Avalon Oil & Gas, Inc.

Type: Public
On the web: http://www.avalonoilinc.com
Employees: 2
Employee growth: 0.0%

Avalon Oil & Gas is looking for that legendary prize -- making consistent profits in the oil business. The company focuses on acquiring mature oil and gas wells in Kansas, Louisiana, Oklahoma, and Texas and in 2007 had proved reserves of 28,772 barrels of oil equivalent. In addition, its technology group acquires oil production enhancing technologies. In 2006 Avalon Oil & Gas acquired paraffin wax deposition mitigator Ultrasonic Mitigation Technologies. In 2007 the company and a partner jointly acquired a six-well production property located in Grant Parish, Louisiana from a Lafayette-based company. It also acquired a 15% stake in an oil field in Texas. CEO Kent Rodriguez owns about 43% of Avalon Oil & Gas.

Key numbers for fiscal year ending March, 2009:
Sales: $0.3M
One year growth: 28.4%
Net income: ($2.1)M

Officers:
Chairman, President, CEO, CFO, and Secretary: Oil & Gas Exploration & Production

Competitors:
Carrizo Oil & Gas
Chesapeake Energy
Spindletop Oil & Gas