Avatar Energy Announces Closing of Qualifying Transaction and Financing

Avatar Energy Ltd. (TSXV:AVG.P), formerly Reviso Energy Ltd., announces that it has completed its previously announced proposed qualifying transaction.

The press release is quoted as saying:

Avatar is an emerging junior oil and gas company with production in Alberta. The Corporation’s area of focus is on operated properties in the Pembina Cardium light oil play that have long life high quality reserves with repeatable drilling upside. Avatar has 4.5 gross sections of operated land in the Pembina Cardium region and plans to drill its first horizontal well for Cardium light oil prior to year end. It has also identified another 15 potential follow up locations.

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