SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 Date
of Report (Date of earliest event
reported): January 8, 2007
Avalon Oil & Gas, Inc.
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(Exact name of registrant as specified in its charter)
Nevada 1-12850 84-1168832
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
7808 Creekridge Circle, Suite 105
Minneapolis, MN 55439
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (952) 746-9652
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Section 7 --Regulation FD
Item 7.01 Regulation FD Disclosure.
A) Avalon Oil & Gas, Inc. ("Avalon") has announced in a press release dated
January 8, 2007 that it has acquired an interest in an additional oil and gas
producing property through its relationship with KROG Partners, LLC ("KROG"), a
Henderson, Texas based operator, and Avalon's advisor, William Anderson DBA
Anderson Oil & Gas, Inc. ("Anderson").
Avalon, KROG and Anderson have jointly acquired a fifty percent (50%) working
interest in an active Woodbine production property located in Upshur County,
Texas which consists of thirteen (13) wellbores which includes six (6) producing
oil wells, three (3) salt water disposal wells, three (3) shut-in or marginally
producing wells, and one (1) well that has been plugged and abandoned since the
effective date. The working interest was purchased from an Oklahoma City,
Oklahoma, independent oil producer. Avalon acquired an undivided ten percent
(10%) working interest in the properties and KROG will be the operator. The
acquisition closed effective as of November 15, 2006.
The wellbores acquired were originally drilled by various operators in the
1960's. These are mature wells with stable production, currently producing
approximately 25 BOPD from the Woodbine Interval.
B) Avalon has announced in a press release dated January 11, 2007 that it has
commenced conducting optimization activities in conjunction with KROG and
Anderson on the property located in Upshur County, Texas, including the
completion of plugging two inactive wells and increasing the runtime and
efficiency of certain of the salt water disposal systems located on the
property. In addition, Avalon, KROG and Anderson have commenced evaluating the
remaining wellbores and anticipate developing plans for one or more workovers to
enhance production from currently inactive or marginally producing wells on the
property.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
Exhibit No. Description
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99.1 Press Release dated January 8, 2007.
99.2 Press Release dated January 11, 2007.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Avalon Oil & Gas, Inc.
Date: January 15, 2007 By: /s/ Kent Rodriguez
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Kent Rodriguez, President