AVOE Avro Energy Inc. featured news, full reports, and detailed charts
Avro Energy Inc. (AVOE/AVOE.OB) Wrap Up:
Avro Energy, Inc. engages in the exploration and development of mineral resource properties for molybdenum and other metals in Canada. It holds interests in a molybdenum property, which comprises 1 mineral claim containing 9 cell claim units totaling 188.293 hectares and is located in north of Vancouver, British Columbia. The company was founded in 2007 and is based in Calgary, Canada.Avro Energy Inc. (AVOE:OTC Bulletin Board Market)
Snapshot of Avro Energy Inc. (AVOE)
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OPEN
$0.45
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PREVIOUS CLOSE
$0.45
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DAY HIGH
$0.47
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DAY LOW
$0.36
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52 WEEK HIGH
09/3/09 - $2.46
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52 WEEK LOW
07/10/09 - $0.10
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MARKET CAP
12.0M
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AVERAGE VOLUME 3 mo
268.8K
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
25.5M
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AVOE Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
AVOE Top Compensated Officers
Executives, Board Directors
Key developments for Avro Energy Inc. (AVOE)
Avro Energy Inc. announced that it has begun workover operations on the RM Collins deep oil well near Mandeville, Arkansas. This well is currently producing from the deep Smackover Formation. 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.
Avro Energy Inc. confirmed that as of November 1, 2009, it has started receiving production from operations on the South Arkansas Deep Wells. 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. 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.
On October 24, 2009 Avro Energy Inc. signed a letter agreement to acquire eleven producible deep oil wells north of Hosston, Louisiana, in Southern Arkansas. Seven of these wells are in production. The deepest of these wells produce from the Smackover formation at 7800 feet. Four other wells are capable of production after work over operation has been completed. Also included with the agreement are three disposal wells. The terms of this agreement, the Company is required to pay $385,000, which must be paid over a seven month period, with the first payment of $50,000 due on November 24, 2009. Starting November 1, 2009, the Company will be able to receive production from these wells. This transaction is subject to the Company receiving a satisfactory title opinion.
AVOE Competitors
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Industry Analysis
| Valuation | AVOE | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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AVOE |
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AVOE transactions
| Type Date |
Target |
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Merger/Acquisition
October 24, 2009 |
11 Producible Deep Oil Wells |
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Merger/Acquisition
September 9, 2009 |
Four New Oil and Gas Leases in Caddo Parish |
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Merger/Acquisition
August 10, 2009 |
Two Production-Ready Wells in ArkLaTex Oil Producing Region |
More Recent News About Avro Energy Inc.
More news for AVOE
Avro Energy Enters Into Negotiations
VIVIAN, La., Nov. 4, 2009 (GLOBE NEWSWIRE) -- Avro Energy, Inc. (OTCBB:AVOE - News) is pleased to announce that the Company has entered into preliminary negotiations with a Houston, Texas based Oil and Gas company for the purpose of drilling a deep test well in North Louisiana. The success of these negotiations has not yet been determined, but the Company is working diligently to come to a final agreement. 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...Click here to read the whole Article (external link)
Avro Energy Begins Receiving Production From South Arkansas Deep Wells and Announces Workover Program
VIVIAN, La., Nov. 3, 2009 (GLOBE NEWSWIRE) -- Avro Energy, Inc. (OTCBB:AVOE - News) announces, further to the Company's news release dated October 24, 2009, the Company confirms that as of November 1, 2009, it has started receiving production from operations on the South Arkansas Deep Wells. 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. ...Click here to read the whole Article (external link)
AVRO ENERGY INC. Files SEC form 8-K, Entry into a Material Definitive Agreement
Show all filings for AVRO ENERGY INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for AVRO ENERGY INC. 30-Oct-2009Entry into a Material Definitive Agreement Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, ...Click here to read the whole Article (external link)
Avro Energy Continues Work Programs in Northern Louisiana
VIVIAN, La., Oct. 19, 2009 (GLOBE NEWSWIRE) -- Avro Energy, Inc. (OTCBB:AVOE - News) is pleased to announce that further to the Company's news release dated September 9, 2009, regarding the acquisition of the Muslow and Caddo Levee Board Leases in Caddo Parish, Louisiana, the Company has deferred payment for the leases until November 20, 2009, at which time $35,000 is due and payable, and an additional $35,000 is due and payable on December 20, 2009. This extension allows for the Company to obtain a satisfactory title opinion, which it anticipates shortly. Further to the Company's news release dated October 6, 2009, the Company has put the Muslow #1 and Muslow #2 into production. Donny Fitzgerald, Manager of Operations for the Company, has continued to work on additional wells on the Muslow leases, and as this work progresses, the Company will keep its shareholders updated. The Company continues to stay within its model of buying oil and gas leases in the ArkLaTex oil-producing region that have further prospects of increased production. Further to this end, the Muslow and Caddo Levve Board wells have zones of interest in the Nachatosh Formation. These leases include the deeper rights to the base of the Paluxy Formation which is prolific in the area. 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 Louisi...Click here to read the whole Article (external link)
