-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GXowdA89QrQOIICyPpB/wFs+toiBMRemJXrjP9ROjvVLztuSDd7vOCxPghkL5szq dMJ3sF9AodzB82PKL+eBug== 0001193125-06-215465.txt : 20061026 0001193125-06-215465.hdr.sgml : 20061026 20061026104920 ACCESSION NUMBER: 0001193125-06-215465 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20061026 DATE AS OF CHANGE: 20061026 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Avalon Oil & Gas, Inc. CENTRAL INDEX KEY: 0000918573 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 841168832 STATE OF INCORPORATION: CO FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-49804 FILM NUMBER: 061164651 BUSINESS ADDRESS: STREET 1: 7000 FLOUR EXCHANGE BUILDING STREET 2: 310 FOURTH AVENUE SOUTH CITY: MINNEAPOLIS STATE: MN ZIP: 55415 BUSINESS PHONE: 6123599020 MAIL ADDRESS: STREET 1: 7000 FLOUR EXCHANGE BUILDING STREET 2: 310 FOURTH AVENUE SOUTH CITY: MINNEAPOLIS STATE: MN ZIP: 55415 FORMER COMPANY: FORMER CONFORMED NAME: XDOGS COM INC DATE OF NAME CHANGE: 20000225 FORMER COMPANY: FORMER CONFORMED NAME: SLED DOGS CO DATE OF NAME CHANGE: 19950112 FORMER COMPANY: FORMER CONFORMED NAME: SNOWRUNNER INC DATE OF NAME CHANGE: 19940203 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: UTEK CORP CENTRAL INDEX KEY: 0001098482 IRS NUMBER: 563603677 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 2109 PALM AVENUE CITY: TAMPA STATE: FL ZIP: 33605 BUSINESS PHONE: 8137544330 MAIL ADDRESS: STREET 1: 2109 PALM AVENUE CITY: TAMPA STATE: FL ZIP: 33605 SC 13G 1 dsc13g.htm SCHEDULE 13G Schedule 13G

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

 

 

 

 

AVALON OIL & GAS, INC.

(Name of Issuer)

 

 

COMMON STOCK

(Title of Class of Securities)

 

 

053467106

(CUSIP Number)

 

 

JULY 2006

(Date of Event Which Requires Filing of this Schedule)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

x Rule 13d-1(c)

¨ Rule 13d-1(d)

 

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP NO. 053467106    13G    Page 2 of 4

 

  1)  

NAMES OF REPORTING PERSONS

UTEK Corporation

 

IRS IDENTIFICATION NO:

59-3603677

    
  2)  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨

(b)  ¨

    
  3)  

SEC Use Only

 

    
  4)  

Citizenship or Place of Organization

 

DELAWARE

    

 

Number of  

Shares  

Beneficially  

Owned by  

Each  

Reporting  

Person  

With  

 

  

  (5)    Sole Voting Power

 

         16,131,142

 

  (6)    Shared Voting Power

 

         0

 

  (7)    Sole Dispositive Power

 

         16,131,142

 

  (8)    Shared Dispositive Power

 

         0

  9)  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

16,131,142

    
10)  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares    ¨

(See Instructions)

 

 

    
11)  

Percent of Class Represented by Amount in Row (9)

 

6.0%1

    
12)  

Type of Reporting Person (See Instructions)

 

CO

    

 

1 Based on the number of outstanding shares of common stock of Avalon Oil & Gas, Inc. disclosed in the Avalon Oil & Gas, Inc. Form 10-QSB for quarter ended June 30, 2006, and held by UTEK Corporation as of October 25, 2006.

CUSIP NO. 053467106    13G    Page 3 of 4

 

Item 1(a). Name of Issuer:

AVALON OIL & GAS, INC.

 

Item 1(b). Address of Issuer’s Principal Executive Offices:

7000 Flour Exchange Building

310 Fourth Avenue South

MINNEAPOLIS, MINNESOTA 55415

 

Item 2(a). Name of Person Filing:

UTEK Corporation

 

Item 2(b). Address of Principal Business Office or, if none, Residence:

2109 E. Palm Avenue

Tampa, FL 33605

 

Item 2(c). Citizenship:

DELAWARE

 

Item 2(d). Title of Class of Securities:

Common Stock

 

Item 2(e). CUSIP Number:

053467106

 

Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the filing person is a:

 

(a)

    ¨    Broker or Dealer registered under Section 15 of the Exchange Act;

(b)

    ¨    Bank as defined in Section 3(a)(6) of the Exchange Act;

(c)

    ¨    Insurance company as defined in Section 3(a)(19) of the Exchange Act;

(d)

    ¨    Investment company registered under Section 8 of the Investment Company Act;

(e)

    ¨    An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

(f)

    ¨    An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

(g)

    ¨    A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

(h)

    ¨    A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;

(i)

    ¨    A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;

(j)

    ¨    Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

CUSIP NO. 053467106    13G    Page 4 of 4

 

Item 4. Ownership:

With respect to the beneficial ownership of shares of common stock of Avalon Oil & Gas, Inc. by UTEK Corporation, see Items 5 through 8 of the cover pages to this Schedule 13G, which are incorporated herein by reference.

 

Item 5. Ownership of Five Percent or Less of a Class:

If this statement is filed to report that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  ¨

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person:

Not applicable

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company:

Not applicable

 

Item 8. Identification and Classification of Members of the Group:

Not applicable

 

Item 9. Notice of Dissolution of Group:

Not applicable

 

Item 10. Certification:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: October 25, 2006

 

UTEK CORPORATION

/s/ Carole R. Wright
Carole R. Wright
Chief Financial Officer
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