Avro announced that three of the Company oil wells are currently being reworked to increase production. Work crews are to begin work this week on the Caddo Levee Board No. 8, 9, and 10 Wells. Included in this program is the recompletion of the Muslow No. 6 Well in North Louisiana.
The Company has been following the recent rise in oil prices quite closely, and to that end plans to speed up its program to acquire more wells in the area. The Company expects to have a formal agreement for the purchase of three new wells in South Arkansas as soon as proper legal and title work is complete. The Company will keep its shareholders updated on an ongoing basis.
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