Exhibit 99.8

Avalon CEO Proposes Spin-off of Energy Technology Company
Thursday August 16, 4:01 pm ET

MINNEAPOLIS--(BUSINESS WIRE)--Avalon Oil & Gas, Inc. (Avalon) (OTCBB:AOGN -
News) President and CEO, Kent Rodriguez, today presented a proposal to the Board
of Directors to create a wholly owned subsidiary with focus in oil and gas
recovery technology. The proposal also outlined plans to spin off the technology
subsidiary fully reporting OTCBB corporate entity, and issue a share dividend to
common stockholders of Avalon.

"The creation of a focused technology commercialization company will forward our
strategy to add shareholder value through enhanced oil and gas recovery
opportunities" said Kent Rodriguez, Avalon's President and CEO. "We recognized
early on that global market conditions present an attractive investment
opportunity for proven technologies which expand oil production efficiency in
established fields" added Rodriguez.

Avalon owns an asset portfolio of innovative energy production enhancing
systems. The proposal would position the new company to market Avalon's
portfolio of intellectual properties which optimize oil and gas production
operations, and access capital via public markets. This technology portfolio
includes: developments to mitigate paraffin wax deposits in well bores and oil
production tubing; a system to detect hazardous gas leaks including small leaks
in natural gas pipelines; and a system for intelligent drilling and completion
sensors to provide real-time oil reservoir monitoring of subsurface information.

Digital oilfield technologies are projected to boost world oil reserves by 125
billion barrels over the next 5 to 10 years. Avalon acquired the rights to it's
Intelli-Well Technology from the Lawrence Livermore National Laboratory in
November 2006 to capitalize on the digital oilfield boom. Avalon's patented
technology for intelligent drilling and completions leverages data fusion to
provide real-time information regarding the status of oil reservoirs; primary
and secondary oil recovery processes and monitors critical parameters in the
subsurface reservoir. Types of sensors employed by the system include seismic,
electrical resistance tomography, electromagnetic induction tomography and
thermocouples.

The patent for Avalon's paraffin wax mitigation technology, Ultrasonic
Mitigation Solutions(TM), was recently granted by the U.S. Patent and Trademark
Office. Avalon acquired this technology in July 2006 from the University of
Wyoming, a noted center for expertise in paraffin wax technology for oilfield
applications. The system utilizes ultrasonic waves to break up deposits of
paraffin wax in well-bores and oil production tubing. The system also prevents
future formations of the wax molecules from clogging oil production operations
in an environmentally safe and cost-effective process.

Transport pipelines carrying hazardous gases are prone to costly and dangerous
gas leak situations. Current methods of monitoring underground gas pipelines are
costly and limited to the detection of very large leaks. Avalon's Leak Detection
Technology provides reliable, cost-effective continuous monitoring of pipelines
to detect small gas leaks before they reach a critical stage. Avalon's Leak
Detection Technology was developed by scientists at Rensselaer Polytechnic
Institute. Rights to market the field proven, commercialized system were
acquired by Avalon in March, 2007.

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 from early
stage licensing partners. 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
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Source: Avalon Oil & Gas, Inc.