Avalon Oil and Gas today announced a corporate name change to ‘Groove Botanicals, Inc.’. The Company’s new ticker symbol is GRVE. The Market Effective Date of these changes is Monday, May 14th, 2018. These changes were made to reflect Avalon’s new business operations as a consumer health products company dedicated to [...]
Avalon Oil and Gas today announced the company has formed Avalon 2015 -1, L.P., a Delaware Limited Partnership with Drax Holdings, a Canadian Corporation. Drax has invested $600,000 in the Limited Partnership, representing 100% of the invested capital. The funds will be used to purchase non-operated oil and gas producing properties in Oklahoma and [...]
Avalon Oil and Gas today announced the company is current with its filings, having filed Form 10-K for the year ended March 31, 2015 on August 14, 2015 and its 10-Q for the quarter ended June 30, 2015 on September 10, 2015. June 30, 2015 financial highlights include an increase in shareholder equity to $1,943,854 and a reduction in debt to [...]
Avalon Oil and Gas today announced the acquisition of non-operated working interests in 22 oil and gas wells located in Caddo, Custer, Grady, Major, McClain, Pittsburg, Roger Mills, and Woodward Counties in Oklahoma; Crockett, Hansford, and Irion Counties in Texas; and Pope and Sebastian Counties in Arkansas. The properties were acquired with a [...]
IP Technology Exchange and Avalon Oil and Gas announced today that they have signed a technology scouting agreement. Kent Rodriguez, Chief Executive Officer of Avalon Oil and Gas, said, "We are very pleased to form this alliance with IP TechEx. We believe it will provide promising new technology acquisition opportunities for us. Our alliance with [...]
Avalon Oil & Gas 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 [...]
Avalon Oil and Gas announced the formation of a joint venture to acquire oil and gas producing properties in Oklahoma, with Blair Oil Company, a Kingfisher, Oklahoma, based independent oil and gas producer; Zacale Resources Company, an Edmond, Oklahoma, based petroleum land management company; and Foy Streetman, a Chickasha, Oklahoma, based [...]
Avalon Oil and Gas announced it has delivered a company presentation last week to a business forum of the German private investment group, UFM e.V. This investor group is based in Starnberg, Germany. UFM e.V. has a successful history of raising debt and equity capital from its investor network for financing innovative growth companies. UFM e.V.'s [...]
Avalon Oil & Gas announced the launch of a social media marketing campaign to strengthen its communications programs. The company will engage a combination of social media channels, including YouTube, Twitter, Facebook, LinkedIn, and WordPress to provide information on company initiatives and reach out to potential investors.
Avalon Oil & Gas announced it has retained the services of Alpha Exclusive, LLCto support the company's shareholder communications and increase market awareness and build a social media presence. 'We are pleased to add Alpha Exclusive as part of our communications team,' said Avalon Oil & Gas, Inc. CEO, Kent Rodriguez. He added, 'This partnership [...]
Avalon Oil & Gas an independent oil and gas production company, released its 10QSB on November 15, 2011. Total assets increased to $2.65 million, shareholder equity increased to $1.04 million, and the cash balance as of September 30, 2011 exceeded $133,000. The net loss for the quarter decreased 66% to $89,000. Revenues increased to $119,535 for [...]
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