-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SeypvuodxbdeCeFj+boDjLN/FKo8PIZjp2JAa5B7bvnNkvaI2UkvMgeBmNTrD5TV 7rxNJ5rka6Hd+gnjhoQwfA== 0001050502-07-000010.txt : 20070116 0001050502-07-000010.hdr.sgml : 20070115 20070116161335 ACCESSION NUMBER: 0001050502-07-000010 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070108 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070116 DATE AS OF CHANGE: 20070116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Avalon Oil & Gas, Inc. CENTRAL INDEX KEY: 0000918573 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 841168832 STATE OF INCORPORATION: CO FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12850 FILM NUMBER: 07532208 BUSINESS ADDRESS: STREET 1: 7807 CREEKRIDGE CIRCLE STREET 2: SUITE 105 CITY: MINNEAPOLIS STATE: MN ZIP: 55439 BUSINESS PHONE: 6123599020 MAIL ADDRESS: STREET 1: 7807 CREEKRIDGE CIRCLE STREET 2: SUITE 105 CITY: MINNEAPOLIS STATE: MN ZIP: 55439 FORMER COMPANY: FORMER CONFORMED NAME: XDOGS COM INC DATE OF NAME CHANGE: 20000225 FORMER COMPANY: FORMER CONFORMED NAME: SLED DOGS CO DATE OF NAME CHANGE: 19950112 FORMER COMPANY: FORMER CONFORMED NAME: SNOWRUNNER INC DATE OF NAME CHANGE: 19940203 8-K 1 avalon8k.txt 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 8, 2007 Avalon Oil & Gas, Inc. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Nevada 1-12850 84-1168832 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 7808 Creekridge Circle, Suite 105 Minneapolis, MN 55439 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (952) 746-9652 - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): |_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Section 7 --Regulation FD Item 7.01 Regulation FD Disclosure. A) Avalon Oil & Gas, Inc. ("Avalon") has announced in a press release dated January 8, 2007 that it has acquired an interest in an additional oil and gas producing property through its relationship with KROG Partners, LLC ("KROG"), a Henderson, Texas based operator, and Avalon's advisor, William Anderson DBA Anderson Oil & Gas, Inc. ("Anderson"). Avalon, KROG and Anderson have jointly acquired a fifty percent (50%) working interest in an active Woodbine production property located in Upshur County, Texas which consists of thirteen (13) wellbores which includes six (6) producing oil wells, three (3) salt water disposal wells, three (3) shut-in or marginally producing wells, and one (1) well that has been plugged and abandoned since the effective date. The working interest was purchased from an Oklahoma City, Oklahoma, independent oil producer. Avalon acquired an undivided ten percent (10%) working interest in the properties and KROG will be the operator. The acquisition closed effective as of November 15, 2006. The wellbores acquired were originally drilled by various operators in the 1960's. These are mature wells with stable production, currently producing approximately 25 BOPD from the Woodbine Interval. B) Avalon has announced in a press release dated January 11, 2007 that it has commenced conducting optimization activities in conjunction with KROG and Anderson on the property located in Upshur County, Texas, including the completion of plugging two inactive wells and increasing the runtime and efficiency of certain of the salt water disposal systems located on the property. In addition, Avalon, KROG and Anderson have commenced evaluating the remaining wellbores and anticipate developing plans for one or more workovers to enhance production from currently inactive or marginally producing wells on the property. Section 9 - Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits. Exhibit No. Description ----------- ----------- 99.1 Press Release dated January 8, 2007. 99.2 Press Release dated January 11, 2007. