VIVIAN, La., Oct. 30, 2009 (GLOBE NEWSWIRE) -- Avro Energy, Inc. (OTCBB:AVOE) announces, further to the Company's news release dated October 29, 2009, the Company's independent consulting Petroleum Geologist, in his preliminary opinion on the South Arkansas project states that: "Well logs indicate a Rodessa Formation that looks productive. Historically, there is a lot of Rodessa production in this area." The Company's independent consulting Petroleum Geologist has recommended that in addition to the workover recommendations he has made in regard to the current wells on the property, that the Company "drill additional wells to the Rodessa formation where indicated by the well logs." To that end, the Company will retain the independent Petroleum Geologist to prepare an isopach to determine drill site locations for up to six of the Rodessa wells. This will be determined by field spacing units and the prepared isopach.
The South Arkansas Deep Well acquisition meets the Company's model of acquiring deeper oil and gas production, with the ultimate goal of becoming a junior oil and gas exploration and production company.
About the South Arkansas Deep Wells
These eleven producible deep oil wells are located in South Arkansas. Seven of these wells are currently in production with the other four capable of production after work over operations. In addition, the Company will acquire three disposal wells with this package. The deepest of these wells produces from the Smackover formation at 7800 feet, which fits with the Company's plan to look at deeper horizons for zones capable of larger production. The producing wells are productive from the Rodessa, Paluxy, Pettit, Smackover, and Tuscaloosa Formations.
The Company is continuing to negotiate on other deep projects in the ArkLaTex region of Louisiana and will keep its shareholders updated.
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. Alternatively, shareholders can call the Company directly at 318-734-4737 or send an email to avroenergy@gmail.com.
Forward-Looking Statements
Cautionary Note to U.S. Investors -- We may use certain terms in our press releases and on our website such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "retained", "valuation", "potential", "interested," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. You can review and obtain copies of our filings from the SEC's website at http://www.sec.gov/edgar.shtml.
The OTC BB has not reviewed or 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 mineral 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.