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lil dip but we got in new volume
lets go aogn!
i think we still have potential to reach a good point.
see videos here :
http://www.avalonoil.com/html/properties.html
The price of crude oil and natural gas is the engine that drives the energy industry. In the late 1990’s, in the wake of the Asian economic downturn, oil prices sank to $10.00 per barrel. The slump drove many small independent oil and gas producers out of business and many of the large independent producers merged, resulting in a downturn of drilling activities. Oil service companies had fewer rigs to service, pipeline and storage companies had less oil and gas to transport and store, and refineries produced less gasoline and other petroleum products.
The global economy has rebounded in the new millennium. Demand for crude oil, natural gas and petroleum based products has soared in the United States, China and India. This increased demand for energy and the political turmoil in oil-producing regions has caused energy prices to soar and the industry has rebounded. The higher prices have reached most of the industry - producers, refiners, pipeline companies, equipment makers, oil field service providers, and gas station operators - which have all enjoyed new profits. Leading the charge are the world's largest integrated oil companies: Exxon Mobil, BP and Royal/Dutch/Shell. But aggressive domestic independent production companies, such as Avalon Oil & Gas, are also well-positioned to take advantage of improving prices.
Avalon Oil & Gas, Inc. focused on acquiring mature, oil and gas wells in Kansas, Oklahoma, Texas and Louisiana.
The Department of Energy's Office of Fossil Energy has reported there is the potential to meet the demand for an energy thirsty nation by recovering over 43 billion barrels of additional oil from currently stranded oil reserves and mature oil and gas wells in the United States. www.fossil.energy.gov
Developing these resources will provide significant revenues to state treasuries, provide thousands of additional domestic jobs, and improve the U.S. trade balance by reducing imports.
When I started Avalon Oil & Gas, Inc., in 2005, I had a vision that a company with few employees and low overhead could, through diligence and a small but seasoned team of advisors, position itself with the right assets that could provide rapid and significant growth for shareholders. I believe that 2010 is the year this vision begins to become reality. Again, I want to thank all of our shareholders for their continued support and confidence.
About Avalon Oil & Gas, Inc. Avalon Oil & Gas is an oil and gas company engaged in the acquisition and development of producing oil and gas properties. In addition, Avalon's technology group acquires and develops energy production enhancing technologies. Through Oiltek, Inc., Avalon's majority-owned subsidiary, Avalon is building an asset portfolio of innovative technologies in the energy industry to maximize enhancement opportunities. To learn more about AOGN, please visit: www.avalonoil.com.
still staying green, need more volume
great outlook here :
What to look for in for the remainder of 2010:
1. Continue to acquire oil and gas producing properties with stable cash flows and proven reserves. We recently acquired a working interest in a leasehold in Lamar County, Mississippi, and are negotiating the purchase of a working interest in a leasehold in Duval County, Texas. Both of these properties have a producing well and multiple shut-in wells with production history. We are actively seeking additional properties in Kansas, Oklahoma and Texas.
2. Complete the registration statement for our majority owned subsidiary Oiltek, Inc., obtain our OTCBB listing and issue our Avalon shareholders a share dividend, in Oiltek, Inc. The dividend and record date will be determined by our Board of Directors soon. We are actively adding strategic partners and advisors to our Oiltek team.
nice we are up and green, lets keep it that way.
Lake Washington Field - Plaquemines Parish, Louisiana
This property is comprised of three producing units currently making over 1,000 barrels of oil per day. Lake Washington Field is located Plaquemines Parish, Louisiana, 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 almost 80 years ago, the field has produced approximately 350 million barrels of oil, putting it among the largest oil and gas fields in the United States.
Avalon acquired a 0.7% working interest in this property containing 3 producing units as well as like interests in surface production facilities and two salt water injection wells. Swift Energy Company (NYSE:SFY) is the operator of the field. Avalon will be evaluating additional drilling opportunities in the field next year.
Noble County, Oklahoma
This property consists of the Hughes #1 well and surrounding acreage. This well was originally drilled and completed in 1998 and tested 4 MMcf per day. Avalon owns an undivided 16% working interest in the property. The well is operated by DRG Energy, Inc. based in Norman, Oklahoma.
