Oil & Gas Firm Avalon Oil & Gas, Inc. (AOGN.OB) Acquires Attractive Acreage
Avalon Oil & Gas, Inc., www.avalonoil.com – an acquisition and development-focused producer of oil and gas, which also seeks out and refines energy production-enhancing technologies (via majority-owned subsidiary Oiltek, Inc.), entered into a letter of agreement to acquire an undivided 100% working interest in a 320-acre Vernon County, Missouri leasehold. With 70+ wellbores, 20 of which are production-equipped, AOGN is in a very good position to tap the estimated 8M+ barrels of oil trapped in the southwest and east-central portions of the lease due to its command of emergent recovery maximization technologies. The Company’s strategy, of leveraging a growing portfolio…