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<A NAME="A001"></A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="3"><B>UNITED
STATES<BR>SECURITIES AND EXCHANGE COMMISSION</B></FONT></FONT></P>

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<A NAME="A003"></A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="3"><B>WASHINGTON,
D.C. 20549</B></FONT></FONT></P>

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<A NAME="A004"></A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="4"><B>FORM
8-K</B></FONT></FONT></P>

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<A NAME="A005"></A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">CURRENT
REPORT<BR>Pursuant to Section 13 or 15(d)<BR>of the Securities Exchange Act of 1934</FONT></FONT></P>

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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Date of
Report (Date of Earliest Event Reported):&nbsp;&nbsp;&nbsp;&nbsp;March 28, 2007</FONT></FONT> </P>

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<A NAME="A008"></A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="6"><B>Avalon Oil &amp; Gas, Inc.</B></FONT></FONT></P>

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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(Exact name
of registrant as specified in charter) </FONT></FONT> </P>


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    <TH colSpan=2><FONT face="Times New Roman, Times, Serif"
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    <TD align=left width="37%"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Nevada</B></FONT></TD>
    <TD align=left width="4%"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left width="30%"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>1-12850</B></FONT></TD>
    <TD align=left width="4%"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left width="23%"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>84-1168832</B></FONT></TD>
    <TD align=left width="2%"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD align=left><FONT face="Times New Roman, Times, Serif" size=2>(State or
      other jurisdiction</FONT></TD>
    <TD align=left><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left><FONT face="Times New Roman, Times, Serif"
      size=2>(Commission File Number)</FONT></TD>
    <TD align=left><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=center><FONT face="Times New Roman, Times, Serif" size=2>(IRS
      Employer</FONT></TD>
    <TD align=left><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD align=left><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of
      incorporation)</FONT></TD>
    <TD align=left><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left><FONT face="Times New Roman, Times, Serif"
size=2></FONT></TD>
    <TD align=left><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Identification No.)</FONT></TD>
    <TD align=left><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD></TR></TABLE>

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<A NAME="A009"></A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>7808 Creekridge Circle, Suite 105 <BR>Minneapolis, MN 55439
</B><BR>(Address of principal executive offices)(Zip Code)</FONT></FONT></P>



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<A NAME="A010"></A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>(952)&nbsp;746-9652</B><BR>(Registrant's telephone number, including area code)</FONT></FONT></P>

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<A NAME="A011"></A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">______________________________________<BR>(Former Name or Former Address if Changed Since Last Report)<BR></FONT></FONT></P>

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<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (<I>see </I>General Instruction A.2. below):</FONT></FONT> </P>

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     <TD><P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">|_|&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></FONT> </P></TD>
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<BR>

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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></FONT> </P></TD>
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<BR>

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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)).</FONT></FONT> </P></TD>
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Pre-commencement communications pursuant to Rule 13e-4(c) under  the Exchange Act (17 CFR
240.13e-14(c).</FONT></FONT> </P></TD>
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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>Section 2
&#151; Financial Information  <BR>Item&nbsp;&nbsp;&nbsp;2.01 Completion of Acquisition or Disposition of
Assets. </B></FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">On
March 30, 2007, Avalon Oil &amp; Gas, Inc. (&#147;Avalon&#148;) announced that
it acquired Leak Location Technologies, Inc. (&#147;LLTI&#148;) from UTEK
Corporation (&#147;UTEK&#148;) in a stock transaction pursuant to an Agreement
and Plan of Acquisition between Avalon, LLTI and UTEK dated March 28, 2007
(&#147;Agreement&#148;). LLTI holds the exclusive license to a patented
technology developed by researchers at Rensselaer Polytechnic Institute which
uses sound signals and sensors to detect and locate leaks in underground pipes.
In the transaction, UTEK exchanged all issued and outstanding shares of LLTI for
36,710,526 shares of Avalon&#146;s common stock which, in addition to the
35,131,142 shares of Avalon&#146;s common stock previously held by UTEK,
represents 21.8% of Avalon&#146;s issued and outstanding common stock. From
March 28, 2007 through March 27, 2008, UTEK&#146;s aggregate interest in Avalon
will be subject to be proportionately increased if Avalon&#146;s number of
issued and outstanding shares increases as a result of issuing additional equity
securities to any of its current management or directors except by reason of
those parties&#146; conversion of preferred stock that they owned prior to this
transaction.</FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">A copy
of the Agreement is attached to this Form 8-K as Exhibit 2.1 and is incorporated
by reference into this Item 2.01. </FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Avalon made
these announcements in a press  release dated March 30, 2007 (the &#147;Press Release&#148;),
which Press  Release provides details not included in previously issued reports. A copy
of  the Press Release is furnished with this Current Report on Form 8-K as Exhibit  99.1.</FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>Section 7
&#151;Regulation FD<BR>Item &nbsp;&nbsp;&nbsp;7.01 Regulation FD Disclosure.</B></FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">The
information disclosed above in Item 2.01 is incorporated herein by reference.</FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>Section 9
&#150; Financial Statements and Exhibits<BR>Item &nbsp;&nbsp;&nbsp;9.01 Financial Statements and Exhibits.</B></FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(d)&nbsp;&nbsp;&nbsp;Exhibits</FONT></FONT></P>