Following a successful workover by the operator, the well’s production has been steadily increasing and most recently was producing both oil and gas at a rate of 5 BOPD and 20 Mcf a day. It is currently producing in the Bartlesville Zone. Expectations are that production should continue to increase.
Nowata County, Oklahoma
This property was very recently acquired by Avalon. Avalon purchased a 10% working interest in the property. The lease contains several wells not currently in production as well as a salt water disposal well. Plans to bring the wells back into production are currently in the final evaluation phase. The operator anticipates commencing operations prior to year end.
E.A. Chance #1 & #2 - Camp County, Texas
Avalon Oil & Gas owns a fifty percent working interest in the E.A. Chance #1 and #2 wellbores, and associated 40 acre lease in Camp County, Texas. This is mature property, and these wells were drilling in the 1950’s. The #1 well is currently producing from the Sub-Clarksville zone, within an active waterflood area. The #2 is temporarily shut-in pending evaluation of a tubing leak, and further consideration of conversion into a Saltwater Disposal Well. These properties are operated by KROG Partners, LLC, a Kilgore, TX based operator. The largest offset operator in this area of Camp County is Basa Resources, a Dallas based independent oil and gas company.
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Dixon Heirs #1, Deltic Farms & Timber #1, the Gunn #1 - Miller County, Arkansas
Avalon Oil & Gas owns a fifty percent working interest in the Dixon Heirs #1, Deltic Farms & Timber #1, and Gunn #1 wells, and associated units and leases. These are mature wells with stable production, and were originally drilled in the early 1980's. These properties are operated by KROG Partners, LLC, and produce from the Tokio zone at an approximate depth of 4,000 feet within the Kiblah field.
Through recent workovers and production optimization activities in the field, Avalon and KROG have doubled production since the acquisition of the property in July, 20
power hour, lets hit it off green.
MINNEAPOLIS, MN, September 30, 2009 – Avalon Oil & Gas, Inc., (Avalon) (OTCBB: AOGN) announced it has signed a letter agreement to acquire a one hundred percent (100%) working interest, eighty-three percent (83%) net revenue interest in 1,500 net mineral acres in Jefferson and Stephens County, Oklahoma. The leasehold has 26 wellbores that were producing 69 barrels of oil per day (BOPD) when they were shut-in in 1986.
the mission
Avalon Oil Inc. is an independent domestic oil and natural gas producer dedicated to seeking and implementing new innovative energy technologies and the development of oil and gas reserves for the benefit of our shareholders.
Kent Rodriguez, Avalon Oil Inc. President & CEO
with 58 gas wells in five states
thats all hard work 58 gas wells in five states its amazing,
Mr. Rodriguez joined the Company as President, and Chief Executive Officer in January, 1997. Since 1995, he has been the Managing Partner of Weyer Capital Partners, a Minneapolis-based venture capital corporation. From 1985 to 1995, he was employed by the First National Bank of Elmore, Elmore, Minnesota, in various capacities. He has a B.A. degree from Carleton College.
Vice President: Jill Allison
In leading Avalon's new technology initiatives, Ms. Allison brings over 20 years of diversified management experience in business development and technology commercialization. Prior to joining Avalon, she managed a technology strategy consulting practice with focus in the market convergence of physical and IT security industries. Her venture development background includes market leadership positions with Monsanto, Iridian Technologies, Pinkertons and Cylink Corporation. She holds a B.A. in Economics from Gustavus Adolphus College; a Master's in International Management (MIM) in Marketing from the American Graduate School of International Management (Thunderbird), Glendale, AZ; and an MBA in Strategic and Entrepreneurial Management from the Wharton School of the University of Pennsylvania, where she focused on strategic alliances and management of technol
they do have the experience to make this work correctly
Borehole Casing Technology
The second technology license acquired by Avalon is from researchers at Lawrence Livermore National Laboratory. This technology involves 'smart oil well borehole casings' for oil recovery. The smart borehole casing technology uses a densely spaced network of casing sensors to monitor critical parameters in a subsurface oil reservoir. Data from a range of sensor types are combined with data fusion technology to yield real-time knowledge of the reservoir and processes such as primary and secondary oil recovery. Sensors located deep within the reservoir are much more sensitive than sensors located on the surface. Types of sensors that can be customized in installation include seismic sensors, electrical resistance tomography electrodes (ERT), electromagnetic (EM) induction tomography coils and thermocouples.
