s production run proved to be almost 40% higher than the
company had projected. This increase in production, combined with much higher
commodity prices, has increased the internal rate to over 35% on this recent
portfolio acquisition.
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Avalon Oil & Gas Reports Production Up 69% in Quarter
December 11, 2007 Avalon
Oil & Gas, Inc., (Avalon) (OTCBB: AOGN / FWB: A3MA.F) Kent Rodriguez, CEO
of Avalon Oil & Gas, provided an update on the expanding production of the
Company’s oil and gas asset portfolio, and reported a production increase
of 69% over the previous quarter.
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Avalon Files Form S-1 Registration Statement for OilTek, Inc
December 07, 2007 Avalon Oil & Gas,
Inc., (Avalon) (OTCBB: AOGN / FWB: A3MA.3) announced today that it’s majority-owned
subsidiary, Oiltek, Inc., has filed a Form S-1 with the Securities and Exchange
Commission, and intends for its shares to be quoted on the OTC Bulletin Board
after the Form S-1 has been approved. Avalon plans to spin-off the shares it
owns in Oiltek to Avalon’s shareholders on a date determined by the Board
of Directors.
Read
More
Avalon Oil & Gas Reports
Record Revenues
for Second Quarter 2007
December 05, 2007 Avalon Oil & Gas, Inc., (Avalon)
(OTCBB: AOGN / FWB: A3MA.F) has reported its financial results for the Second
Quarter ended September 30, 2007.
Read
More
Avalon Expands into Colombian Oil Operations
November 12, 2007 Avalon
Oil and Gas, Inc. (Avalon) (OTCBB: AOGN / FWB: A3MA.F) announced the company
has executed a Letter of Intent for the acquisition of an interest in the Mecaya
1 oil discovery in Colombia. This acquisition is the result of a two year search
to evaluate suitable development projects in Colombia, one of the most active
exploration areas in Latin America.
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More
Avalon Acquires of
Lake Washington Production
November
01,
2007 Avalon
Oil & Gas, Inc., (OTCBB: AOGN / FWB: A3MA.F) announced
that it has closed a transaction acquiring non-operated production
in the Lake Washington Field in Plaquemines Parish, Louisiana,
located about 60 miles south of New Orleans. Lake Washington
was discovered in the 1930’s and is located around
a shallow piercement salt feature. Since discovery, the field
has produced approximately 350 million barrels of oil, putting
it among the largest oil and gas fields in the United States.
Read
More
Avalon CEO Proposes Spin-off of Energy Technology Company
August 16,
2007 Avalon Oil & Gas,
Inc. (Avalon) (OTCBB: AOGN) President and CEO, Kent Rodriguez,
today presented a proposal to the Board of Directors to create
a wholly owned subsidiary with focus in oil and gas recovery
technology. The proposal also outlined plans to spin off
the technology subsidiary fully reporting OTCBB corporate
entity, and issue a share dividend to common stockholders
of Avalon.
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More
Avalon Oil & Gas Furthers Latin American Expansion with the Appointment of Global Project Development Expert
July 25, 2007-- Avalon
Oil & Gas, Inc., (OTCBB: AOGN) Avalon announces the
addition of an expert advisor to drive the company’s
expansion program in Latin America. Stephen T. Newton joins
Avalon as an independent energy consultant to provide senior
business development and international project evaluation
support in the Latin American region.
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More
Avalon
Oil & Gas Appoints Expert Advisor in Strategic Technology
Investment
July
23, 2007-- Avalon
Oil & Gas,
Inc., (OTCBB: AOGN) (“Avalon”) announced the
appointment of Dr. D. Bruce Merrifield as an expert advisor.
Dr. Merrifield is currently President and CEO of Pridco Management,
distinguished visiting Professor at Georgetown University,
and Professor Emeritus of the Wharton School of the University
of Pennsylvania, as a Chaired Professor of Innovation and
Entrepreneurial Management. He is a former Vice President
of Technology for the Occidental Petroleum Company and a
Director of the Gas Technology Institute.
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More
Avalon
Reports Janssen #1A June 2007 Production Numbers
July
12, 2007 – Avalon
Oil & Gas, Inc., (OTCBB: AOGN) is pleased to announced
that the Janssen #1A, Karnes County, Texas produced 8,062 MCF
of gas and 163 Barrels of condensate in June 2007. Avalon owns
a 15% working interest in the well. The well is operated by
Tradestar Resources (TSRR.PK) Hot Springs, Arkansas.
