Ameriwest Energy Corp. (AWEC.OB) Expands Geary Prospect Holdings to 3,040 Acres in Promising Powder River Basin
The Rocky Mountain region of the United States has an estimated 34 million barrels of original oil. After this oil is recovered by traditional means, approximately 23 billion barrels of oil will be left behind. Ameriwest Energy Corp. (OTCBB: AWEC) has positioned itself to capitalize on this oil, focusing on the production of underdeveloped oil resources in the Rocky Mountains to find a balance between low-risk recovery projects and exploration plays with significant upside potential. The company today announced its formal intention to exercise its right to purchase oil and gas mineral leases adjoining its recent Geary Prospect acquisition. While…