Avondale Resources Corporation Approved for Trading.TULSA Tulsa (tŭl`sə), city (1990 pop. 367,302), seat of Tulsa co., NE Okla., on the Arkansas River east of its junction with the Cimarron; inc. 1898. , Okla. -- Avondale Resources Corporation, (Pink Sheets:ANDL ANDL Army Nuclear Defense Laboratory ANDL Asociación Nacional de Locutores (Spanish) ), an oil and gas exploration company headquartered in Tulsa, OK, announced today that the Company's stock was approved for trading on the Pink Sheets. The Company plans to acquire and develop oil and gas assets through a program of field evaluation, re-completions and close-in drilling. Recent acquisitions in June 2005 include an approximate 80-acre lease known as the Edds South Lease located in Montgomery County Montgomery County may refer to:
American surgeon known for his innovations in the field of neurosurgery and for his studies of the pituitary gland. Redfork Sand Unit located in Creek County Oklahoma. The Edds South Lease consists of approximately 15 temporarily abandoned wells with equipment on them. The Company believes that methods of initial production and fluid management conveyed by past operators have left behind significant "stranded strand 1 n. The land bordering a body of water; a beach. v. strand·ed, strand·ing, strands v.tr. 1. To drive or run ashore or aground. 2. " reserves on the Edds South Lease. Plans are to re-establish production of up to 15 possible wells through a program of equipment upgrades and re-completions. The East Cushing Redfork Sand Unit has approximately 2 producing wells and approximately 10 temporarily abandoned wells. Plans for the East Cushing Redfork Sand Unit are to re-establish production of up to 10 possible wells and enhance production on existing producers. As production values Production values is a media term for "production cost." It refers to the professional look, or "polish," of a production. Factors that affect perceived production value may include video and audio quality, lighting, number of errors, and amount and quality of special effects. increase the Company believes this lease may offer opportunity for additional wells to be drilled. About Avondale Resources Corporation: Avondale Resources Corporation is an oil and gas exploration company actively seeking to acquire and develop additional oil and gas properties in Kansas and Oklahoma. Company plans are to develop oil and gas assets through enhancement of mature fields, marginal wells and close-in drilling. For more information, please visit the Company's website at: www.avondaleresourcescorp.com Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are 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. that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise. |
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