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.
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.
Gabbs Valley Oil Prospect Report, NV
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.
Market Value: $147,565,834 a/o Mar 30, 2012
A/S : 450 Million
O/S : 105,404,167 as of 3/13/2012
10-Q reported 3/13/2012 period ending 1/31/2012
Incorporated In: NV,USA
Year of Inc.: 2008
Signature Stock Transfer, Inc.
2632 Coach Light Ct,
Plano, Texas 75093
Business Wire - (Tue, Mar 20)
American Liberty Petroleum Corp. Provides Background on Paradise 2-12 Well Acquisition & Completion Efforts in Gabbs Valley, Nevada
Business Wire - (Mon, Mar 5)
American Liberty Petroleum Corp. Appoints Experienced VP of Operations to Management Team
Marketwire - (Mon, Mar 5)
American Liberty Petroleum and Dejour Energy Benefit From Surging Crude Prices
Business Wire - (Mon, Feb 27)
American Liberty Petroleum Corp. Reviews Western American Energy Production & Potential
Business Wire - (Mon, Feb 13)
American Liberty Petroleum Corp. Adds New Oil Discovery Lease & Exercises Option to Receive Assignment of 3 Oil & Gas Leases