June 06, 2012 07:30 ET

American Liberty (OTCBB: OREO) Issues Progress Report on Nevada Wells

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire.

NEW YORK, NY--(Marketwire - Jun 6, 2012) - American Liberty Petroleum, Corp. (OTCBB: OREO) has recently announced a progress update to their Nevada based wells and has released that they have completed their second sale of crude to Foreland's Eagle Springs Refinery.

In its report on American Liberty Petroleum, Grass Roots Research noted that the U.S. demand for energy is forecast to grow 20% from 2009 to 2035. The main driving force for oil will be ever increasing demand for energy. Grass Roots believes that oil will remain a dominant fuel in the future as growing demand for energy is not likely to be fulfilled by alternative sources. Additionally, geopolitical tensions make oil imports from Middle East erratic. According to Grass Roots, this calls for substantial oil and gas investment domestically. OREO is one U.S. oil company that is looking to explore oil and gas domestically. Grass Roots also notes that OREO's two attractive oil prospects, which are situated in Western Nevada, are estimated to have a total reserve of approximately 4.6 billion barrels. (

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