October 21, 2009 (FinancialWire) — Avro Energy, Inc. (OTCBB: AVOE) announced that 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.

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.

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.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.