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American Liberty Petroleum Corp. Message Board

  • b.drivr b.drivr Nov 16, 2011 8:18 AM Flag

    OREO Shoulder to Shoulder With OXY, XOM in Nevada

    They are playing with the big boys:

    American Liberty Petroleum (OTC:OREO) Shoulder to Shoulder With OXY, XOM in Nevada

    By Matthew Briar

    Published: November 13, 2011 4:28:25 PM PST

    American Liberty Petroleum (OTC:OREO) may be a junior oil explorer, but it's rubbing elbows with some very big company. Occidental Petroleum Corporation (NYSE:OXY) and Exxon Mobil Corporation (NYSE:XOM) are a couple of them, in the geographical sense. Both have major exploration operations in eastern California. In partnership with Royal Dutch Shell - through a joint-venture called Aera Energy - Exxon Mobil produces 25% of the oil and gas that comes from California. Occidental Petroleum is an even bigger California player, and is actually the second biggest of all for the state) and biggest of all when adding natural gas to the mix). In fact, 70% of the total reserves OXY owns are in eastern California... more than 1 billion barrels worth, it is believed.

    So what's this got to do with American Liberty Petroleum, especially considering OREO is setting up shop in Nevada? Think about what lies directly east of California's oil providing geography - it's western Nevada. Same geology, and now - as oil players are starting to find out - the same potential oil production. The only difference is, the Nevada oil business is still very underdeveloped.

    As of the latest tally, the total number of oil wells ever established in California totaled about 110,000. In Nevada, the total's about 1000... less than 1% of California's number. American Liberty Petroleum is on the verge of changing that though, of the sampling and testing done so far is anywhere close to being on target.

    As it turns out, geological reports taken lately suggest there are 4 billion barrels of oil waiting to be drilled in the part of western Nevada where OREO has planted two flags. One of them is Kibby Flats, and the other is Gabbs Valley. Though American Liberty Petroleum doesn't have rights to the whole 4 billion barrels, it doesn't need to either. It's got access to two very sweet prospects in the middle of that opportunity, and that'll be enough to attract a suitor, or enough to bother drilling and selling. Either way, this $131 million company has a lot more potential per-share than an Occidental Petroleum or an Exxon Mobil do.

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OREO.OB
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