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More
Avalon
Oil & Gas Announces Update On Grant Parish, Louisiana
Leasehold
July
9, 2007 - Avalon Oil & Gas, Inc.,
(OTCBB: AOGN ) and its partners have completed the workover
on three wellbores on the Doris Hall Leasehold, Grant
Parish, Louisiana. The Doris Hall and Fletcher leases
produce from the 2nd Wilcox sand from 4,300 to 4,400
feet. This sand is very prolific, containing oil and
gas in commercial quantities. These wells were originally
drilled in 1979, produced in excess of 200 BOPD per well,
and have been shut-in for several years. The Grant Parish
Leasehold is operated by Norman, Oklahoma Independent
Oil Producer, DRG Energy.
Read
More
Avalon
Successfully Completes Workover to Enhance Production on
the Deltaic Farms # 1
July
5, 2007 – Avalon Oil & Gas,
Inc., (OTCBB: AOGN) announced the workover on the Deltaic
Farms # 1 , Kiblah Field, Miller County, Arkansas has
been successfully completed.
Read
More
Avalon
Oil & Gas Commences testing Operations in Grant Parish,
Louisiana
July
2, 2007 - Avalon
Oil & Gas, Inc., (OTCBB: AOGN ) and
its partners have commenced field operations on the Doris
Hall and Fletcher Leasehold, Grant Parish, Louisiana.
The two leases produce from the 2nd Wilcox sand from
4300 to 4400 feet. This sand is very prolific containing
oil and gas in commercial quantities. The Leasehold has
six (6) wellbores. These wells were originally drilled
in 1979 and produced in excess of 200 barrels of oil
per day per well, and have been shut in for several years.
Read
More
Avalon
Begins Workover to Enhance Production on the Deltaic Farms
# 1
June
28, 2007 – Avalon
Oil & Gas, Inc.,
(OTCBB: AOGN) announced that it has finalized an AFE
(Authorization for Expenditure) for the workover of the
Deltaic Farms # -1 well, Miller County, Arkansas
Read
More
Avalon Announces that the Janssen # - 1A is Producing Gas
and Condensate
June
26, 2007 – Avalon
Oil & Gas, Inc., (OTCBB: AOGN) is pleased to announce
that Tradestar Resources reports that the Janssen #1A well
in Karnes County, Texas has been put into production. Avalon
owns a 15% Working Interest in the well.
Read
More
Avalon Oil & Gas, Inc., Successful Workover on
the Gunn # - 1
June
21, 2007 – Avalon
Oil & Gas,
Inc., (OTCBB: AOGN) announces that KROG Partners LLC, has
completed the work-over of the Gunn # - 1 Miller County
Arkansas. The Tokio zone was re-perforated and the
pumping unit was repaired. Production has stabilized
at 7 BOPD. Avalon and KROG each own a 50% working interest
in the Gunn # - 1 and two other wells in the Kiblah
field.
Read
More
Avalon Announces Sidetrack Drilling At Janssen # - 1 Gas
Well
June
19, 2007 – Avalon Oil & Gas,
Inc., (OTCBB: AOGN) announced today that operations
have begun to recomplete the Janssen # - 1 Gas Well,
Karnes County, Texas. The Janssen prospect will be recompleted
in the existing vertical wellbore by a sidetrack drilling
procedure at a depth of approximately 10,450 feet to
test the Roeder sand. Total reserves are estimated to
be 75,000 to 100,000 barrels of condensate and 3 to 4
BCF of Gas (billion cubic feet of gas). The well is located
in an area that is very active in gas and oil production.
There are several nearby wells that produce natural gas
in excess of over 1 million cubic feet per day.
Read
More
Avalon Begins Workover to Enhance Production on the Gunn
# 1
June
5, 2007 – Avalon Oil & Gas,
Inc., (OTCBB: AOGN) announced that it has finalized
an AFE (Authorization for Expenditure) for the workover
of the Gunn #1 well, Miller County, Arkansas.
Read
More
Avalon
Announces Purchase of Karnes County Prospect With Potential Reserves
of 3-4 BCF Gas and 75,000 to 100,000 Barrels of Condensate
May
31, 2007 - Avalon
Oil & Gas, Inc., (OTCBB: AOGN) announced
today that it has purchased a stake in
the Janssen Prospect, Karnes County, Texas.
Plans are underway to revitalize the property
in conjunction with Tradestar Resources
(TSRR.PK), Hot Springs, AR, Bedford Energy
(BFDE.PK) Oklahoma City, OK, and Penasco
Petroleum, Austin TX.
Read More
Avalon
Oil & Gas Commences testing Operations in
Grant Parish, Louisiana
February 8, 2007 -Avalon
Oil & Gas, Inc., (OTCBB: AOGS ) and
its partners have commenced field operations
designed to provide a measure of the productive
capabilities of this property prior to acquisition.
