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.
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