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     <TH COLSPAN="2"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Exhibit No.</FONT><HR WIDTH="100%" SIZE="1" COLOR="BLACK" NOSHADE></TH>
     <TH COLSPAN="2"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Description</FONT><HR WIDTH="100%" SIZE="1" COLOR="BLACK" NOSHADE></TH>
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     <TD WIDTH="4%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
        <TD WIDTH="16%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
      <TD WIDTH="4%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="74%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
</TR>
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     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
        <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">2.1</FONT></TD>
<TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Agreement and Plan of Acquisition</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
</TR>
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     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
        <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">99.1</FONT></TD>
<TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Press Release</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>SIGNATURES</B></FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Date:&nbsp;&nbsp;&nbsp;April
23, 2007</FONT></FONT></P>

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     <TD WIDTH="50%">&nbsp;</TD>
     <TD><P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>Avalon
Oil &amp; Gas, Inc.</B></FONT></FONT> </P></TD>
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<BR>

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     <TD WIDTH="50%">&nbsp;</TD>
     <TD><P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">By:&nbsp;&nbsp;<U>/s/&nbsp;&nbsp;&nbsp;Kent Rodriguez</U> <BR>Kent Rodriguez, Chief Executive Officer</FONT></FONT> </P></TD>
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AutoCoded Document
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of
Report (Date of Earliest Event Reported):    March 28, 2007
Avalon Oil & Gas, Inc.
(Exact name
of registrant as specified in charter)
Nevada
1-12850
84-1168832
(State or
      other jurisdiction
(Commission File Number)
(IRS
      Employer
of
      incorporation)
Identification No.)
7808 Creekridge Circle, Suite 105
Minneapolis, MN 55439
(Address of principal executive offices)(Zip Code)
(952) 746-9652
(Registrant's telephone number, including area code)
______________________________________
(Former Name or Former Address if Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (
see
General Instruction A.2. below):
|_|     
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|_|     
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|_|     
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)).
|_|     
Pre-commencement communications pursuant to Rule 13e-4(c) under  the Exchange Act (17 CFR
240.13e-14(c).
Section 2
— Financial Information
Item   2.01 Completion of Acquisition or Disposition of
Assets.
On
March 30, 2007, Avalon Oil & Gas, Inc. ("Avalon") announced that
it acquired Leak Location Technologies, Inc. ("LLTI") from UTEK
Corporation ("UTEK") in a stock transaction pursuant to an Agreement
and Plan of Acquisition between Avalon, LLTI and UTEK dated March 28, 2007
("Agreement"). LLTI holds the exclusive license to a patented
technology developed by researchers at Rensselaer Polytechnic Institute which
uses sound signals and sensors to detect and locate leaks in underground pipes.
In the transaction, UTEK exchanged all issued and outstanding shares of LLTI for
36,710,526 shares of Avalon's common stock which, in addition to the
35,131,142 shares of Avalon's common stock previously held by UTEK,
represents 21.8% of Avalon's issued and outstanding common stock. From
March 28, 2007 through March 27, 2008, UTEK's aggregate interest in Avalon
will be subject to be proportionately increased if Avalon's number of
issued and outstanding shares increases as a result of issuing additional equity
securities to any of its current management or directors except by reason of
those parties' conversion of preferred stock that they owned prior to this
transaction.
A copy
of the Agreement is attached to this Form 8-K as Exhibit 2.1 and is incorporated
by reference into this Item 2.01.
Avalon made
these announcements in a press  release dated March 30, 2007 (the "Press Release"),
which Press  Release provides details not included in previously issued reports. A copy
of  the Press Release is furnished with this Current Report on Form 8-K as Exhibit  99.1.
Section 7
—Regulation FD
Item    7.01 Regulation FD Disclosure.
The
information disclosed above in Item 2.01 is incorporated herein by reference.
Section 9
– Financial Statements and Exhibits
Item    9.01 Financial Statements and Exhibits.
(d)   Exhibits
Exhibit No.
Description
2.1
Agreement and Plan of Acquisition
99.1
Press Release
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Date:   April
23, 2007
Avalon
Oil & Gas, Inc.
By:
/s/   Kent Rodriguez
Kent Rodriguez, Chief Executive Officer