Applications include real-time mapping and monitoring of subsurface fluid composition and distribution in deep oil reservoirs to maximize oil recovery without interfering with normal well operations. Hydrocarbon recovery and well locations can be optimized. Bypassed oil and fluid-flow barriers can be identified; and fluid saturation changes can be effectively mapped.
Technology Asset Portfolio
Avalon is in the process of acquiring a portfolio of new technologies for the oil and gas industry which have been identified through its partner UTEK; and were developed at leading universities and research labs. The initial technologies licensed by Avalon are described below: Paraffin Wax Mitigation Technology , developed by researchers at the University of Wyoming; and Borehole Casing Technology , developed by the Lawrence Livermore National Laboratory.
Paraffin Wax Mitigation Technology
This license provides Avalon with exclusive rights to paraffin wax removal technology for improving oil production efficiency. The technology utilizes ultrasonic waves to mitigate deposits of paraffin wax from crude oil. In this process, a series of varying ultrasonic frequency generating devices are positioned in production tubing walls as a means to inhibit the wax from attaching to the pipes. This technology helps prevent precipitate from forming on the pipes and breaks wax bonds, helping operators to maintain optimal oil viscosity thereby increasing flow rates and production efficiency.
Why this matters. Wax deposition in crude oil pumping equipment is an enormously expensive problem for nearly all oil producers around the world. In the field, production tubing is often plugged by paraffin wax that deposits on the walls of the tubing and surface flow equipment. The deposition of the paraffin wax leads to a significant fall in the oil production rates from the affected well. The wax deposits occur when the temperature and pressure in the tubing move below the cloud point of the oil. These cloud point fluctuations cause paraffin wax crystals to form in the oil and collect within the tubing. They also cause viscosity to increase, further choking off flow-lines.
How it works. Ultrasonic frequency generating devices are positioned adjacent to the production tubing walls, producing at least three optimal ultrasonic frequencies to prevent precipitation. At least one frequency is tuned to disintegrate any of the wax that forms. The second frequency is designed to break down the wax by forming molecules into smaller molecules, and the third frequency employed inhibits the wax from attaching to the production tubing walls. Variations in frequencies can be applied to better prevent the wax buildup in specific installations.
MINNEAPOLIS, MN, September 30, 2009 – Avalon Oil & Gas, Inc., (Avalon) (OTCBB: AOGN) announced it has signed a letter agreement to acquire a one hundred percent (100%) working interest, eighty-three percent (83%) net revenue interest in 1,500 net mineral acres in Jefferson and Stephens County, Oklahoma. The leasehold has 26 wellbores that were producing 69 barrels of oil per day (BOPD) when they were shut-in in 1986.
“We are excited to complete this acquisition and expect to commence a workover program on the wellbores within the next 45 days,” said Avalon’s CEO, Kent A. Rodriguez. “Avalon is negotiating with several strategic partners, including a Duncan, Oklahoma-based drilling contractor and a petroleum engineer from Norman, Oklahoma. We expect to complete our review of completion reports, production history, logs, and well bore schematics from the existing wellbores and surrounding wells, in the next 30 days” added Rodriguez.
Avalon’s growing energy portfolio now includes production assets of 58 producing oil and gas wells in 5 states. The company continues to expand its capital deployment and plans to acquire additional oil and gas producing properties in the region.
volume seems to be picking back up a bit.
What to look for in for the remainder of 2010:
1. Continue to acquire oil and gas producing properties with stable cash flows and proven reserves. We recently acquired a working interest in a leasehold in Lamar County, Mississippi, and are negotiating the purchase of a working interest in a leasehold in Duval County, Texas. Both of these properties have a producing well and multiple shut-in wells with production history. We are actively seeking additional properties in Kansas, Oklahoma and Texas.
2. Complete the registration statement for our majority owned subsidiary Oiltek, Inc., obtain our OTCBB listing and issue our Avalon shareholders a share dividend, in Oiltek, Inc. The dividend and record date will be determined by our Board of Directors soon. We are actively adding strategic partners and advisors to our Oiltek team.
Oil prices have rebounded but the price of natural gas remains weak, hovering around $4.00 per mcf. We continue to produce oil from our leaseholds in Arkansas, Texas and Louisiana, and gas from our leaseholds in Oklahoma and Texas. However, four of the five gas wells we acquired in December 2009, in Lincoln County, Oklahoma are still shut-in. We are only producing the Grace # 2, and do not expect to produce the other four wells until the price of natural gas increases, as the lifting cost of the gas from these wells is too high.
