Avalon Successfully Completes Workover to Enhance Production on the Dixon # 1 and Deltic Farms # 1
01 Ottobre 2013 - 1:00PM
Avalon Oil & Gas, Inc., (OTCQB:AOGN) announced
that the workovers on the Dixon # 1 and the Deltic Farms # 1,
Kiblah Field, Miller County, Arkansas have been successfully
completed.
The workovers to remove the paraffin build-up were completed by
pulling the rods and tubing from the wellbores, steam cleaning
them, and then sand bailing the bottom of the wellbores to remove
debris. These wells were originally drilled and completed in 1989.
"We are pleased to have completed these workovers; current
production from the Dixon well is 10 barrels of oil per day (BOPD)
and the Deltic well is producing 4 barrels of oil per day," stated
Avalon's President, Kent Rodriguez.
Avalon owns a fifty percent (50%) working interest in these two
wells in the Kiblah field, they produce oil from the Tokio zone at
an approximate depth of 3,000 feet. Rodriguez added, "The removal
of the paraffin build-up should permit us to recover 15,900 barrels
of oil of proven reserves; we expect to commence a workover on the
Gunn # 1 in the next 30 days."
Forward-Looking Statements This press release contains
statements, which may constitute "forward-looking statements"
within the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934, as amended by the Private Securities
Litigation Reform Act of 1995. Those statements include statements
regarding the intent, belief or current expectations of Avalon Oil
& Gas, Inc., and members of its management as well as the
assumptions on which such statements are based. Prospective
investors are cautioned that any such forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from
those contemplated by such forward-looking statements. The Company
undertakes no obligation to update or revise forward-looking
statements to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results.
FOR FURTHER INFORMATION, please visit the company's website at
www.avalonoilinc.com, or contact: Avalon Oil & Gas, Inc.,
Minneapolis Kent Rodriguez, CEO Tel: 952-746-9655 Fax:
952-746-5216
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