Avalon Oil & Gas, Inc. Received Drilling Permit for Mallen #10-1.MINNEAPOLIS, Minn. -- Avalon Oil & Gas, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AOGS AOGS Angle Opposite Greater Side (math theorem) ) announced today that the Oklahoma Corporation Commission The Oklahoma Corporation Commission is a state agency, run by three commissioners, with 600 employees. It regulates oil and gas drilling, utilities and telephone companies. The current Commissioners are Bob Anthony, Jeff Cloud, and Jim Roth. has issued a drilling permit to Crown Exploration, Avalon's Joint Venture Operator to re-enter the Mallen #10-1, located in the SW 1/4, Section 10, Township 14 North, Range 7 West, Canadian County, Oklahoma Canadian County is a county located in the U.S. state of Oklahoma. As of 2000, the population was 87,697. The population has since grown to 101,335 in 2005. Its county seat is El Reno6. Canadian County is also part of the Oklahoma City Metropolitan Statistical Area. , and test the Lower Skinner Sand, Mississippian Lime, Hunton Lime, and Viola Lime. Avalon acquired a one hundred percent (100%) working interest, seventy-eight percent (78%) net revenue interest, in this leasehold on August 29, 2005. The leasehold is in the Sooner Trend Field in Northwestern, Oklahoma. Avalon CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Kent Rodriguez, stated, "This is an exciting time for our company. We have started to produce oil on our Kansas leasehold and we are moving on the first location on our Canadian County Property." Project geologist Charles Crawford commented, "The Mallen #10-1 is a direct offset location to two prolific wells. This is the first of several locations we plan to re-enter in the Sooner Trend Field, using new cost efficient directional drilling technology provided by Weatherford Directional Services, Inc." The Mallen #10-1 was originally drilled in 1981. It was plugged and abandoned in 1989, after producing 8,107 barrels of oil and 32,000 MCF of gas. The Mallen #10-1 is a direct offset of the Schroder #-1, Section 10, Township 14 North, Range 7 West, Canadian County, Oklahoma, and the Zum Mallen H #-1, Section 15, Township 14 North, Range 7 West, Canadian County, Oklahoma. The Schroder #1 has produced 69,473 barrels of oil, 300,106 barrels of condensate and 78,885 MCF of gas from the Lower Skinner Sand, Mississippian Lime, and Hunton Lime, and is operated by DLB Energy Corporation. The Zum Mallen H#-1 has produced 25,097 barrels of oil, and 472,000 MCF of gas from the Lower Skinner Sand, Mississippian Lime, and Hunton Lime, and is operated by ConocoPhillips Petroleum Company (NYSE NYSE See: New York Stock Exchange :COP). About Avalon Oil & Gas, Inc. Avalon Oil & Gas, Inc., owns an eighty percent (80%) Net Revenue Interest and one hundred percent (100%) working interest in certain oil and gas leasehold interests located in Montgomery County, Kansas Montgomery County (standard abbreviation: MG) is a county located in southeast Kansas, in the central United States. The population was estimated to be 34,570 in the year 2005. , and a seventy-eight percent (78%) net revenue interest, one hundred percent (100%) working interest, in 2,400 acres located in Canadian County, Oklahoma, The leasehold is in the Sooner Trend Field in Northwestern, Oklahoma. Avalon is actively seeking to acquire and develop additional oil and gas properties in Kansas and Oklahoma. Forward-looking statements in the release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward- looking statements are subject to certain risks, and uncertainties and actual results could differ from those discussed. This is material information only and is not an offer or solicitation to buy or sell the securities. |
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