Continue to acquire oil and gas producing properties with stable cash flows and proven reserves. We recently acquired a working interest in a leasehold in Lamar County, Mississippi, and are negotiating the purchase of a working interest in a leasehold in Duval County, Texas. Both of these properties have a producing well and multiple shut-in wells with production history. We are actively seeking additional properties in Kansas, Oklahoma and Texas.
About Avalon Oil & Gas, Inc. Avalon Oil & Gas is an oil and gas company engaged in the acquisition and development of producing oil and gas properties. In addition, Avalon's technology group acquires and develops energy production enhancing technologies. Through Oiltek, Inc., Avalon's majority-owned subsidiary, Avalon is building an asset portfolio of innovative technologies in the energy industry to maximize enhancement opportunities. To learn more about AOGN, please visit: www.avalonoil.com.
Avalon's technology group acquires and develops oil production enhancing technologies from early stage licensing partners. Through its relationship with UTEK, Inc., Avalon is building an asset portfolio. Its business model is to evaluate the commercialization potential as to technology and market viability, and if merited, proceed to rapid prototype development and field test of licensed technologies.Through relationships with targeted marketing partners, system design considerations will be tailored for market acceptance and adoption.
Oil Market Opportunity
Global market conditions present an attractive investment opportunity for proven technologies which will expand oil production efficiency in established fields. New supply solutions are not sufficient to offset declining production in the US. This has led to redevelopment of shut-in wells and prematurely abandoned wells by new market entrants such as Avalon Oil & Gas. Avalon has the advantage of preferential access to the company's field test beds for evaluating prototype technologies for oil production enhancement. In addition, Avalon's industry relationships can be leveraged in developing marketing partnerships for strategic technology commercialization.
Strategic Alliance with UTEK, Inc.
UTEK is a leading, market-driven technology transfer company that enables companies to rapidly acquire innovative technologies from universities and research laboratories worldwide. UTEK has operations in the United States, United Kingdom and Israel and trades on the American Stock Exchange (AMEX) in the US and on the LSE (AIM) in London under the ticker symbol "UTK". Through its strategic alliance with UTEK, the technology commercialization team at Avalon has access to early identification of promising oil production enhancement innovations, and the capability to finance their acquisition in exchange for equity.
Technology Asset Portfolio
Avalon is in the process of acquiring a portfolio of new technologies for the oil and gas industry which have been identified through its partner UTEK; and were developed at leading universities and research labs. The initial technologies licensed by Avalon are described below: Paraffin Wax Mitigation Technology , developed by researchers at the University of Wyoming; and Borehole Casing Technology , developed by the Lawrence Livermore National Laboratory.
CEO Issues Letter to Shareholders of Avalon Oil & Gas, Inc.
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Press Release Source: Avalon Oil & Gas, Inc. On Monday May 17, 2010, 9:00 am EDT
MINNEAPOLIS, May 17 /PRNewswire-FirstCall/ -- Kent A. Rodriguez, CEO of Avalon Oil & Gas, Inc., ("Avalon") (OTC Bulletin Board:AOGN.ob - News) issued the following letter to shareholders today.
Dear Fellow Shareholders:
I want to thank all shareholders for their patience as we continue to recover from the severely depressed commodity pricing environment that prevailed during the first and second quarter of 2009. Oil prices have rebounded but the price of natural gas remains weak, hovering around $4.00 per mcf. We continue to produce oil from our leaseholds in Arkansas, Texas and Louisiana, and gas from our leaseholds in Oklahoma and Texas. However, four of the five gas wells we acquired in December 2009, in Lincoln County, Oklahoma are still shut-in. We are only producing the Grace # 2, and do not expect to produce the other four wells until the price of natural gas increases, as the lifting cost of the gas from these wells is too high.
What to look for in for the remainder of 2010:
1. Continue to acquire oil and gas producing properties with stable cash flows and proven reserves. We recently acquired a working interest in a leasehold in Lamar County, Mississippi, and are negotiating the purchase of a working interest in a leasehold in Duval County, Texas. Both of these properties have a producing well and multiple shut-in wells with production history. We are actively seeking additional properties in Kansas, Oklahoma and Texas.
