The company said that it has been increasing its daily production on oil from its leases, and it expects the quarter’s production results will show an increase over the previous quarter. With this, the company has planned to build a junior oil and gas exploration and production company.
The company is continuing its workover operations on its wells in South Arkansas. The company has decided to put additional wells on production.
The company is negotiating with a Houston-based major oil and gas company on a joint-venture partnership agreement on properties in the ArkLaTex region.
Avro Energy is an independent energy company engaged in the acquisition, exploration and development of oil and natural gas properties in North America, with current operations in the ArkLaTex region.
