New Huge Goodie for Tuesday - American Liberty Petroleum Corp - OREO.OB
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Apr 2, 2012, 5:59:07 PM4/2/12
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American Liberty Petroleum Corp. - OREO.OB
OREO -Business Description
American Liberty Petroleum Corp. focuses
on the acquisition, drilling, and production of oil and natural gas
properties and prospects. It has an option agreement with Desert
Discoveries, LLC, under which the company has an option to purchase
Desert Discoveries interest in the Leases covering an aggregate of
9,877.28 acres of land located in Nye, Esmeralda, and Mineral Counties,
Nevada. The company was formerly known as Oreon Rental Corporation and
changed its name to American Liberty Petroleum Corp in May 2010.
American Liberty Petroleum was founded in 2008 and is based in
Bakersfield, California.
Projects
OREO Kibby Flats Oil Prospect Report
Kibby Flat Prospect, NV
American Liberty Petroleum's Kibby Flat Prospect is located in the
southeastern part of Nevada's Monte Cristo Valley, and represents
estimated ultimate recovery as high as 669 million barrels of oil.
The 7,270-acre Kibby Flat Prospect is located ~135 miles southeast of
Reno in the southeastern part of Nevada's Monte Cristo Valley, an
elongated northwest-southeast trending basin connected to Gabbs Valley
by Stewart Valley.
A report by Jerry Walker, Consulting Geologist, in September 2008
concluded that estimated ultimate recovery (EUR) for the prospect could
be as high as 669 million barrels of oil (mmbo). At current prices, the
potential valuation for the prospect's ulti-mate recovery estimate of
669 mmbo is $71.15B (calculated at $106.36/bbl WTI Cushing Spot, Apr.
12, 2011).
By way of comparison, Occidental Petro-leum's (NYSE:OXY discovery in
2009 of 1+ billion barrels of oil and natural gas equiva-lents next door
in California is believed to be the largest in that state in over 35
years.
American Liberty Petroleum's Gabbs Valley Prospect is located
on the Cobble Cuesta structure, a faulted anticline estimated to represent reserves of 4+ billion barrels of oil.
American Liberty Petroleum's 2,557-acre Gabbs Valley Prospect is
located in Nye County on the 26,000-acre Cobble Cuesta structure in the
northwest part of Gabbs Valley, Nevada. A report by Alfred H.
Pekarek,Ph.D., Geologist from January 2008 estimated the Cobble Cuesta
structure represents reserves of 4+ billion barrels of oil based on
reservoir and production data from producing Nevada oil fields.
The Nevada-based Cobble Cuesta structure's 12 mile by 5 mile faulted anticline appears to be positioned to receive oil migrated
from deeper areas in the eastern part of the valley. Pekarek goes on to
note that, based on the location and structural position of oil seeps
and radiometric and soil gas anomalies, "a significant part, perhaps
all, of the structure has been filled.
"The report concludes that if only a fraction of the estimated reserves
are found to be in the Cobble Cuesta structure, it will still rank
among the largest oil accumulations in the western United States.
American Liberty Petroleum is a fully reporting SEC company, publicly traded on the OTC Market under the symbol, “OREO”,
and within the OTCQB market tier. As such, Business, operational and
financial information on OREO is fully transparent and available to
public view.