UNITED STATES
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): June 26, 2007
Avalon Oil & Gas, Inc.
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(Exact Name of registrant as specified in charter)
Nevada 1-12850 84-1168832
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
7808 Creekridge Circle, Suite 105 Minneapolis, MN 55439
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(Address of principal executive offices)
(952) 746-9652
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(Registrant's telephone number, including area code)
(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-14(c).
Item 7.01 Regulation FD Disclosure.
A) Avalon Oil & Gas, Inc. ("Avalon") announced in a press release dated June 26,
2007 that the Janssen #-1A well in Karnes County, Texas, of which Avalon owns a
15% working interest, has been put into production. The well had been flowing at
an average rate of 330 thousand cubic feet of gas per day, along with 10 to 20
barrels of high grade condensate.
B) Avalon announced in a press release dated June 28, 2007 that it had finalized
an Authorization for Expenditure for the workover of the Deltaic Farms #-1 well
in Miller County, Arkansas. The workover is anticipated to remove paraffin wax
build-up as well as install a pumpoff controller.
C) Avalon announced in a press release dated July 2, 2007 that, along with its
partners, it had commenced field operations on the Doris Hall and Fletcher
Leaseholds in Grant Parish, Louisiana, designed to provide a measure of the
productive capabilities of the property prior to acquisition. The leasehold has
six wellbores, and Avalon has an undivided 25% working interest.
D) Avalon announced in a press release July 9, 2007 that, along with its
partners, it has completed the workover on three wellbores on the Doris Hall
Leasehold, Grant Parish, Louisiana. A newly designed down hole tube pump in the
Doris Hall #1 was installed, and is currently pumping over 200 barrels of fluid
below a packer. The Doris Hall #3 well is currently producing about 10 BOPF with
a 1 1/2" pump, and the fluid level is staying above 900 feet.
E) Avalon announced in a press release dated July 11, 2007 that the Janssen #1A
well in Karnes County, Texas, in which Avalon owns a 15% working interest,
produced 8,062 MCF of gas and 163 barrels of condensate in June 2007. The well
was flowing at an average rate of 250 MCF per day, along with 10 barrels of high
grade condensate.
F) Avalon announced in a press release dated July 23, 2007 that Dr. D. Bruce
Merrifield was appointed as an expert advisor. Dr. Merriefield will advise
Avalon in matters including, but not limited to, Avalon's intellectual property
assets encompassing solutions for paraffin wax mitigation, hazardous gas leak
detection, and intelligent reservoir mapping systems.
G) Avalon Oil & Gas, Inc. announced in a press release dated August 13, 2007,
that it had received notice that the U.S. Patent and Trademark Offices has
approved the patent application for Avalon's paraffin wax mitigation system,
being marketed as Ultrasnoic Mitigation Solutions(TM) (the "Patent"). Currently
available solutions to paraffin wax deposits and build-up in oil production rely
upon chemical solvents, which not only require repeated mechanical pigging
operation and costly workovers to maintain production capacity, but also can
also result in environmental liabilities. In contrast, the Patent utilizes
ultrasonic waves to fragment current paraffin deposits in the production's
tubing and prevent future wax formation in an environmentally safe process.
H) Avalon announced in a press release dated August 16, 2007, that Kent
Rodriguez, Avalon's President and CEO, presented a proposal to the Board of
Directors to create wholly owned subsidiary which would focus upon oil and gas
recovery technology; and plans to spin-off such subsidiary to Avalon's
shareholders. The oil and gas technology include, but are not limited, to the
Patent; a system to detect hazardous gas leaks including small leaks in natural
gas pipelines; and a system for intelligent drilling and completion sensors to
provide real-time oil reservoir monitoring of subsurface information.
I) Avalon announced in a press releases dated August 20, 2007 and August 30,
2007 that it has executed and entered into an exclusive licensing agreement with
Oiltek, Inc. ("Oiltek"), whereby Oiltek acquired the exclusive rights to market
Avalon's portfolio of intellectual property and fifty thousand ($50,000)
dollars, in exchange for approximately eighty (80%) percent or ten million
(10,000,000) of Oiltek's common stock. Oiltek is a majority owned subsidiary of
Avalon, but Avalon intends to spin-off its shares to Avalon's shareholders.
Oiltek is currently preparing to register its shares of common stock with the
U.S. Securities and Exchange Commission ("SEC"), and will seek a listing of
Oiltek's shares on the Over-the-Counter Bulletin Board ("OTCBB") upon the
registration statement becoming effective.
J) Avalon announced in a press release dated August 27, 2007 that it had
acquired a sixteen (16%) percent working interest in the Hughs #1 well, located
in Noble County, Oklahoma. When the well was drilled and completed in 1988, it
was tested to have a capacity of four (4) million cubic feet per day.
K) Avalon announced in a press release dated September 7, 2007 that Kent
Rodriguez, Avalon's CEO and President, will present to international investors
at the IAM Dusseldorf on September 7 - 9 at the Forum Theme Park Resources in
the Messe Dusseldorf to further introduce Avalon to the international investment
community.
L) Avalon announced in a press release dated September 11, 2007 that it has
begun the workover on the Hughs #1, located Noble County, Oklahoma, to repair
the damaged tubing and downhole pump, remove the paraffin wax build-up, and
clean-up the perforations in the Bartlesville Zone. Avalon owns a 16% working
interest in the Hughs #1.
M) OTC Stock Review announced in a press release dated September 17, 2007 that
it has published an updated report on Avalon Oil & Gas, Inc.
N) Avalon announced in a press release dated September 25, 2007 that the
workover on the Hughs #1, located in Noble County, Oklahoma, to repair the
damaged tubing and downhole pump, remove the paraffin wax build-up, and clean-up
the perforations in the Bartlesville Zone was successfully completed as planned.
The well had flush production of two hundred (200) barrels of oil and is now
producing six (6) barrels of oil per day and 10 MCF of gas. Avalon owns a 16%
working interest in the well.
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 June 26, 2007
99.2 Press Release dated June 28, 2007
99.3 Press Release dated July 2, 2007
99.4 Press Release dated July 9, 2007
99.5 Press Release dated July 11, 2007
99.6 Press Release dated July 23, 2007
99.7 Press Release dated August 13, 2007
99.8 Press Release dated August 16, 2007
99.9 Press Release dated August 20, 2007
99.10 Press Release dated August 27, 2007
99.11 Press Release dated August 30, 2007
99.12 Press Release dated September 7, 2007
99.13 Press Release dated September 11, 2007
99.14 Press Release dated September 17, 2007
99.15 Press Release dated September 25, 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: September 27, 2007 By: /s/ Kent Rodriguez
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Kent Rodriguez, President