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www.pennystockchaser.com - AVOE - The stock is inching up and we are expecting a breakout - AVOE IS GETTING READY TO MAKE YOU BIG BUCKS
The chart on AVOE is building very nicely. The stock closed @ .74.
http://www.stockscores.com/
We have moved from a .50 to .70 channel and now we appear to be in a .70 to .90 channel. Once we get a solid close above $1.00, the stock will be set to take a run past the old high of $2.46.
THIS STOCK HAS GOT ALL SORTS OF FUNDAMENTALS. THIS IS THE PERFECT STORM FOR AVOE LONGS.
Oil moved sharply higher today and closed over $79.00 per barrel.
http://www.cnbc.com/
The economy in the US has come back to life and the trend in oil is solidly higher.
AVOE is ready to benefit from higher oil prices. Their focus has been on acquiring production with exploration upside.
The figures so far on the acquisition program are incredible:
WELLS ACQUIRED : OVER 200
POTENTIAL REVENUE : OVER $21 MILLION
The company keep shareholders very well informed. There was another PR update this evening.
Avro Energy Begins Receiving Production From South Arkansas Deep Wells and Announces Workover Program
Avro Energy, Inc. (OTCBB:AVOE)
In addition to this production, Donny Fitzgerald, the Company's operations manager in Vivian, Louisiana, has begun putting together a workover program on the South Arkansas Deep Well project. It is expected that a written workover program will be prepared by November 15, 2009, at which time the Company will begin workover operations on the South Arkansas Deep Well project.
As previously disclosed, the South Arkansas Deep Well acquisition meets the Company's model of acquiring deeper oil and gas production, with the ultimate goal of becoming a junior oil and gas exploration and production company.
About the South Arkansas Deep Wells
These eleven producible deep oil wells are located in South Arkansas. Seven of these wells are currently in production with the other four capable of production after work over operations. In addition, the Company will acquire three disposal wells with this package. The deepest of these wells produces from the Smackover formation at 7800 feet, which fits with the Company's plan to look at deeper horizons for zones capable of larger production. The producing wells are productive from the Rodessa, Paluxy, Pettit, Smackover, and Tuscaloosa Formations.
The Company is continuing to negotiate on other deep projects in the ArkLaTex region of Louisiana and will keep its shareholders updated.
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.
About Avro Energy, Inc.
Avro Energy Inc. is an independent energy company engaged in the acquisition, exploration and development of oil and natural gas properties in North America. Avro's objective is to seek out and develop opportunities in the oil and natural gas sectors that represent low risk opportunities for the Company and its shareholders. In addition, Avro aims to seek larger projects that can be developed and produced with Joint Venture partners. More information about the Company is available at its corporate website at http://www.avroenergy.com. Alternatively, shareholders can call the Company directly at 318-734-4737 or send an email to avroenergy@gmail.com.
Members need to be in this stock. The energy story is real.
AVOE is acquiring a solid land package with solid revenue numbers.
We think it just a matter of time before we see a buyout of AVOE.
Please remember to do your due diligence on AVOE.
For more information on AVOE, please join us @ www.pennystockchaser.com.
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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates,"
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