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): November 13, 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).



Section 7 - Regulation FD
Item 7.01 Regulation FD Disclosure.

Avalon Oil & Gas, Inc. (the "Company") in a press release dated November 13,
2007 provided additional details with respect to the oil properties which were
the subject of a Letter of Intent which was detailed in the Company's Current
Report on Form 8-K filed on November 2, 2007.

Pursuant to the terms of the Letter of Intent, the Company will acquire a 15%
interest in the 74,000 acre Mecaya Block in Colombia. The Mecaya 1 well was
drilled by the Colombian National Oil Company, Ecopetrol, in 1989. It tested
approximately 665 BOPD (barrels of oil per day) of 27 (degree) API oil, with no
water from a sand reservoir at approximately 7,200 feet. While the full extent
of the Mecaya discovery is not known at this time, based upon the existing
seismic data it is believed to range from 3 to 10 million barrels of recoverable
oil.

The Letter of Intent also provides for the Company to acquire a 20% interest in
the Talora Block, which is located in the Middle Magdalena basin of Colombia.
This 108,000 acre block is near several producing oil fields, including the 117
million barrel Guando field which is operated by Petrobras.

Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.

   Exhibit No.   Description
   -----------   -----------

          99.1       Press Release dated November 13, 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: November 21, 2007                         By: /s/ Kent Rodriguez
                                                --------------------------------
                                                Kent Rodriguez, President

EX-99.1

                                                                    Exhibit 99.1

Avalon Expands into Colombian Oil Operations
Tuesday November 13, 3:00 am ET

MINNEAPOLIS--(BUSINESS WIRE)--Avalon Oil and Gas, Inc. (Avalon) (OTCBB:AOGN -
News)(FWB:A3MA.F) announced the company has executed a Letter of Intent for the
acquisition of an interest in the Mecaya 1 oil discovery in Colombia. This
acquisition is the result of a two year search to evaluate suitable development
projects in Colombia, one of the most active exploration areas in Latin America.

Under the terms of the Letter of Intent, Avalon will acquire a 15% interest in
the 74,000 acre Mecaya Block in Colombia. This concession contains the Mecaya 1
oil discovery and two other wells which have tested oil. Avalon's acquisition
further benefits from its qualification for the highly favorable National
Hydrocarbon Agency (ANH) fiscal terms. The Mecaya 1 well was drilled by the
Colombian National Oil Company, Ecopetrol, in 1989. It tested approximately 665
BOPD (barrels of oil per day) of 27 (degree) API oil, with no water from a sand
reservoir at approximately 7,200 feet.


Mecaya Discovery


The Mecaya discovery is offset by the Caiman 3 well located 1.6 kilometers to
the west, which tested 38 BOPD of 25 (degree) API oil from a separate sand
reservoir. The consortium holding this block plans to reenter the Mecaya 1 well
and place it on long term production test within six months to establish a
stable production rate and assess the size of the oil accumulation. While the
full extent of the Mecaya discovery is not known at this time, based upon the
existing seismic data it is believed to range from 3 to 10 million barrels of
recoverable oil.

Kent A. Rodriguez, Avalon's President and CEO, commented, "This participation in
the Mecaya contract is an important addition to Avalon's portfolio of oil and
gas properties. We believe that obtaining access to high-quality producing
concessions in Latin America will greatly enhance shareholder value."

"At current oil prices, it is rare for a company to be able to acquire an
interest in a development project at near ground floor terms, especially in an
area which has among the best fiscal terms in Latin America, as is the case with
the Mecaya project," added Avalon Director, Stephen Newton.


Talora Block


The Letter of Intent also provides for Avalon to earn a 20% interest in the
Talora Block, which is located in the Middle Magdalena basin of Colombia. This
108,000 acre block is located 75 kilometers west of Bogota and is near several
producing oil fields, including the 117 million barrel Guando field which is
operated by Petrobras. It is also adjacent to the Mana field which contains 10
wells which typically flow 500 to 600 BOPD of 30 (degree) API oil from high
quality sands at approximately 5500 feet. Partners in the Talora Block include
PEI, a Colombian operator of several exploration and development blocks in the
country, and PetroSouth Energy (OTCBB:PSEG - News). According to PetroSouth, the
Talora Block contains 5 prospects with combined potential reserves of 209 MMBO.

"Avalon is extremely fortunate to be able to layer the rich potential reserves
in Talora on top of the existing production that will be realized in the short
term from the Mecaya Block," commented Menno Wiebe, Avalon's Colombian
exploration strategist. "We will continue to identify additional investment
opportunities in Colombia to complement our expanded portfolio."


Colombian Oil Industry


Colombia is currently the scene of one of the highest levels of exploration and
development activity in Latin America, with investment at a 20-year high. This
recent surge in activity is the result of the country's dramatically improved
fiscal terms which were introduced in 2004; along with greatly enhanced security
in most parts of the country. The new fiscal terms include: the elimination of





the state oil company back-in right; reduced, field size-adjusted royalties; and
low annual ground rents. Colombia has recently augmented these bold initiatives
by eliminating the remittance tax and reducing the corporate tax rate to 35%.
Avalon moved to invest in the expanding oil industry as the resilience of the
positive new operating environment conditions was demonstrated. The recent
success in Colombia of a number of small companies such as: Gran Tierra Energy
(OTCBB:GTRE - News), Pacific Stratus, Solana Resources Ltd. (TSX-V:SOR /
AIM:SORL), C & C, Lewis Energy Group, and PetroSouth Energy, as well as the
entry into the country of large players such as ExxonMobil and BHP Billiton
validates this assertion. Avalon's management looks forward to participating in
this exciting new exploration arena.


About Avalon Oil & Gas, Inc.


Avalon Oil & Gas, Inc. is an oil and gas investment company engaged in the
acquisition of oil and gas producing properties. In addition, Avalon's
technology group acquires and develops oil production enhancing technologies.
Avalon is building an asset portfolio of innovative technologies in the oil and
gas industry to maximize enhancement opportunities through Oiltek, Inc.,
Avalon's majority-owned subsidiary.


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.avalonoil.com.


Contact:
Avalon Oil & Gas, Inc., Minneapolis
Kent A. Rodriguez, CEO, 952-746-9655
F: 952-746-5216

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                                                  Source: Avalon Oil & Gas, Inc.