Recent PR
Avalon Oil & Gas Partners with Alpha Exclusive
Date : 02/27/2012 @ 9:00AM
Avalon Oil & Gas, Inc. (Avalon) (OTCBB: AOGN) announced it has retained the services of Alpha Exclusive, LLC (Alpha Exclusive) to support the company's shareholder communications and increase market awareness and build a social media presence.
"We are pleased to add Alpha Exclusive as part of our communications team," said Avalon Oil & Gas, Inc. CEO, Kent Rodriguez. He added, "This partnership enables Avalon to focus on building our core business while a dedicated professional team supports our shareholder communications and develops our social media channel for greater accessibility for our shareholders."
2-PENDING ACQUISITIONS to be announced per previous News
http://ih.advfn.com/p.php?pid=nmona&article=50162984
3-company has CASH on hands,AOGN price is very Undervalued >>
Avalon Oil & Gas, Inc. Reports Improved Financial Results
Avalon Oil & Gas, Inc., ("Avalon") (OTCQB: AOGN, OTCBB: AOGN) an independent oil and gas production company, released its 10QSB on November 15, 2011. Total assets increased to $2.65 million, shareholder equity increased to $1.04 million, and the cash balance as of September 30, 2011 exceeded $133,000. The net loss for the quarter decreased 66% to $89,000. Revenues increased to $119,535 for the six-month period ending September 30, 2011. Avalon will discuss the results in an interview on Wednesday, November 30, 2011 with StockhouseGroup.com. Shareholders are invited to submit questions to info@stockhousegroup.com.
"We currently have the cash on hand to complete a workover on three wells in Lincoln County, Oklahoma, and to complete the due diligence on a portfolio of producing oil and gas wells in Western Oklahoma," said Avalon's CEO Kent A. Rodriguez. He added, "When the workovers on these wells have been completed, daily production should approach or exceed initial production levels, increasing Avalon's monthly cashflow, and will add to our portfolio of producing wells in Miller County, Arkansas; Camp and Karnes County, Texas; and Plaquemines Parish, Louisiana.
"Avalon's management acknowledges that world economic events influence the price of oil and gas and thereby affects company cash flows and, ultimately, our share price. We will continue to focus on projects and acquisitions that bring future value and increased revenues. This Quarterly Report indicates we are working to improve the Company's balance sheet, increase asset values and cashflows, while reducing our operating expenses, as we continue to execute on our plan to be profitable and debt-free," said Rodriguez.
4-RECORD VOLUME DAY yesterday and AOGN is setting up for the 200 MA BREAK (0.0026) that will send the price to much higher levels
last run AOGN went as high as 0.015
with 655 million O/S and shareholders assets in the 3 million $ range &company generating cash with pending acquisitions and new IR firm on board AOGN looks very undervalued with a market cap less than 2 million $$$ for an OIL PLAY with OIL prices at record prices !!!
a lot of upside potential with AOGN
watch for the run to start after 0.0026 mark $$$$$
considering just the value of the assets on hands ,AOGN should trade over 0.006 right now
could easily see PENNIES on this run
