
Press Release
Source: Avalon
Oil & Gas, Inc.
Avalon Oil & Gas Announces Update On Grant Parish,
Louisiana Leasehold
MINNEAPOLIS- July 09, 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.
“We have installed a newly designed down hole tube pump in
the Doris Hall #1. It is currently pumping over 200 barrels of fluid
below a packer. The casing leak has been plugged and the well is
beginning to produce oil”, said Dave Geyer, President of DRG
Energy. The well was producing 20 BOPD when it was shut-in in 1988.
The Doris Hall #3 well is currently producing about 10 BOPD with
a 1 ½ “ pump, the fluid level on this well is staying
above 900 feet. We have purchased and installed a new 2” pump
for this well which should increase the amount of fluid by 60%. “I
am eager to see how much the oil production increases with the installation
of this new pump”, said Kent Rodriguez, CEO of Avalon. “We
are awaiting a work-over rig for the Doris Hall #6A and Fletcher
# 1. Both wells have casing leaks that need to be repaired. We are
also evaluating a chemical treatment program for the leasehold,” added
Rodriguez.
“The initial results on the Doris Hall #1 and Doris Hall #3 are
very encouraging, and we are excited to begin the workover on the Doris
Hall 6A and the Fletcher #1.” “With the oil cut increasing
every day, we feel the chemical treatment program will enhance the
existing production”, said Oklahoma City Independent Oil Producer
and working interest owner, Stan Barta.
Avalon, DRG and Barta all own an undivided twenty five percent (25%)
working interest in the Doris Hall and Fletcher Leasehold.
Avalon
is actively seeking the acquisition of other oil and gas properties
in Northeast Louisiana, Southern Arkansas and East Texas.
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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