Exhibit 99.11

Avalon Board of Directors Approves Exclusive License Agreement
Thursday August 30, 9:53 am ET

MINNEAPOLIS--(BUSINESS WIRE)--Avalon Oil & Gas, Inc. (Avalon) (OTCBB:AOGN -
News) announced today that on August 17, 2007 it entered into an Exclusive
License Agreement with Oiltek, Inc. (Oiltek), a majority owned subsidiary, and
also announced that it plans to spin-off the shares it owns in Oiltek to
Avalon's shareholders on a date to be determined by Avalon's Board of Directors.

The terms and conditions of the Exclusive License Agreement provide for Avalon
to receive approximately eighty percent (80%) or ten million (10,000,000) shares
of the Common Stock in Oiltek, in exchange for $50,000 and the rights to market
Avalon's portfolio of intellectual properties.

"Licensing Avalon's technologies to a focused technology commercialization
company forwards our strategy to add shareholder value through enhanced oil and
gas recovery opportunities" said Kent Rodriguez, Avalon's President and CEO. "We
are pleased to be able to offer Avalon shareholders of record a stock dividend,
with the record date yet to be determined by the Board of Directors," added
Rodriguez.

Oiltek is a majority owned subsidiary of Avalon which was incorporated in
Delaware in November 2006 and focuses on oil and gas recovery technology. Oiltek
anticipates the filing of a Form S-1 with the Securities and Exchange Commission
prior to September 15, 2007, and intends to file for its shares to be quoted on
the OTC Bulletin Board after the Form S-1 has been approved.

The technologies licensed to Oiltek involve innovative energy production
enhancements. These include the recently patented technology developments to
mitigate paraffin wax deposits in well bores and oil production tubing using
ultrasonic waves. Also licensed to Oiltek is a system to detect hazardous gas
leaks in natural gas pipelines which provides reliable, cost-effective
monitoring of pipelines to detect small gas leaks before they reach a critical
stage. The third technology licensed to Oiltek is a system for intelligent
drilling and completion sensors to provide real-time oil reservoir monitoring of
subsurface information.

Oiltek's business model streamlines technology commercialization and market
development through a close network of aligned industry business partners. The
company intends to acquire and develop oil and gas production enhancing
technologies from early stage licensing partners.

Oiltek's competitive position is further strengthened by access to Avalon's oil
and gas production resources. Oiltek plans to use Avalon's leasehold properties
to demonstrate and test Oiltek's proprietary technology capabilities to enhance
current well stimulation and completion technologies and to expand production
for independent exploration and production operators such as Avalon. As Oiltek's
technology is demonstrated and refined in testing, Oiltek intends to leverage
Avalon's network of industry partnerships with oil equipment service providers
and system integrators to execute marketing and distribution agreements.

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. Avalon's technology group acquires and
develops oil and gas production enhancing technologies. Through Oiltek, Avalon's
majority owned subsidiary, 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. Those statements are
subject to the risk factors and other information set forth in the Company's
filings with the Securities and Exchange Commission. 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
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Source: Avalon Oil & Gas, Inc.