Avro has acquired two new oil leases in the vicinity of its current production in South Arkansas. With this acquisition, the Company has acquired two new wells; the Bette No. 1 and the Bette No. 2.
The Company is excited about this recent acquisition, and continues to concentrate its efforts in the South Arkansas area.
Further to the Company's news release dated May 12, 2010, with respect to the right of first refusal on the property south of Shreveport, Louisiana, the Company is continuing to review well log and production data from these wells. The Company has also asked for compression data in regards to pipeline transmission so that it might be able to determine pipeline capacity in regard to perforating other zones of interest in these wells.
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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