SOURCE: Stock Market Alerts

January 08, 2008 09:20 ET

Tuesday Morning Stock Watch: 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 Incorporated (OTCBB: AOGN), Microsoft (NASDAQ: MSFT), GE (NYSE: GE) and Gulf Resources, Inc. (OTCBB: GFRE).

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:

Microsoft (NASDAQ: MSFT) up 0.6% on 80.1 million shares traded. Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

GE (NYSE: GE) up 0.3% on 45.7 million sharers traded. GE is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide.

Gulf Resources, Inc. (OTCBB: GFRE) up 4.1% on 566,000 shares traded. Gulf Resources, Inc. operates through two wholly-owned subsidiaries: SCHC which is engaged in manufacturing and trading Bromine, which is used to manufacture a wide variety of compounds utilized in industry and agriculture, and Crude Salt in China; and SYCI which manufactures chemical products utilized in oil & gas field explorations and as papermaking chemical agents.

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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