Ameriwest Energy Corp. (AWEC.OB) is “One to Watch”
Source: http://Blog.QualityStocks.net/?p=10643Posted on Monday, June 16th, 2008 | In Current Market News, OTCBB Markets, Small & Micro Cap, Stocks to Watch
Ameriwest Energy is a domestic oil company with one very specific goal: to decrease foreign oil dependency by targeting pre-existing yet underdeveloped American oil reserves.
Vast stores of oil still remain all over our country’s western regions, left unrecovered after traditional extraction methods have run their course. More than half of the oil originally discovered in and around the Rocky Mountains, in particular, is still untouched to this day. The volume of these reserves is estimated to be 23 billion barrels, and Ameriwest intends to capitalize on this overlooked resource by using cutting-edge recovery techniques.
The company’s tertiary (oil recovery from pre-existing wells through the underground application of heat and chemicals) focus is currently vested in three main areas, defined as low-risk, historically-producing properties. Part of Ameriwest’s tertiary recovery program, the South Glenrock plot, contains just under 5 million barrels of recoverable crude, and the potential for about 2.5 million barrels lies in the Burke Ranch field. The greatest prospect, however, is known as the Cole Creek reserve; originally estimated to hold over 125 million barrels, the Wyoming Oil & Gas Conservation Commission estimates that only 18 million have been harvested thus far.
Ameriwest’s attention to properties which have been largely overlooked, and under-worked, could be the ticket to materializing its goal of becoming an American oil superpower.
Let us hear your thoughts: Ameriwest Energy Corp. Message Board
Last 5 posts by QualityStocks
- Novavax, Inc. (NVAX) Prices Offering Of Common Stock - November 24th, 2009
- Freshwater Technologies (FWTC.OB) Water Activation Technology Increases the Germination of Vegetable Crops - November 24th, 2009
- AlumniFuel Power Corp. (AFPW.OB) Subsidiary Turns Heads with Technology at Naval Energy Forum - November 24th, 2009
- Provectus Pharmaceuticals Inc. (PVCT.OB) Delivers Favorable Oncology Treatment; Presents Data to 3rd World Meeting of Interdisciplinary Melanoma/Skin Cancer Centers - November 24th, 2009
- TapImmune, Inc. (TPIV.OB) Among the Winners in the Booming Vaccine Business - November 24th, 2009
5 Million, American Oil, Ameriwest, Awec, Burke Ranch, Current Market News, Domestic Oil, Energy Corp, Extraction Methods, Gas Conservation Commission, Glenrock, Oil Company, Oil Dependency, Oil Recovery, oil reserves, OTCBB Markets, Rocky Mountains, Small & Micro Cap, Stocks to Watch, Superpower, Tertiary Oil, Tertiary Recovery, Western Regions, Wyoming Oil
 About QualityStocks (http://QualityStocks.net)
Our name, QualityStocks, emphasizes our commitment to connect subscribers with companies that have huge potential to succeed in the short and long-term future. We believe strong management and vision for the future are crucial for any company to be successful. Timing is everything and we help investors succeed by providing an objective, broad-based view of the SmallCap markets on a daily basis. Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.