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Avondale Resources Corporation to Purchase Leases in Creek and Payne Counties, Oklahoma.


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 Avondale may refer to:

In United States geography:
  • Avondale, Birmingham, Alabama
  • Avondale, Arizona
  • Avondale, Colorado
  • Avondale, Chicago, Illinois
  • Avondale, Louisiana
  • Avondale, Maryland
  • Avondale, Missouri
  • Avondale, Pennsylvania
 Resources Corporation (Pink Sheets:ANDL ANDL Army Nuclear Defense Laboratory
ANDL Asociación Nacional de Locutores (Spanish) 
) announced today it will acquire the Keener Lease in Creek County, Okla. and the Carl Grant Lease in Payne
:The name may also be spelt Paine.


The surname Payne stems from paganus, see pagan. People
  • King Payne, a Seminole chief
  • A.R.
 County, Okla. Each lease consists of 160 acres and together will provide immediate revenue to the Company. The 2 leases complete an acquisition package the Company has been working on since November. In total, the package consists of approximately 3,800 lease acres, over 250 wells of which only 12% are currently operating and production at 30 BOPD BOPD Barrels of Oil Per Day
BOPD Bataan Ocean Petroleum Depot
. Avondale plans to re-activate over 200 wells and establish a de-watering enhancement program on some of the leases. The leases are being purchased from Crown Exploration LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, CDS Oil Company and Dallas Oil for $4,000,000. The transaction should close by December 30, 2005. Re-establishment of wells commences following the Company's raising sufficient capital for such re-establishment.

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.

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 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 OBLIGATIONS TO PUBLICLY UPDATE OR REVISE ANY STATEMENTS IN THIS RELEASE, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 22, 2005
Words:350
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