
Press Release
Source: Avalon
Oil & Gas, Inc.
Avalon Oil & Gas Furthers Latin American Expansion with the Appointment of Global Project Development Expert
MINNEAPOLIS, MN (PR Newswire) – 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.
“Given the strategic priority that Latin American investment plays in our company’s future, we welcome Mr. Newton’s executive experience in international energy project development,” commented Kent A. Rodriguez, Avalon’s President and CEO. “Developing our interests in promising Latin American properties is aligned with Avalon’s strategy to acquire oil and gas producing properties with multiple expansion opportunities,” Rodriguez added.
Mr. Newton remarked, “While our current initiative is to acquire an interest in a producing concession in Columbia, I will be developing a long term strategy to expand Avalon’s production and exploration portfolio throughout the region.”
In addition to his exploration and production expertise, Mr. Newton also brings financial market credibility, having led initiatives in listing a public company on London’s AIM exchange.
His industry expertise spans the range of energy venture expansion activities, including operations, finance, exploration, new business development, with most recent focus on growing and rationalizing the exploration and production portfolio in Colombia for Solana Resources, Limited (TSX-V: SOR, AIM: SORL). For Solana, Mr. Newton served as CEO and President of Solana Petroleum Exploration Colombia and Solana Resources Limited. Prior to Solana, Mr. Newton managed Alberta Energy Company (now ENCANA), and was President and General Manager for AEC Ecuador and AEC Colombia. Mr. Newton’s prior career includes 24 years with Occidental Petroleum, where he was VP, Worldwide Engineering and Technical Services, and held operations and engineering management positions in Latin America, U.S., Australia, Europe, North Sea, and Southeast Asia.
Mr. Newton holds a M.Sc. in Petroleum Engineering from the University of London, and a B.E. in Mining and Petroleum Engineering from the University of Queensland, Brisbane, Australia. He is the Founding President of the Colombian Petroleum Association, and Member of the Society of Petroleum Engineers since 1974.
Please see the company’s website: www.avalonoilinc.com for additional information on Mr. Newton’s background and Avalon’s growth initiatives.
About
Avalon Oil & Gas, Inc.
Avalon Oil & Gas, Inc. is an oil and gas company engaged
in the acquisition of oil and gas producing properties.
In addition, Avalon's technology group acquires and develops
oil production enhancing technologies. Through its strategic
partnership with UTEK, Inc, (UTK: ASE) a transfer technology
company, Avalon is building an asset portfolio of innovative
technologies in the oil and gas industry to maximize enhancement
opportunities at its various oil and gas properties.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking
statements" within the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934, as amended by the Private Securities Litigation Reform
Act of 1995. Those statements include statements regarding the intent, belief
or current expectations of Avalon Oil & Gas, Inc., and members
of its management as well as the assumptions on which such statements
are based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results
may differ materially from those contemplated by such forward-looking
statements. The Company undertakes no obligation to update or
revise forward-looking statements to reflect changed assumptions,
the occurrence of unanticipated events or changes to future operating
results.
FOR FURTHER INFORMATION, please visit
the company’s
website at www.avalonoilinc.com, or contact:
Avalon Oil & Gas,
Inc., Minneapolis Kent Rodriguez, 952-746-9655 Fax 952-746-5216
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