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Foreland purchases American Liberty's Gabbs Valley crude


Published Apr 26, 2012
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American Liberty Petroleum, Corp.

American Liberty Petroleum Corp. report that on April 19, 2012, Foreland Refining Corporation (Foreland) signed an agreement to purchase all of the Company's crude oil production from the Gabbs Valley oil field in Nye County, Nevada. Foreland operates the Eagle Springs Refinery in Ely, Nevada, in neighboring White Pine County to the east. The refinery receives crude oil from Nevada's Railroad Valley and other oil wells to process into asphalt, diesel fuel and other petroleum products.

"We're fortunate to now have an agreement in place with a nearby refiner for the purchase of all subsequent production from our Gabbs Valley-based activities. Our next step is to maximize on the production potential of the Paradise 2-12 well while further exploring our other opportunities in the area."

Tags: American Liberty Petroleum




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