The Baken shale has opened up lots of oppurtunitie

The Baken shale has opened up lots of oppurtunities for  small oil companies like OREO  due to the new technologies out there

Investing in a small cap oil stock based in famously (or infamously) anti-oil California would sound like a bad idea but American Liberty Petroleum $OREO  is actually focused on a couple of oil prospects in the decidedly pro-resource extraction state of Nevada. These Nevada oil prospects include the following:

• The Gabbs Valley Prospect. This oil prospect is located on the 26,000-acre Cobble Cuesta structure in Nye County (stretching roughly north of Las Vegas and east of Reno) which by some estimates, represents oil reserves in excess of 4+ billion barrels. However and even if only a fraction of this estimate ends up being found, it will still be among the largest oil accumulations in the western US.


• The Kibby Flat Prospect. This oil prospect consists of 7,270-acres in the Monte Cristo basin located about 135 miles southeast of Reno. According to a September 2008 report, the prospect could have an estimated ultimate recovery (EUR) amount of as much as 669 million barrels of oil.