VIVIAN, La., Sept. 14, 2009 (GLOBE NEWSWIRE) -- Avro Energy, Inc. (OTCBB:AVOE) is pleased to announce that further to the Company`s news releases dated September 9, 2009, where the Company announced the proposed acquisition of 2 producing and 6 non-producing wells of the Muslow A, B, and C Leases, Donny Fitzgerald, the Company's Director and Manager of Operations, has been in meetings with electrical down-hole pump manufacturers to put the non-producing wells from the Muslow A, B, and C Leases back into production. While the idea of electrical down-hole pumps is not new, it is a far more advanced system than the pump jacks which are currently in use in the area, and to this end, the Company feels that by switching the equipment over to electrical pumps, it will be able to produce more volume with less costs over time. The Company`s objective is to be able to produce the 6 non-producing wells on the Muslow A, B, and C Leases, when they are brought into production at a lower cost so as to increase the net revenue.
With the proposed acquisition of the Muslow Leases, the Company is staying within its model of buying oil and gas leases in the ArkLaTex oil-producing region that have further prospects of increased production. Further to this end, these wells have zones of interest in the Nachatosh Formation. These leases include the deeper rights to the base of the Paluxy Formation which is prolific in the area.
About the ArkLaTex Oil-Producing Region
The ArkLaTex is a U.S. socio-economic region where Arkansas, Louisiana, Texas, and Oklahoma intersect. The region is centered on the Shreveport/Bossier metropolitan area in Northwest Louisiana. The region's history is heavily linked with the oil industry. The geology associated with the deposition of sediments from the Mississippi River, in particular, makes this area an abundant source for the oil and gas industries, which leads to the high levels of oil production within the region.
About Avro Energy, Inc.
Avro Energy Inc. is an independent energy company engaged in the acquisition, exploration and development of oil and natural gas properties in North America. Avro's objective is to seek out and develop opportunities in the oil and natural gas sectors that represent low risk opportunities for the Company and its shareholders. In addition, Avro aims to seek larger projects that can be developed and produced with Joint Venture partners. More information about the Company is available at its corporate website at http://www.avroenergy.com.
Forward-Looking Statements
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