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Avalon Oil & Gas, Inc. Date: January 15, 2007 By: /s/ Kent Rodriguez -------------------------------- Kent Rodriguez, President EX-99.1 2 avalon8k99-1.txt PRESS RELEASE Exhibit 99.1 Press Release Source: Avalon Oil & Gas, Inc. Avalon Oil & Gas Acquires Working Interest In Upshur County, Texas Monday January 8, 3:50 pm ET MINNEAPOLIS--(BUSINESS WIRE)--Avalon Oil & Gas, Inc., (OTCBB:AOGS - News) announced today, through its relationship with KROG Partners, LLC ("KROG") , a Henderson, Texas based operator, that Avalon, KROG, and Avalon's advisor, William Anderson DBA Anderson Oil & Gas, Inc. ("Anderson"), have jointly acquired a fifty percent (50%) working interest in an active Woodbine production property consisting of 13 wellbores, which include six (6) producing oil wells, three (3) salt water disposal wells, three (3) shut-in or marginally producing wells, and one (1) well that has been plugged and abandoned since the effective date, located in Upshur County, Texas. The working interest was purchased from an Oklahoma City, Oklahoma, independent oil producer. Avalon owns an undivided ten percent (10%) working interest in the properties, and KROG will be the operator. The acquisition has been closed and is effective as of November 15th, 2006. The wells being acquired were originally drilled in the 1960's by various operators. These are mature wells with stable production, currently producing approximately 25 BOPD from the Woodbine Interval. KROG, Anderson and Avalon will immediately begin working on optimization/workover opportunities with the goal of enhancing operations and production from the shut-in wellbores. Avalon and KROG are continuing their focus on enhancing operating synergies in the Southwest Arkansas, Northwest Louisiana and East Texas region through acquisition of other mature production in the area. The area immediately surrounding these new properties consists mainly of independent producers. Avalon's Chief Executive, Kent Rodriguez, commented, "The acquisition of these wellbores is part of our strategy of acquiring assets we believe to have low-risk and high production profiles. We are continuing our efforts to locate and acquire new lease opportunities consistent with our growth-at-a-reasonable-price philosophy". Glen Harrod, Vice President of KROG stated, "We feel there are opportunities to enhance production through optimization of the existing producing wells, and re-establishing production from the shut-in wells through repairs of the submersible pumps and enhancement and expansion of the existing salt water disposal system." 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 with multiple enhancement opportunities. 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. Contact: Avalon Oil & Gas, Inc., Minneapolis Kent Rodriguez, 952-746-9655 Fax: 952-746-5216 www.avalonoilinc.com - -------------------- - ------------------------------ Source: Avalon Oil & Gas, Inc. EX-99.2 3 avalon8k99-2.txt PRESS RELEASE Exhibit 99.2 Press Release Source: Avalon Oil & Gas, Inc. Avalon Oil & Gas Provides Operational Update for Upshur County, Texas Property Thursday January 11, 10:00 am ET MINNEAPOLIS--(BUSINESS WIRE)--Avalon Oil & Gas, Inc., (OTCBB:AOGS - News) has begun conducting optimization activities in conjunction with its partners in the New Diana property located in Upshur County, Texas. Avalon recently announced the acquisition of a 10% working interest in this property consisting of 13 wellbores, including producing oil wells, salt water disposal wells and shut-in or marginally producing wells. Subsequent to the acquisition, planned plugging activities have been successfully completed on two inactive wells. Avalon and its partners have commenced evaluation of the remaining wells in the field, and anticipate developing plans for one or more workovers to enhance production from currently inactive or marginally producing wells. Work has also been completed on the salt water disposal pumps and controls that have resulted in enhanced runtime and efficiency of the salt water disposal system. "We are very excited about one work-over location, and feel that a successful re-completion of this inactive well will significantly increase production from the current thirty barrels of oil (30 BOPD)", said Avalon CEO, Kent Rodriguez. 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 with multiple enhancement opportunities. 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 Contact: Avalon Oil & Gas, Inc. Kent Rodriguez, 952-746-9655 Fax: 952-746-5216 - ------------------------------ Source: Avalon Oil & Gas, Inc. -----END PRIVACY-ENHANCED MESSAGE-----