AVALON OIL & GAS, INC. Avalon Oil & Gas, Inc., is an independent oil and gas and gas company engaged in the acquisition of prematurely abandoned oil and gas properties.
The acquisition of oil and gas properties with shut-in wells and leaseholds that were prematurely abandoned, and directly offset by producing wells, provide Avalon an opportunity to use advanced technologies to re-establish production, and generate stable cash flows with a high rate of return on invested capital.
JacksonMS
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I do like the chart on this one at support levels. Oil and Gas plays are great right now....I'll keep AOGS on my radar.
billjohnson
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That is the best thing to do last time AOGS ran she would not be contained, been waiting for another good entry point and I saw some nice support on the charts.
billjohnson
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The real test will be when AOGS hits that .08 support that could be the spot where she light the burners again.
billjohnson
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Jul 18, 2006 (M2 EQUITYBITES via COMTEX) -- UTEK Corporation (AMEX:UTK; LSE-AIM:UTK), a speciality finance company focused on technology transfer, reported on 17 July that Avalon Oil and Gas Inc (OTCBB:AOGS) has acquired Ultrasonic Mitigation Technologies Inc (UMTI), a wholly owned subsidiary of UTEK, in a stock transaction. UMTI holds the exclusive worldwide licence for the mitigation of paraffin wax deposition from crude oil using ultrasonic waves. The technology helps prevent precipitates from forming on the pipes, and also breaks wax bonds thereby increasing flow rates and production efficiency, according to UTEK.
Nice news release looks like they are really trying to develop in other areas releated to their on-going operations.
billjohnson
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Finding some support in here ARCA just stepped up the bid.
JacksonMS
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AOGS buyers loading up below .085 Smart traders IMO, getting in right at strong support!
StockSlayer06
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im predicting a run starting here in the next couple of days.....we'll be over the dollar market all in good time my friends. Nothing is sure except death, taxes, and black gold.
emptycontents
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Hey guys I am liking what I have observed with AOGS. The charts are forming some beautiful support down here. I hear that some people are waiting on the news from Chance #2
The company has been making some great strides in accumulating property down here, with oil getting hotter by the day AOGS should be a great summer play.
emptycontents
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more buying on support people are eager for this stock at the bid down here.
StockSlayer06
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cause they know it has found some sturdy support and they are waiting for those greens as soon as thing starts climbing again soon.
emptycontents
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More signs of life.
Volume is really picking up as we head to .08, this stock has bounced of this area fast and furious in the past.
emptycontents
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like that a 17200 buy at the ask and boom they moved it too .085, this one could explode anytime now.
emptycontents
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Wow more buyers all the way up too .087 not alot to move the .086 ask
emptycontents
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Rallied this morning then fell apart the real bulk of the volume came on the support, I think we really need to hear something fast help me AOGS give us some news.
emptycontents
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Another nice run in the morning, the charts are going to roll around and I expect we will see something big from this company in the up and coming weeks.
StockSlayer06
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we need some of that strong support that aogs has been showing right now at .08, then look to head up
emptycontents
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Good start to the morning seems like the time AOGS wants to move any ideas on PR around the corner I am still hoping for something on chance#2
emptycontents
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almost touched .09 this morning,
DQ.
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pre market trading.
emptycontents
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makes solid moves in the morning, crept back up to .09 I'll bet with some news this stock rolls back up to the highs.
emptycontents
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Avalon Oil & Gas Acquires Working Interest In Miller County, Arkansas Aug 17, 2006 5:00:00 AM Copyright Business Wire 2006 MINNEAPOLIS--(BUSINESS WIRE)--Aug. 17, 2006--
Avalon Oil & Gas, Inc., (OTCBB:AOGS) announced today, through its relationship with KROG Partners, LLC, a Henderson, Texas based operator, that Avalon and KROG have jointly acquired three producing oil wells located in Miller County, Arkansas from an Oil City, Louisiana, independent oil producer. The acquisition has been closed and is effective August 11th, 2006. Avalon and KROG will each own 50% working interest in the properties, and KROG will be the operator.
The wells being acquired are the Dixon Heirs #1, Deltic Farms & Timber #1, and the Gunn #1, and were originally drilled in the early 1980's. These are mature wells with stable production, currently producing approximately 5 BOPD from the Tokio zone. KROG and Avalon will immediately begin working on optimization opportunities with the goal of enhancing production from the properties.
Avalon and KROG are continuing their focus on enhancing operating synergies in the Southwest Arkansas and East Texas region through acquisition of other mature production in the area. The area immediately surrounding these new properties consists mainly of independent producers.
Avalon's Chief Executive, Kent Rodriguez, commented, "The acquisition of these three wells is part of our strategy of acquiring assets we believe to have low-risk and high production profiles. We are continuing our efforts to locate and acquire new lease opportunities consistent with our growth-at-a-reasonable-price philosophy."
Mark Oliver, a partner of Krog Partners, LLC stated, "We believe that with enhancements, production profiles and capabilities on these properties can be ratcheted up dramatically. We are excited about the opportunities this acquisition creates."
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 with multiple enhancement opportunities.
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.
Source: Avalon Oil & Gas, Inc.
---------------------------------------------- Avalon Oil & Gas Inc. Minneapolis Kent Rodriguez 612-359-9020 Fax: 612-359-9017 www.avalonoilinc.com
emptycontents
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They have been keeping up with their statements, AOGS has done one hell of a job snatching up properties, now if they can just hit the motherload!
"Avalon's Chief Executive, Kent Rodriguez, commented, "The acquisition of these three wells is part of our strategy of acquiring assets we believe to have low-risk and high production profiles. We are continuing our efforts to locate and acquire new lease opportunities consistent with our growth-at-a-reasonable-price philosophy."
emptycontents
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Got slammed with some shares now it is only a couple traded away from hitting .09 again.
emptycontents
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AOGS another good week ahead I hope we can test the .10 high sooner or later.
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