Read More
Avalon
Oil & Gas Signs Letter of Intent to Acquire Working Interest
in Grant Parish, Louisiana
January 30, 2007 - (“Avalon”)
announced today, through its relationship with KROG Partners, LLC
(“KROG”) , a Kilgore, Texas based operator, that Avalon,
KROG, Avalon’s advisor, William Anderson DBA Anderson Oil & Gas,
Inc. (“Anderson”), and another partner
have jointly agreed to acquire one hundred percent
(100%) working interest in a six well production
property located in Grant Parish, Louisiana from
a Lafayette, Louisiana based company.
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Avalon
Oil & Gas Explores Latin American Expansion
with the Appointment of Global Project Development
Experts
January 16, 2007
- (“Avalon”)
announced the addition of two expert advisors to drive the
company’s expansion program in Latin America. Joining
the company’s advisory board are
Gary Browning and Menno Wiebe, who bring
30 and 36 years of oil and gas industry
experience, respectively.
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Avalon
Oil & Gas
Provides Operational Update for Upshur
County, Texas Property
January
11, 2007 - Avalon Oil & Gas has begun
conducting optimization activities in conjunction
with its partners in the New Diana property
located in Upshur County, Texas. Avalon
recently announced the acquisition of a
10% working interest in this property consisting
of 13 wellbores, including producing oil
wells, salt water disposal wells and shut-in
or marginally producing wells.
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Avalon Oil & Gas Acquires
Working Interest In Upshur County, Texas
January 08, 2007 - Avalon
Oil & Gas announced
today, through its relationship with KROG Partners, LLC ("KROG"),
a Henderson, Texas based operator, that Avalon, KROG, and
Avalon's advisor, William Anderson DBA Anderson Oil & Gas,
Inc. ("Anderson"), have jointly acquired a fifty percent
(50%) working interest in an active Woodbine production property
consisting of 13 wellbores, which include six (6) producing
oil wells, three (3) salt water
disposal wells, three (3) shut-in or marginally
producing wells, and one (1) well that
has been plugged and abandoned since the
effective date, located in Upshur County,
Texas.
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UTEK Corporation and Avalon Oil and Gas,
Inc. CompleteTechnology Transfer
November 09, 2006 - UTEK
Corporation (AMEX:UTK) (LSE-AIM:UTK), a specialty finance
company focused on technology transfer, and Avalon Oil and Gas, Inc. announced
that Avalon Oil and Gas, Inc. has acquired Intelli-Well Technologies, Inc., a
wholly owned subsidiary of UTEK, in a stock transaction.
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Avalon Oil & Gas,
Inc. Appoints John Rhodes as Advisor
November 07, 2006
- Avalon
Oil & Gas, Inc.has appointed John
Rhodes as an advisor to Avalon and
to Avalon's Board of Directors.
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Avalon
Oil & Gas,
Inc. Appoints Mark Oliver as Advisor
November 07, 2006
- Avalon
Oil & Gas, Inc.has appointed Mark
Oliver as an advisor to Avalon and
to Avalon's Board of Directors.
Read More
Avalon
Oil & Gas Completes Work-Over on
Chance # - 2
August
21, 2006 - Avalon
Oil & Gas, Inc., announced today, through
its relationship with KROG Partners, LLC, a Henderson, Texas
based operator, that Avalon and KROG have completed the work-over
the Chance #2 well. The workover was performed as planned and
within budget, and has achieved successful results. Production
from the Chance lease has increased approximately 2-3 BOPD as
a result of the workover, with relatively low associated water
production. The workover included setting a packer to isolate
a potential casing leak, and setting a pump, rods, and a pumping
unit in order to re-establish production from the previously
shut-in well.
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Avalon Oil & Gas Acquires Working
Interest In Miller County, Arkansas
August
17, 2006 - Avalon
and KROG have jointly acquired three producing oil wells located
in Miller County, Arkansas from an Oil City, Louisiana, independent
oil producer. The acquisition
has been closed and is effective August 11 th , 2006. Avalon
and KROG will each own 50% working interest in the properties,
and KROG will be the operator.
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Avalon Oil & Gas To Begin Work-Over
on Chance # - 2
July 7,
2006 - Avalon
Oil & Gas, Inc., announced
today that KROG Partners, LLC
,operator of the E. A. Chance
# - 2, has secured a work-over
rig. Avalon has a fifty percent
(50%) working interest in the
wellbore.
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Avalon Oil and Gas, Inc. and UTEK Corporation Sign a Strategic
Alliance
May 17, 2006 - UTEK
Corporation (AMEX & LSE-AIM: UTK),
the technology transfer company, and
Avalon Oil and Gas, Inc., engaged in
the acquisition of oil and gas producing
properties with multiple enhancement
opportunities, announced today that they
have signed a strategic alliance agreement.
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Avalon Oil & Gas,
Inc. Appoints William D. Anderson as
Advisor
April 11, 2006
- Avalon
Oil & Gas, Inc.has appointed industry
veteran William D. Anderson as an advisor
to Avalon and to Avalon's Board of
Directors.
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