Avalon Oil & Gas, Inc. (AOGN) Updates Oil and Gas Activity in Oklahoma
Avalon Oil & Gas, Inc. issued an oil and gas operations update on its properties in the United States, where the company is active in Oklahoma and several other onshore areas. Avalon Oil & Gas, Inc. is developing leasehold in the East Chandler Field, located in Lincoln County, Oklahoma. The company reported that the Grace #2 and the Grace #5A wells have been placed back onto production. The Grace #2 well has been producing since August 2010 and the Grace #5A well since January 2011. Avalon Oil & Gas, Inc. has a working interest of 76.8% and a net revenue…