AMERIWEST ENERGY CORP. Ameriwest Energy Corp. is a fast growing, exploration and development company that undertakes the development of underdeveloped oil resources and well documented exploration projects in the prolific Rocky Mountain region of the United States. The company has adopted an aggressively strategic approach targeting extensively mapped exploration plays with significant upside potential. All projects incorporate considerable historic data and are in close proximity to excellent support infrastructure.
The Company’s exploration program centers on pursuing primary production at the well-documented Geary Prospect in the Powder River Basin. Initial estimates indicate possible reserves of up to 3.15 MMBO at an averaged 175,000 gross barrels per well. Ameriwest management is also very excited with the property at Skull Valley which has been reported by Exploration Technologies Inc. (ETI) to have geological and geochemical features similar to, and with possibly greater potential than the nearby Grant Canyon field which has produced up to 30 million barrels of oil. Additional efforts include lease options at South Glenrock “C” with its potentially recoverable 4.9 million barrels of oil (MMBO) as well as ongoing production revenues and low cost capability to significantly increase production within a very short timeframe.
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