Avalon Oil and Gas Inc. AOGN Archives

TuesdayJun 30, 2009 1:08 pm

Avalon Oil & Gas, Inc. (AOGN.OB) Poised to Benefit from Rising Oil Prices

According to the Department of Energy’s Office of Fossil Energy, the United States has more than 43 billion barrels of oil from stranded oil reserves and mature oil and gas wells. The key for any oil and gas producer looking for the next successful venture is knowing where to look and having the expertise, crew and equipment to tap into these reserves. The demand for crude oil, natural gas and petroleum-based products continues to soar, with the United States, China and India leading in the cry for more energy. While many markets face downturn in the midst of a recession,…

ThursdayJun 25, 2009 9:29 am

Avalon Oil & Gas, Inc. (AOGN.OB) Lines Up Strong Advisory Board

Avalon Oil & Gas, Inc., an independent investment company engaged in the acquisition of oil and gas producing properties, is fortunate to have one of the strongest advisory boards in the industry. Each member brings a commanding combination of education and experience, providing Avalon with strong guidance and support in its ongoing investments. • William D. Anderson – provides ongoing counsel to Avalon’s senior management and its board of directors. He is a seasoned veteran, with 28 years of technical and financial experience, including business development, planning, and management in the oil and gas industry. He currently heads an oil…

TuesdayJun 23, 2009 1:07 pm

Avalon Oil & Gas Inc. (AOGN.OB) Expands Ownership of Grace Wells through Acquisition of Bedford Energy Assets

Avalon Oil & Gas Inc. is an oil and gas investment company focused on the acquisition of producing properties and the development of oil production-enhancing technologies. In accordance with its business strategy, the company recently announced a letter of intent to acquire all of Bedford Energy Inc.’s oil and gas producing assets. Said assets are located in the East Chandler Field, Lincoln County, Okla., and increase Avalon’s current interest in the Grace #2 well, which it acquired in June 2008. Per the agreement, Avalon will also acquire working interests in Grace #s 1, 3, 5A and 6 wells. Avalon’s Grace…

FridayJun 19, 2009 10:43 am

Avalon Oil & Gas, Inc.’s (AOGN.OB) Strong Leadership Team

Avalon Oil & Gas Inc. is an independent domestic oil and natural gas producer. The company's strategy is to use efficient reservoir maintenance and innovative technology to generate stable cash flows and production from a portfolio of oil and gas leases. Avalon currently has leases in Texas, Louisiana, Oklahoma and Arkansas. Avalon Oil & Gas is led by a strong leadership team which consists of two officers and two directors. Kent Rodriguez, CEO – Mr. Rodriguez joined the company as president and CEO in January 1997. Since 1995, he has been the managing partner of Weyer Capital Partners, a Minneapolis-based…

TuesdayJun 16, 2009 12:44 pm

Avalon Oil & Gas, Inc. (AOGN.OB) Management Pleased With Energy Pricing and Development Opportunities

Avalon Oil & Gas, Inc., an independent oil and gas investment company, today told investors that the recent price rally in oil is encouraging for the industry as well as for Avalon’s near term acquisition plans. “Since December, we’ve seen oil prices pass one ceiling after another, going from $33 per barrel to more than $72 per barrel,” commented Kent A. Rodriguez, Avalon’s CEO. “This translates into significant improvement in margins for producers like us,” he added. “Our shareholders benefit as well, as our oil reserve assets are valued in excess of $8,000,000 in this environment.” He continued, “During the…

TuesdayJun 16, 2009 9:37 am

Avalon Oil Oil & Gas, Inc. (AOGN.OB) Revenues Climb with First Check From Scissortail

Avalon Oil & Gas, Inc., an independent domestic producer/investor of oil and natural gas, announced last month that it has received its first check for gas revenues from Scissortail Energy, an Oklahoma based provider of natural gas midstream services. The payment is for natural gas produced in the East Chandler Field in Lincoln County, Oklahoma, northeast of Oklahoma City, encompassing various wells in which Avalon holds partial interest. It represents the continuation of a climb in revenues for Avalon over the past year, with more expected. Avalon is an investment company that acquires oil and gas producing properties. In addition,…

WednesdayJun 10, 2009 10:14 am

Avalon Oil & Gas, Inc.’s (AOGN.OB) Paraffin Wax Mitigation Technology

Avalon Oil & Gas, Inc.’s technology arm acquires and develops oil production enhancing technologies from early stage licensing partners. The company's business model is to evaluate the commercialization potential of a technology and its market viability. If warranted, then Avalon will proceed to rapid prototype development and field test of the technology. One of Avalon's licensing partners is UTEK, Inc., a global technology transfer company that enables firms to rapidly acquire innovative technologies from universities and research labs worldwide. Through UTEK, Avalon has acquired a few new oil production technologies. One such technology license acquired by Avalon via UTEK is…

FridayJun 05, 2009 9:19 am

Avalon Oil & Gas, Inc.’s (AOGN.OB) Focus on Acquiring Oil Production Enhancing Technology

Avalon Oil & Gas, Inc. is an independent domestic oil and natural gas producer. The company's strategy is to use efficient reservoir maintenance and innovative oil production enhancing technology on a portfolio of oil and gas properties. Avalon expects this strategy to generate stable cash flows for the company. Avalon's technology arm acquires and develops oil production enhancing technologies from early stage licensing partners. The company's business model is to evaluate the commercialization potential of a technology and its market viability. If warranted, Avalon will then proceed to rapid prototype development and field test of the technology. One of Avalon's…

TuesdayJun 02, 2009 8:45 am

Avalon Oil & Gas, Inc. (AOGN.OB) Has Numerous Oil & Gas Properties – Part 3

Avalon Oil & Gas Inc. is an independent domestic oil and natural gas producer. The company’s strategy is to use efficient reservoir maintenance and innovative technology to generate stable cash flows and production from a portfolio of oil and gas lease properties in Texas, Oklahoma, Louisiana and Arkansas. Here is a brief overview of the rest of Avalon Oil & Gas properties: Avalon has a 10% working interest in the New Diana Field, which is located in Upshur County, Texas. The property consists of thirteen wellbores, which include six producing oil wells, three salt water disposal wells and four shut-in…

FridayMay 29, 2009 9:45 am

Avalon Oil & Gas, Inc. (AOGN.OB) Has Numerous Oil & Gas Properties – Part 2

Avalon Oil & Gas Inc. is an independent domestic oil and natural gas producer. The company's strategy is to use efficient reservoir maintenance and innovative technology to generate stable cash flows and production from a portfolio of oil and gas lease properties in Texas, Oklahoma, Louisiana and Arkansas. Here is a brief overview of a few more of Avalon Oil & Gas properties: Avalon has a property in Grant Parish, Louisiana. The Grant Parish leasehold consists of the Doris Hall and Fletcher leases. The company owns an undivided 25% interest in both the Doris Hall and Fletcher leases. The entire…

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