Avro has acquired the Dixon No. 2 Well near Kiblah, Arkansas. The Company has acquired a 100% working interest subject to an 18% overriding royalty by the landowner.
The Company feels that this well was previously perforated at the wrong interval when it was first completed by the previous operator. The Company has had the well logs from this well reviewed by qualified consultants who believe that the well was perforated at the wrong interval and have recommended that Avro Energy recomplete this well to bring it into production. The Company will continue to add to its assets in South Arkansas and is continuing to negotiate for further acquisitions in this area on a daily basis.
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