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Avalon Oil & Gas, Inc. (AOGN.OB)

Avalon Oil & Gas, Inc. (AOGN) is an independent domestic oil and natural gas producer focused on leveraging efficient reservoir maintenance and innovative technologies to generate stable cash flows and production. By acquiring a portfolio of oil and gas leases to generate asset growth, the company aims to deliver a sustainable rate of return for their shareholders. Avalon currently owns working interests in Texas, Arkansas, Louisiana, and Oklahoma.

Instead of engaging in exploration and drilling exploration wells, the company invests in underdeveloped properties with existing stable cash flows. This relatively low risk business strategy enables Avalon to realize almost immediate cash flows and allows management to concentrate on expanding production of the acquired oil and gas properties.

The company is also in the process of acquiring a portfolio of new technologies developed for the oil and gas industry. Avalon first evaluates the commercialization potential with regard to technology and market viability, and then if merited, proceeds to rapid prototype development and field testing. The technologies currently under review were developed at leading universities and research labs, including the University of Wyoming and the Lawrence Livermore National Laboratory.  

Even during challenging times, the world depends on oil & gas exploration and production companies to deliver millions of barrels of oil every day. Increased demand from emerging countries such as China further escalates competition for this precious resource. With a solid management team and impressive portfolio of leasehold interests and joint ventures, Avalon is well positioned to generate substantial revenues in the short and long term future.

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Website: http://www.avalonoilinc.com/