Avalon Successfully Completes Workover on the Hughs # 1.MINNEAPOLIS -- Avalon Oil & Gas, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AOGN) (FWB (Fixed Wireless Broadband) See fixed wireless. :A3MA.F) announced the workover on the Hughs #1, Noble County, Oklahoma Noble County is a county located in the U.S. state of Oklahoma. As of 2000, the population is 11,411. Its county seat is Perry6. Geography According to the U.S. Census Bureau, the county has a total area of 1,923 km² (742 mi²). , has been successfully completed. The workover to repair the damaged tubing and downhole pump, remove the paraffin wax build-up build·up also build-up n. 1. The act or process of amassing or increasing: a military buildup; a buildup of tension during the strike. 2. , and clean-up the perforations in the Bartlesville Zone was completed as planned. The well had flush production of two hundred (200) barrels of oil and is now producing six (6) barrels of oil per day and 10 MCF of gas. Avalon owns a 16.67% working interest in the well. Avalon and its working interest partners are evaluating other opportunities in the area around this property in Central Oklahoma
Central Oklahoma is the geographical name for the central region of the state. It is also known by the Oklahoma Department of Tourism designation, Frontier Country. . 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. In addition, Avalon's technology group acquires and develops oil and gas production enhancing technologies from early stage licensing partners. Avalon is building an asset portfolio of innovative technologies in the oil and gas industry to maximize enhancement opportunities at its various oil and gas properties. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 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. 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.avalonoilinc.com. |
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