AMERIWEST ENERGY CORP.
Ameriwest Energy Corp. is a fast growing, exploration and development company that undertakes the development of underdeveloped oil resources and well documented exploration projects in the prolific Rocky Mountain region of the United States. The company has adopted an aggressively strategic approach targeting extensively mapped exploration plays with significant upside potential. All projects incorporate considerable historic data and are in close proximity to excellent support infrastructure.
The Company’s exploration program centers on pursuing primary production at the well-documented Geary Prospect in the Powder River Basin. Initial estimates indicate possible reserves of up to 3.15 MMBO at an averaged 175,000 gross barrels per well. Ameriwest management is also very excited with the property at Skull Valley which has been reported by Exploration Technologies Inc. (ETI) to have geological and geochemical features similar to, and with possibly greater potential than the nearby Grant Canyon field which has produced up to 30 million barrels of oil. Additional efforts include lease options at South Glenrock “C” with its potentially recoverable 4.9 million barrels of oil (MMBO) as well as ongoing production revenues and low cost capability to significantly increase production within a very short timeframe.
Latest 10-Q Reports OS 54,278,002 as of Nov 19 08
Empire Stock Transfer, Inc.
2470 St Rose Parkway, Suite 304
Henderson, Nevada, USA, 89075
Phone: (702) 818-5898
ABOUT AMERIWEST PROJECTS
Ameriwest Energy Corp. is acquiring majority interests in leaseholds that offer significant opportunities through the exploration of low-risk, underdeveloped stores of oil stranded in Wyoming and Utah’s prolific reservoirs.
The Company leverages leading edge exploratory techniques and local geological expertise including verifiable historic data to identify and explore prospect fields that offer significant development potential and short term production opportunities.
Research, Report by IPOdesktop.com:
AWEC Report by John Myers (energy writer and analyst).
http://www.strikingoil.com/AWEC.pdf & http://secretoilstock.com/
NITEC LLC (Reservoir Engineers)
Enhanced oil recovery:
SKULL VALLEY: (Post, Courtesy Seasoned Oil Man)
Exploration Technologies, Inc., a third party engineering firm from Houston, Texas, identified that the similarities between the structural style (slump blocks), geologic column (reservoir rocks), and geochemical anomaly between the Grant Canyon field and the Skull Valley Prospect suggest that with almost 5000 leased acres (over 2000 acres in the heart of the geochemical anomaly) a 25 million to 35 million barrel potential is a realistic possibility.
The Grant Canyon has produced up to date 20 MILLION BARRELS and ultimately will produce approx. 30 million barrels which is a massive on shore drilling program.
What one of my long time geologist friend told me is that Skull Valley and Grant Canyon were one combined area but through millions of years a mountain formed and split the formations.
Imagine Ameriwest becoming the next major producer, I believe they have all the fundamentals to accomplish this.
Walter R. Merschat, President
Mr. Merschat is a petroleum geologist with over 35 years of experience in the oil and gas business. In 1987 he founded Scientific Geochemical Services (SGS), a company focused on conducting and interpreting geochemical surveys. Since its inception SGS has conducted exploration surveys encompassing more than one hundred thousand sample locations in numerous offshore and onshore basins worldwide. Prior to forming SGS, Mr. Merschat worked for Gulf Research and Development, a division of Gulf Oil Co., where he focused on the execution and interpretation of geochemical programs in the Rocky Mountain region of Wyoming and in the Basin and Range geologic province of Nevada and Utah. During his tenure at Gulf, Mr. Merschat performed the geochemical surveying on Ameriwest’s Skull Valley prospect, located in Tooele County, Utah. Mr. Merschat
Joseph J. McQuade, Chief Financial Officer
Mr. McQuade has participated in the oil and gas industry in various finance, accounting and managerial roles for over 35 years. From 1981 through 1998, he served as Vice President of Finance, President or Chairman of the Board of Hawk Industries, Inc., a public oil and gas exploration company with properties in Wyoming, Utah, Colorado, Montana, New Mexico and Oklahoma. From 1998 to 2002, Mr. McQuade served as President and CEO of Allagesh Oil Company, a group of oil and gas royalty partnerships. From 2003 to the 2007, he served as Chief Financial Officer of Woodworker's Supply, Inc. Mr. McQuade holds a Bachelor of Science degree from Brigham Young University and a Masters in Business Administration from the University of Wyoming. Additionally, he is a member of the American Institute of
Mr. Jon Clement Nicolaysen, Director
Mr. Nicolaysen brings over 40 years of experience in business, mineral development and agriculture to Ameriwest. He has served as president of JK Minerals Inc., a private oil company, for 19 years. Under his leadership, JK Minerals consolidated ownership and increased production in the historic Cole Creek Oilfield northeast of Casper, Wyoming. In 2001, he became the unit operator of the Cole Creek Oilfield. He is also a founding member of Wyoming Mineral Exploration, LLC (2004), and Muddy Mineral Exploration, LLC (2007). Mr. Nicolaysen practiced his particular expertise in land title and acquisition to consolidate other productive fields in the Powder River Basin of Wyoming including the South Glenrock Block “C” unit and the Big Muddy Oilfield. Mr. Nicolaysen received an M.S. in Business Administration degree from the University of Wyoming in 1970, a B.S. in Business Administration degree from the Colorado College in 1968, and was an inaugural member of the Wyoming Agriculture Leadership Program, a W.K. Kellogg Foundation-sponsored fellowship, from 1984-1986.
Chris Wright, Director
Mr. Wright has over 20 years of experience in finance and administrative management for both private and public companies. In 1995, he founded Velvet Exploration Ltd., an oil and gas company based in Calgary, Alberta, Canada, which later traded on the Toronto Stock Exchange. Mr. Wright served as the chairman of Velvet Exploration until it was sold to El Paso Corporation in June 2001 for over $400 million. Since 1997 Mr. Wright has been the president and CEO of First Merit Group Ltd., a private venture capital and investment firm. Mr. Wright received a law degree from the University of Victoria in 1986 and a bachelor’s degree from the University of Alberta in 1981.
NITEC was founded in 1995 by a group of highly experienced petroleum engineers to provide reservoir evaluation services to oil and gas companies and regulatory agencies. NITEC has performed many large, fully integrated reservoir studies on highly complex reservoirs as well as smaller reservoir and well evaluations. The company has continued to grow each year both in the number of projects awarded and in its reputation and recognition for producing outstanding reservoir studies.
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