Avro Energy Inc., Vivian, La., (OTCBB: AVOE) plans to acquire 11 producing oil wells in southern Arkansas from an undisclosed seller for $385,000. The assets are north of Hosston, La., with seven currently in production from the Rodessa, Paluxy, Pettit, Smackover and Tuscaloosa formations, and the other four capable of production after work over operations. In addition, the company will acquire three disposal wells. The consideration will be paid over a seven-month period. The effective date is Nov. 1.
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