-----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, KNHE1raCq7cW0X3Jb3Ljl3UYVZdA1S4FBEUtI9x8b9p86hI1B75moWU4Pu09rXCf kJzpC24afwhk/zXxQ1OFoQ== 0001050502-07-000253.txt : 20070628 0001050502-07-000253.hdr.sgml : 20070628 20070628152236 ACCESSION NUMBER: 0001050502-07-000253 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20070531 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070628 DATE AS OF CHANGE: 20070628 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: 07946686 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 avalon8k5-31.txt 8-K UNITED STATES 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): May 31, 2007 Avalon Oil & Gas, Inc. ---------------------- (Exact Name of registrant as specified in charter) Nevada 1-12850 84-1168832 ------ ------- ---------- (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 7808 Creekridge Circle, Suite 105 Minneapolis, MN 55439 ------------------------------------------------------- (Address of principal executive offices) (952) 746-9652 -------------- (Registrant's telephone number, including area code) (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-14(c). Item 7.01 Regulation FD Disclosure. Avalon Oil & Gas, Inc. ("Avalon") has announced in press releases issued on May 31, 2007, and June 19, 2007, the purchase of and sidetrack drilling at oil wells in the Janssen Prospect, Karnes County, Texas (the "Janssen Well"). In addition, in press releases dated June 5, 2007 and June 21, 2007, Avalon announced the commencement and completion of the workover on the Gunn #1 well, Miller County, Arkansas (the "Gunn Well"). A) The Press Release dated May 31, 2007 announced that Avalon has purchased a fifteen (15%) percent stake in the Janssen Well. The Janssen Well will be recompleted in the existing vertical wellborne by a sidetrack drilling procedure. B) The Press Release dated June 5, 2007, announced the finalization of an AFE (Authorization for Expenditure) for a workover of the Gunn Well. Avalon first acquired its 50% stake in the Gunn Well on August 11, 2006. The workover will include the perforation of the Tokio producing zone, installation of a pumpoff controller, and repair of the pumping unit. C) The Press Release dated June 19, 2007 announced that the operations have begun to recomplete the Janssen Well, using the existing vertical wellborne by a sidetrack drilling procedure. D) The Press Release date June 21, 2007 announced that KROG Partners LLC, Avalon's partner in several properties, has completed the workover on the Gunn Well. The workover consisted of re-perforating the Tokio zone and repairing the pumping unit. The commencement of the workover was first reported in the press release dated June 5, 2007. Section 9 - Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits. Exhibit No. Description ----------- ----------- 99.1 Press Release dated May 31, 2007 99.2 Press Release dated June 5, 2007 99.3 Press Release dated June 19, 2007 99.4 Press Release dated June 21, 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: June 27, 2007 By: /s/ Kent Rodriguez -------------------------------- Kent Rodriguez, President EX-99.1 2 avalon8k5-31991.txt PRESS RELEASE Exhibit 99.1 Avalon Announces Purchase of Karnes County Prospect With Potential Reserves of 3-4 BCF Gas and 75,000 to 100,000 Barrels of Condensate Thursday May 31, 9:15 am ET MINNEAPOLIS--(BUSINESS WIRE)--Avalon Oil & Gas, Inc., (OTCBB:AOGN - News) announced today that it has purchased a stake in the Janssen Prospect, Karnes County, Texas. Plans are underway to revitalize the property in conjunction with Tradestar Resources (TSRR.PK), Hot Springs, AR, Bedford Energy (BFDE.PK) Oklahoma City, OK, and Penasco Petroleum, Austin TX. The Janssen Prospect will be re-completed in the existing vertical wellbore by a sidetrack drilling procedure at a depth of approximately 10,500 feet, and test the Wilcox sand. Total potential reserves are estimated to be 75,000 to 100,000 barrels of condensate and 3 to 4 BCF (billion cubic feet) of gas. "The Janssen Prospect represents a significant revenue opportunity for Avalon," said Kent Rodriguez, President & CEO of Avalon. "With substantial potential for proven reserves of oil and gas, the Janssen Prospect is a great addition to our portfolio of properties." Avalon currently has a 15% working interest in the property. 