1162200--4/15/2008--AMERIWEST_ENERGY

related topics

{interest, director, officer}

{stock, price, share}

{gas, price, oil}

{control, financial, internal}

{personnel, key, retain}

{provision, law, control}

{acquisition, growth, future}

{cost, contract, operation}

{regulation, change, law}

RISKS RELATED TO OUR BUSINESS Our limited operating history may not serve as an adequate basis to judge our future prospects and results of operations. We have incurred losses in prior periods and may incur losses in the future. If we are unable to obtain additional funding our business operations will be harmed and if we do obtain additional financing our then existing shareholders may suffer substantial dilution Inability of Our Officers and Directors to Devote Sufficient Time to the Operation of the Business May Limit Our Success. If we are unable to successfully recruit qualified managerial and field personnel having experience in oil and gas exploration, we may not be able to execute on our business plan. Even if we are able to, the potential profitability of oil and gas ventures depends upon factors beyond the control of our company. Competition in the oil and gas industry is highly competitive and there is no assurance that we will be successful in acquiring the leases. The marketability of natural resources will be affected by numerous factors beyond our control which may result in us not receiving an adequate return on invested capital to be profitable or viable Exploration and production activities are subject to certain environmental regulations which may prevent or delay the commencement or continuation of our operations. If we grant employee share options and other share-based compensation, our net income could be adversely affected. We are subject to new corporate governance and internal control reporting requirements, and our costs related to compliance with, or our failure to comply with existing and future requirements, could adversely affect our business. We are currently a shell company with limited operations and no revenues. There is uncertainty as to our ability to enforce civil liabilities both in and outside the United States due to the fact that some of our directors and all of our assets are not located in the United States. Our Independent Auditors Report States that there is a Substantial Doubt that we will be able to Continue as a Going Concern. Risk Relating To Our Common Stock: Nevada law and our articles of incorporation authorize us to issue shares of stock, which shares may cause substantial dilution to our existing shareholders and/or have rights and preferences greater than our common stock. A limited public trading market exists for our common stock, which makes it more difficult for our stockholders to sell their common stock in the public markets. Our common stock may be subject to the penny stock rules which may make it more difficult to sell our common stock

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1162200--4/15/2008--AMERIWEST_ENERGY_CORP.