Avro Energy reported it is continuing to add new wells online to the tanks on the Muslow and Caddo Levee Board leases in North Louisiana. Adjustments are being made to production equipment with an effort to increase production on a daily basis.
In addition, negotiations are continuing on the previously announced property south of Shreveport Louisiana where the Company has a right of first refusal on the purchase of this property. The Company is awaiting a final report from its consulting geologist Murray Moore on the upper horizon potential in these wells. It is expected that a final decision will be made on this property by May 18, 2010.
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.
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