Avalon Oil and Gas, Inc. acquired the assets of Kensington Energy Limited Partnership – 1985 and Kensington Energy Limited Partnership – 1986 and Kensington Energy Limited Partnership – 1987 and Kensington Energy Company and Kensington Group Venture and Kensington Group Venture I and Kensington Group Venture II and Kensington Group Venture III.

Avalon Oil and Gas, Inc. (OTCPK:AOGN) acquired the assets of Kensington Energy Limited Partnership – 1985 and Kensington Energy Limited Partnership – 1986 and Kensington Energy Limited Partnership – 1987 and Kensington Energy Company and Kensington Group Venture and Kensington Group Venture I and Kensington Group Venture II and Kensington Group Venture III on September 29, 2014. The assets were acquired with a combination of cash, debt and common stock.

Avalon Oil and Gas, Inc. (OTCPK:AOGN) completed the acquisition of the assets of Kensington Energy Limited Partnership – 1985 and Kensington Energy Limited Partnership – 1986 and Kensington Energy Limited Partnership – 1987 and Kensington Energy Company and Kensington Group Venture and Kensington Group Venture I and Kensington Group Venture II and Kensington Group Venture III on September 29, 2014. For the year ended March 31, 2015 Avalon Oil $0.12 million for the purchase of the Kensington Energy Assets.