Avalon Oil & Gas Acquires Kensington Energy Assets
GlobeNewswire - Thu Nov 13, 7:02AM CST
Avalon Oil and Gas, Inc. (Avalon) (OTCBB:AOGN) today announced the acquisition of non-operated working interests in 22 oil and gas wells located in Caddo, Custer, Grady, Major, McClain, Pittsburg, Roger Mills, and Woodward Counties in Oklahoma; Crockett, Hansford, and Irion Counties in Texas; and Pope and Sebastian Counties in Arkansas. The properties were acquired with a combination of cash, debt and common stock. The properties have estimated reserves of 6,500 barrels of oil and 40,000 MCF of gas.