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 and gas 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. About Tradestar Resources Corporation Tradestar Resources Corporation is an independent energy company that is engaged in the exploration, development, exploitation and acquisition of on-shore and natural gas properties in conventional producing areas in the United States. Tradestar strives to enhance asset value by expanding oil and natural gas reserves, raising production levels and increasing cash flow. Tradestar intends to foster its growth as an independent oil and gas company by investing in only proven producing wells. The company's web site is http://tradestar-corp.com. 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. - --------------------- Contact: Avalon Oil & Gas, Inc., Minneapolis Kent Rodriguez, 952-746-9655 Fax: 952-746-5216 - ------------------------- Source: Avalon Oil & Gas, Inc. EX-99.2 3 avalon8k5-31992.txt PRESS RELEASE Exhibit 99.2 Avalon Begins Workover to Enhance Production on the Gunn # 1 Tuesday June 5, 9:15 am ET MINNEAPOLIS--(BUSINESS WIRE)--Avalon Oil & Gas, Inc., (OTCBB:AOGN - News) announced that it has finalized an AFE (Authorization for Expenditure) for the workover of the Gunn #1 well, Miller County, Arkansas. The workover will include the perforation of the Tokio producing zone, installation of a pumpoff controller, and repair of the pumping unit. "This would be the first re-perforation since the well's original completion in the 1989," said Kent Rodriguez, Avalon's President and CEO. "The effort should enhance production by re-perforating the existing producing zone." This increased production should result in a corresponding increase in revenue for the company. KROG Partners, LLC, Avalon's strategic partner in this property and operator of the Gunn #1 well, anticipates that work on this project should begin immediately. Avalon and KROG each own a 50% working interest in three wells in the Kiblah field, which produce oil from the Tokio zone at an approximate depth of 3,000 feet. Avalon and KROG are currently evaluating the workover potential on the other two wells in the field, as well as identifying other potentially profitable opportunities in the region. 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. - --------------------- Contact: Avalon Oil & Gas, Inc., Minneapolis Kent Rodriguez, 952-746-9655 Fax 952-746-5216 - -------------------------- Source: Avalon Oil & Gas, Inc. EX-99.3 4 avalon8k5-31993.txt PRESS RELEASE Exhibit 99.3 Avalon Announces Sidetrack Drilling At Janssen # - 1 Gas Well Tuesday June 19, 6:00 am ET MINNEAPOLIS--(BUSINESS WIRE)--Avalon Oil & Gas, Inc., (OTCBB:AOGN - News) announced today that operations have begun to recomplete the Janssen # - 1 Gas Well, Karnes County, Texas. The Janssen prospect will be recompleted in the existing vertical wellbore by a sidetrack drilling procedure at a depth of approximately 10,450 feet to test the Roeder sand. Total reserves are estimated to be 75,000 to 100,000 barrels of condensate and 3 to 4 BCF of Gas (billion cubic feet of gas). The well is located in an area that is very active in gas and oil production. There are several nearby wells that produce natural gas in excess of over 1 million cubic feet per day. Avalon owns an undivided 15% Working Interest in this prospect. Other working interest partners include Tradestar Resources (TSRR.PK), Hot Springs, AR, Bedford Energy (BFDE.PK) Oklahoma City, OK, and Penasco Petroleum, Austin TX). Proex Energy Management (TSX:PXE - News; PXEYF.PK) will be the operator of the well. 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. - --------------------- Contact: Avalon Oil & Gas, Inc., Minneapolis Kent Rodriguez, 952-746-9655 Fax 952-746-5216 - -------------------------- Source: Avalon Oil & Gas, Inc. EX-99.4 5 avalon8k5-31994.txt PRESS RELEASE Exhibit 99.4 Avalon Oil & Gas, Inc., Successful Workover on the Gunn # - 1 Thursday June 21, 6:00 am ET MINNEAPOLIS--(BUSINESS WIRE)--Avalon Oil & Gas, Inc., (OTCBB:AOGN - News) announces that KROG Partners LLC, has completed the work-over of the Gunn # - 1 Miller County Arkansas. The Tokio zone was re-perforated and the pumping unit was repaired. Production has stabilized at 7 BOPD. Avalon and KROG each own a 50% working interest in the Gunn # - 1 and two other wells in the Kiblah field. The partners are also in the process of evaluating workover potential on the other two wells in the field, as well as identifying other opportunities in the area around this property in Southwestern Arkansas. 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. Contact: Avalon Oil & Gas, Inc., Minneapolis Kent Rodriguez, 952-746-9655 Fax 952-746-5216 - --------------------------- Source: Avalon Oil & Gas, Inc. -----END PRIVACY-ENHANCED MESSAGE-----