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CEO Issues Letter to Shareholders of Avalon Oil & Gas, Inc.
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 got a good week ahead of us, lets go aogn!
Bayside Petroleum Company, Inc. is an aggressively managed energy exploration, development and production company in the process of building oil & gas reserves and production in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the profitable business of reworking ‘marginal’ oil & gas wells located in the thousands of mature oil & gas producing fields across much of the United States. The Company’s management team has a proven record of success in the industry, and intends to foster rapid corporate growth through its ability to identify, acquire interests in, and rework oilfields that offer exceptionally attractive risk/reward parameters.
The Company applies its knowledge, experience and effective well-remediation technologies to achieve higher production volumes, longer well life, and more-efficient recovery of the proven and available oil and gas reserves in the fields/projects in which it has acquired an ownership interest. By acquiring interests in a growing number of selected projects in various regions, Bayside Petroleum is diversifying its exposure and effectively minimizing risk as it pursues corporate growth and value enhancement to the benefit of all stakeholders.
420,000 Marginal Wells in the U.S.A. add up to a Lot of Oil & Gas! We believe that the proven reserves contained in aging oil & gas fields represent a key early step in reducing the nation’s current dependence on imported oil. Marginal wells produced more than 335 million barrels of oil in the United States in 2006. That's equivalent to more than 60 percent as much as the United States imports annually from Saudi Arabia and reworking of many of these wells can dramatically enhance their production volume!
“With approximately 20 percent of American oil production and 10 percent of American natural gas production coming from marginal wells, they are America’s true strategic petroleum reserve.”
going back up just like i thought, nice lets make greens out
Bayside Petroleum Company, Inc. is an aggressively managed energy exploration, development and production company in the process of building oil & gas reserves and production in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the profitable business of reworking ‘marginal’ oil & gas wells located in the thousands of mature oil & gas producing fields across much of the United States. The Company’s management team has a proven record of success in the industry, and intends to foster rapid corporate growth through its ability to identify, acquire interests in, and rework oilfields that offer exceptionally attractive risk/reward parameters.
The Company applies its knowledge, experience and effective well-remediation technologies to achieve higher production volumes, longer well life, and more-efficient recovery of the proven and available oil and gas reserves in the fields/projects in which it has acquired an ownership interest. By acquiring interests in a growing number of selected projects in various regions, Bayside Petroleum is diversifying its exposure and effectively minimizing risk as it pursues corporate growth and value enhancement to the benefit of all stakeholders.
properties here.
http://www.avalonoil.com/html/properties.html
yes we still have time and room for a push, chart still has potential.
i think things should start picking back up, just need patients.
i think things should start picking back up, just need patients.
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.
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.
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.
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.
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.
yeah once we get PR's should take our potential higher, waiting for the move.
volume really got bigger here, still have the potential
volume 351,200 slowly picking up
lets keep it green people.
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.
yep, just yesterday the stock was up 25% so i dont think it will be a problem getting to a higher point.
agreed.
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.
well volume is slowly creeping up, we've got potential here to go farther. we just need a little patients.
coming up green, positive lets hold it that way.
coming up green, positive lets hold it that way.
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.
We are excited to begin the workover of the Moody 31-9 #5," said Avalon's CEO, Kent A. Rodriguez. "We are waiting for a workover rig to move on the Moody 31-9 # 5. As soon as the rig is on location we will pull all existing downhole equipment, clean out the wellbore, run a gamma ray log, re-perforate the Upper Tuscaloosa zone, re-run tubing and test the flow rate for initial fluid entry rates. If this operation is successful, we will test the integrity of the salt water disposal well, install a hydraulic lift system and begin production. We hope to increase the fluid recovery to 2,000 barrels of fluid per day, and maintain an oil cut of at least 6%. If we can maintain production at this level, our monthly [production will increase by 40%,"] said Rodriguez.
The Baxterville Field spans over 13,000 acres, with more than 300 producing wells. The field has produced 262 million barrels of oil and 450 billion cubic feet of gas, primarily from the Tuscaloosa formation. The wellbores on the Baxterville Field Prospect have produced from the Lower Tuscaloosa Sand at a depth of 8,800 feet. The Tuscaloosa oil in this field has a very low gravity, around 17 API, and is produced with a large volume of saltwater. The three wells have produced more than 500,000 barrels of oil and were producing 200 barrels of fluid, with a 5% oil cut when they were shut-in in 2006.
big project
Roy Warren – Chief Executive Officer
Roy G. Warren, one of the founders of Bravo! Brands in 1996, served as President and Director before being appointed CEO in 2000. When appointed CEO, Mr. Warren redirected the company’s attention and resources toward developing domestic branded single-serve flavored milk. Identifying milk as a beverage rather than a “food”, Mr. Warren lead the Bravo! Brands team to the pioneering of shelf stable milk in America. In August, 2005 he successfully completed a master distribution agreement with Coca-Cola Enterprises (CCE).
Upon that agreement, Bravo! launched the Nation’s first vendible, shelf stable, plastic bottles to retailers and schools throughout America. Utilizing his 15 year experience as principal, partner, and founder in several securities brokerage firms from 1982 through 1996, Mr. Warren funded the growth of Bravo! Brands by raising over $70 mm in private capital placements. Mr. Warren departed Bravo! in April of 2007 and founded Attitude Drink Company, Inc. shortly after. Mr. Warren is currently 53 years old, has three adult children, and lives with his wife of 30 years, Martha, in North Palm Beach, Florida.
this is there management check it out
http://www.attitudedrinks.com/management.php
Contact:
Contact:
Attitude Drinks Incorporated
Roy Warren, CEO, 877-799-5053
roy@attitudedrinks.com
http://www.attitudedrinks.com
or
SmallCapVoice.Com, Inc.
Stuart T. Smith, 512-267-2430
Fax: 512-267-2530
Info@smallcapvoice.com
Fourteen and one half ounce containers of Phase III Recovery® will be available for purchase in cases of twelve. The ability of the product to ship ambient, without refrigeration enables convenience in storing Phase III. Also important is the re-sealable feature allowing consumers to store any remaining milk in the refrigerator once the container has been opened.
nice getting back up there.
"We are excited to enable consumers to make Phase III Recovery a staple in their daily fitness routine by purchasing online directly from their homes or offices. Building on the introduction into the New York metro area to health clubs, schools and retail outlets, we feel that consumers will find this to be a convenient way to adopt Phase III as a part of an efficiently active lifestyle," commented Roy Warren, CEO of Attitude.
yes volume is starting to creep up again
its bouncing around, lets take this one to the green side of town.
Fourteen and one half ounce containers of Phase III Recovery® will be available for purchase in cases of twelve. The ability of the product to ship ambient, without refrigeration enables convenience in storing Phase III. Also important is the re-sealable feature allowing consumers to store any remaining milk in the refrigerator once the container has been opened.
Jack Shea, Executive Vice President of Sales at Attitude, commented, "With the immediate demand for Phase III witnessed through various product trials, we are thrilled to offer this convenient purchase option."
About Attitude:
Contact:
Contact:
Attitude Drinks Incorporated
Roy Warren, CEO, 877-799-5053
roy@attitudedrinks.com
http://www.attitudedrinks.com
or
SmallCapVoice.Com, Inc.
Stuart T. Smith, 512-267-2430
Fax: 512-267-2530
Info@smallcapvoice.com
.06s and volume picked up nicely up to 1m