Avro Buys Wells in South Arkansas
Avro confirms that it has reviewed the well logs, equipment assessment, title work on these wells, and has made a formal agreement on two wells, the Betts No. 1 and the Betts No.2 well in South Arkansas. The Company's consulting geologist is still reviewing the well logs and other supporting material on the third well.
The deepest of the two wells is 5,000 feet deep, and from previous experience in the area, the Company expects to find other zones of interest above the original target depth that the Company feels are suitable for through-the-pipe logging technology and recompletion.
With these two acquisitions, the Company will have a total of 35 wells in the ArkLaTex region of North Louisiana and South Arkansas.