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): February 6, 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.
Avalon Oil & Gas, Inc., has announced in press releases issued on February
6, 2007 and February 8, 2007 that Avalon, along with its partners, has commenced
testing for productive capabilities prior to acquisition on the six well
production property located in Grant Parish, Louisiana, subject to a recently
announced letter of intent. Avalon owns an undivided twenty five percent (25%)
working interest in the properties. A due diligence evaluation is also underway.
A) The February 6, 2007 press release announced that the first phase of
field work consisting of moving a bottom hole assembly for a pumping unit deeper
in one of the wells, along with related modification of the surface components
of the pumping unit, has been completed.
B) The February 8, 2007 press release announced a workover has been
completed on one of the wells to lower the bottom hole pump assembly, along with
related modifications. Although fluid was recovered with an oil cut showing
signs of improvement, mechanical complications have arisen that have limited
production from this well over the last week. These complications have been
addressed and this well is expected to be put back on production late this week.
In addition, a second well is currently undergoing workover operations on
the existing downhole pump, as well as modifications to the surface facilities.
A third well has been placed in operation in its current condition. Upon
completion of the current work on the second and third wells, production is
expected to continue for a number of weeks in order to monitor the oil cut,
total fluid production, and saltwater disposal capabilities of 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 February 6, 2007
99.2 Press Release dated February 8, 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: February 12, 2007 By: /s/ Kent Rodriguez
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Kent Rodriguez, President