SOURCE: Stock Market Alerts

January 08, 2008 09:35 ET

Breaking Stock Alert for Tuesday: AOGN! January 8, 2008

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Stock Market Alerts.

MIAMI, FL--(Marketwire - January 8, 2008) - Stock Market Alerts' performance stock list includes: Avalon Oil and Gas, Inc. (OTCBB: AOGN), SIRIUS Satellite Radio (NASDAQ: SIRI), AMD (NYSE: AMD), Southern Star Energy Inc. (OTCBB: SSEY).

Having reported last month a production increase of 69% over the previous quarter, Avalon Oil and Gas, Inc. (OTCBB: AOGN) should have the attention of investors looking to possibly benefit from the energy sectors! Monday after the markets closed, the company, an oil and gas investment company engaged in the acquisition of oil and gas producing properties, issued a press release announcing that that it has completed its first production run in the Lake Washington Field and received its check for sale of oil in December.

More good news for AOGN, as according to the press release, the first month's production run proved to be almost 40% higher than the company had projected. This increase in production, combined with much higher commodity prices, has increased the internal rate to over 35% on this recent portfolio acquisition.

Avalon acquired non-operated production in the Lake Washington Field in Plaquemines Parish, Louisiana, located about 60 miles south of New Orleans, effective November 1, 2007. The Lake Washington Field was discovered in the 1930s and is located around a shallow piercement salt feature. The press release states that since discovery, the field has produced approximately 350 million barrels of oil, putting it among the largest oil and gas fields in the United States.

Swift Energy Company, the operator of the property, reports replacing several of the oil storage tanks, during which time the field has been offline. As of the end of December, about 70% of the production was back online, with the remainder to return online shortly. Production levels are consistent with levels prior to the shutdown.

The company should have investors watching! "We are extremely pleased with the initial production returns from the Lake Washington Field, and with Swift Energy's operation of this property," said Avalon's President and Chief Executive Officer, Kent A. Rodriguez. "Avalon's team has broad experience developing oil properties in the region, and has maximized this opportunity to refine our asset base with high margin properties, while adding significant development drilling opportunities," added Rodriguez.

The Lake Washington acquisition substantially increases Avalon's daily production of oil and gas. Avalon holds approximately 0.7% working interest in 3 producing units that are currently making over 1000 barrels of oil per day. Avalon also acquired like interests in surface production facilities and two salt water injection wells in the transaction.

Before the news was released, the stock closed Monday at Thirty Eight cents a share.

For Stock Market Alerts' in-depth profile of Avalon Oil and Gas, visit

Other Stocks of interest yesterday were:

SIRIUS Satellite Radio (NASDAQ: SIRI) down 5.7% on 52.2 million shares traded. SIRIUS, "The Best Radio on Radio," delivers more than 130 channels of the best programming in all of radio. SIRIUS is the original and only home of 100% commercial free music channels in satellite radio, offering 69 music channels. SIRIUS also delivers 65 channels of sports, news, talk, entertainment, traffic, weather and data.

AMD (NYSE: AMD) down 2.7% on 32.1 million shares traded. Advanced Micro Devices is a leading global provider of innovative processing solutions in the computing, graphics and consumer electronics markets. AMD is dedicated to driving open innovation, choice and industry growth by delivering superior customer-centric solutions that empower consumers and businesses worldwide.

Southern Star Energy Inc. (OTCBB: SSEY) up 26.3% on 535,000 shares traded. Southern Star Energy has approximately 5300 acres under lease within the prospect area, which is defined by a string of ten vintage wells drilled in the 1950's. The prospect area was historically developed on 640 acre spacing (wells approximately one mile apart). Most of these old wells were abandoned before 1972 after only producing from one of the Cotton Valley sand members. None of the zones with identified reserve potential has been produced within the prospect area. Preliminary plans, with continued successful evaluation drilling, will be to develop the leased acreage with at least one well per 160 acres. Analog fields are being economically developed with at least one well per 80 acres.

The advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company." The company received compensation for services performed for Avalon Oil and Gas, Inc. (OTCBB: AOGN). The compensation is fifteen thousand dollars from third party, First Advisory LLC., who may hold a significant position in the stock. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.

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