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OTC Stock Review Issues Report on Avalon Oil & Gas, Inc.
Atlanta, GA, September 17, 2007 -- OTC Stock Review announces that it has published an updated report on Avalon Oil & Gas, Inc. (OTC BB: AOGN). Avalon Oil & Gas, Inc., headquartered in Minneapolis, MN, engages in the acquisition of oil and gas producing properties, while its technology group acquires and develops oil and gas production enhancing technologies from early stage licensing partners. The company is building an asset portfolio of innovative technologies in the oil and gas industry to maximize enhancement opportunities at its various properties.
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Avalon Oil & Gas, Inc. management has quietly built up a growing oil and gas company. Oil's rapid rise from $69.00 a barrel less than a month ago has been propelled by falling domestic oil inventories and concerns about growing demand. Oil prices flirted with $80.00 a barrel as a production increase from OPEC failed to calm market concerns about the availability of supplies for winter in the Northern Hemisphere. In our opinion, junior oil stocks like Avalon Oil & Gas, Inc. should start to trade higher.
Avalon Oil & Gas, Inc.'s Board of Directors announced plans to create a wholly owned subsidiary with focus in oil and gas recovery technology and spin it off as a fully reporting OTCBB corporate entity by issuing a share dividend to common stockholders of Avalon Oil & Gas, Inc. This technology portfolio includes: developments to mitigate paraffin wax deposits in well bores and oil production tubing; 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 informati on. Digital oilfield technologies are projected to boost world oil reserves by 125 billion barrels over the next 5 to 10 years.
The complete report is available at http://otcstockreview.com/Files/AOGN/AOGN_Review.pdf
Additionally, more information on Avalon Oil & Gas, Inc. is available at
http://www.avalonoilinc.com.
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