2. Complete the registration statement for our majority owned subsidiary Oiltek, Inc., obtain our OTCBB listing and issue our Avalon shareholders a share dividend, in Oiltek, Inc. The dividend and record date will be determined by our Board of Directors soon. We are actively adding strategic partners and advisors to our Oiltek team.
i agree, its a good time to get in, we have alot of potential here
The price of crude oil and natural gas is the engine that drives the energy industry. In the late 1990’s, in the wake of the Asian economic downturn, oil prices sank to $10.00 per barrel. The slump drove many small independent oil and gas producers out of business and many of the large independent producers merged, resulting in a downturn of drilling activities. Oil service companies had fewer rigs to service, pipeline and storage companies had less oil and gas to transport and store, and refineries produced less gasoline and other petroleum products.
The global economy has rebounded in the new millennium. Demand for crude oil, natural gas and petroleum based products has soared in the United States, China and India. This increased demand for energy and the political turmoil in oil-producing regions has caused energy prices to soar and the industry has rebounded. The higher prices have reached most of the industry - producers, refiners, pipeline companies, equipment makers, oil field service providers, and gas station operators - which have all enjoyed new profits. Leading the charge are the world's largest integrated oil companies: Exxon Mobil, BP and Royal/Dutch/Shell. But aggressive domestic independent production companies, such as Avalon Oil & Gas, are also well-positioned to take advantage of improving prices.
Avalon Oil & Gas, Inc. focused on acquiring mature, oil and gas wells in Kansas, Oklahoma, Texas and Louisiana.
The Department of Energy's Office of Fossil Energy has reported there is the potential to meet the demand for an energy thirsty nation by recovering over 43 billion barrels of additional oil from currently stranded oil reserves and mature oil and gas wells in the United States. www.fossil.energy.gov
Developing these resources will provide significant revenues to state treasuries, provide thousands of additional domestic jobs, and improve the U.S. trade balance by reducing imports.
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 by acquiring a portfolio of oil and gas leases to generate asset growth, and to deliver a sustainable rate of return for our shareholders.
The current market environment for crude oil and natural gas has created an opportunity for the United States to reduce its dependence on unstable foreign sources of energy. Avalon is currently evaluating producing leases in southern Kansas, Oklahoma, Texas and Louisiana.
About Avalon Oil & Gas, Inc. Avalon Oil & Gas is an oil and gas company engaged in the acquisition and development of producing oil and gas properties. In addition, Avalon's technology group acquires and develops energy production enhancing technologies. Through Oiltek, Inc., Avalon's majority-owned subsidiary, Avalon is building an asset portfolio of innovative technologies in the energy industry to maximize enhancement opportunities. To learn more about AOGN, please visit: www.avalonoil.com.
yeah support looks pretty nice right now.
When I started Avalon Oil & Gas, Inc., in 2005, I had a vision that a company with few employees and low overhead could, through diligence and a small but seasoned team of advisors, position itself with the right assets that could provide rapid and significant growth for shareholders. I believe that 2010 is the year this vision begins to become reality. Again, I want to thank all of our shareholders for their continued support and confidence.
Complete the registration statement for our majority owned subsidiary Oiltek, Inc., obtain our OTCBB listing and issue our Avalon shareholders a share dividend, in Oiltek, Inc. The dividend and record date will be determined by our Board of Directors soon. We are actively adding strategic partners and advisors to our Oiltek team.
prices are leveling out, lets go green today! looking good
What to look for in for the remainder of 2010:
1. Continue to acquire oil and gas producing properties with stable cash flows and proven reserves. We recently acquired a working interest in a leasehold in Lamar County, Mississippi, and are negotiating the purchase of a working interest in a leasehold in Duval County, Texas. Both of these properties have a producing well and multiple shut-in wells with production history. We are actively seeking additional properties in Kansas, Oklahoma and Texas.
We continue to produce oil from our leaseholds in Arkansas, Texas and Louisiana, and gas from our leaseholds in Oklahoma and Texas. However, four of the five gas wells we acquired in December 2009, in Lincoln County, Oklahoma are still shut-in. We are only producing the Grace # 2, and do not expect to produce the other four wells until the price of natural gas increases, as the lifting cost of the gas from these wells is too high.