WEST SUSSEX, England, June 26, 2009 (GLOBE NEWSWIRE) -- Avro Energy, Inc. (OTCBB:AVOE) is pleased to announce that it has entered into negotiations to acquire oil and gas interests in Northern Louisiana, U.S.A. The Company's primary focus will be to acquire producing oil assets with the overall plan to re-complete the wells to increase production.
A director of the Company has operational experience in Northern Louisiana and has been involved in the Oil and Gas Industry for over 20 years. Such experience will be used by the Company to source and secure the most advantageous projects.
The Company believes that its current focus on oil is the right focus for the Company in the near term. Oil prices have recovered in the last few months and are expected to remain robust for the foreseeable future.
Forward-Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements with the terms "believes", "belief", "expects", "intends", "anticipates", "will", or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.
The OTCBB has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential recovery processes, etc. Forward-looking statements address future events and conditions and, therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.