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Micro-Cap in Focus; American Liberty Petroleum Corp. (OREO)

By Warren Paige

American Liberty Petroleum Corp. (OTC: OREO), a Bakersfield, California-based company focused on reducing America’s need for imported oil by discovering major new onshore U.S. energy resources, this week, announced the signing of an engagement letter with Netherland, Sewell & Associates Inc. (NSAI) to perform consulting petroleum engineering work.

NSAI is an oil and gas consulting services firm, offering a range of geological, geophysical, petrophysical and engineering services. NSAI will help OREO in identifying the next steps in the development of its Nevada-based Cortez operation.

Commenting on the development, Alvaro Vollmers, President of American Liberty Petroleum, said that NSAI represents the range and depth of experience needed to help OREO identify the best course of action to further develop the Cortez operation. Vollmers said that by working with NSAI, OREO will be able to quickly move forward with its development activities in an informed and cost-effective manner.

OREO shares are fluctuating between gains and losses in trading today. At last check, the stock was trading at $1.04, unchanged from yesterday.

 

May 10th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.