Based in Bakersfield, California, American Liberty is a publicly traded company (OTCBB: OREO.OB) focused on reducing America’s need for imported oil through discovering major, new onshore US energy resources and by tapping overlooked or undervalued onshore domestic resources through exploration and development technologies not previously available.
Recent significant discoveries, such as Occidental Petroleum's estimated 1+ billion barrels of oil and natural gas equivalents in California, underscore the potential for developing new oil and gas production solutions in western America.
Next door in the under-explored state of Nevada, American Liberty's 8,157-acre Gabbs Valley Prospect is located on the 26,000-acre Cobble Cuesta structure, which is estimated to represent oil reserves of 4+ billion barrels.
The Company's 7,270-acre Kibby Flat Prospect in the Monte Cristo basin, meanwhile, represents estimated ultimate recovery (EUR) of as high as 669 million barrels of oil according to a 2008 report.
Projects
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 8,157-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.
The 1,760-acre Lease is located on the under-explored 26,000-acre Cobble Cuesta structure in the northwest part of Gabbs Valley in Nye County, Nevada. The new Lease is considered part of the Company's Gabbs Valley Prospect Nevada-based BLM Lease NVN090504 (the 'Lease').
American liberty is pleased to announce its acquisition of a 60% Working Interest (WI) and 50.7% Net Revenue Interest (NRI) in Nevada-based BLM Lease NVN090504 (the 'Lease').
American Liberty Petroleum Corp. 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.
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